Bitcoin Derivatives Platform BTC.sx Partners With Asian Exchange itBit
London-based bitcoin derivatives platform BTC.sx has partnered with global exchange itBit to integrate its BTC-USD trading currency pair with the bitcoin exchange's existing offerings. Joseph Lee, co-founder and CEO of BTC.sx, said the bitcoin exchange ecosystem is now entering its second phase of development, one he believes will be characterized by advanced financial services that go beyond simple currency exchange. Speaking to CoinDesk, Lee explained how the integration will aim to bolster the current platform itBit users have come to expect: "The platform essentially emulates what an....
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BTC.sx, a London-based bitcoin derivatives platform, has partnered with itBit to integrate its BTC-USD trading currency pair with the exchange's existing offerings. The new platform will mimic that of an E*Trade platform. According to BTC.sx cofounder Joseph Lee: "The platform essentially emulates what an E*Trade platform would be. We've tried to set up a professional foreign exchange trading platform in bitcoin for bitcoin, which we believe we're the first to fill that niche." When investors trade currency with Bitcoin, they are essentially required to purchase both currency pairs because....
This morning, Bitcoin Magazine had the privilege of speaking with CEO and co-founder of itBit, Richmond Teo and also representatives from Liberty City Ventures. Today, itBit announced its official opening and global platform for the trading of Bitcoin with US dollars, Singapore dollars and Euros. itBit is a Singapore based exchange with the intent of reaching out globally to provide a platform for institutional investors to utilize Bitcoin in new ways and to take Bitcoin to the next level. CEO and Co-Founder, Richmond Teo, created itBit to serve as a Bitcoin exchange that covers global....
A new virtual currency exchange has raised $3.25m to fund the expansion of its operations. Singapore-based itBit, which has raised $5.5m in funding to date, will use the money to bring institutional investment technology to bitcoin. "itBit is the first bitcoin exchange built on global equities exchange standards, therefore offering a new level of professionalism, reliability and security to bitcoin trading," CEO Rich Teo and CTO Jason Melo of itBit told CoinDesk. The recent round was funded by Canaan Partners and RRE Ventures, along with Liberty City ventures and other individual angel....
ItBit becomes the first US regulated exchange, but the EU might be about to harmonize digital currency law for 500 million people. On Thursday, May 7, Ben Lawsky tweeted out the now signed charter for ItBit, confirming its status as a registered trust business. This move allows ItBit to operate an online currency exchange between USD or other fiat currencies, and something like Bitcoin. Addressing the move in a press release on Thursday, Lawsky explained how he saw the chartering of ItBit as an important step in legitimizing and harnessing the potential of digital currencies for investors....
Users of Bloomberg terminals can now track bitcoin pricing data from itBit, including USD, EUR and SGD trading pairs. Although still relatively young, the Singaporean exchange has expanded rapidly. At the end of last year, itBit received $3.2m in venture capital, bringing its current funding total to $5.5m. The Bloomberg Professional service has more than 320,000 subscribers and the decision will undoubtedly give the Asian exchange greater exposure worldwide. Targeting professionals. ItBit describes itself as a bitcoin exchange for professionals, with reliable deposits and withdrawals,....