Coinsetter Acquires CaVirtex Bitcoin Exchange in Expansion
Bitcoin operations in Canada have taken a hit earlier this year, as two of its major exchanges had to shut down. Both Vault of Satoshi and CaVirtex — the leading Canadian bitcoin exchange — halted all Bitcoin-related services in Q1 of 2015. However, it looks like CaVirtex is far from done, as the exchange platform was recently acquired by New York-based bitcoin exchange Coinsetter. CaVirtex: Closing Down After Security Breach. If there is one thing the early months of 2015 have shown us, it is that no Bitcoin exchange around the world is safe from security breaches. Not all of the hacking....
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One of the world’s major Bitcoin exchanges Kraken has just announced today the largest M&A deal in Bitcoin industry and acuired two of the oldest BTC exchanges - Coinsetter and Cavirtex. Kraken is now officially coming to North America. According to the official press release: Coinsetter was founded in 2012 and became one of America’s most prominent national bitcoin exchanges, while Cavirtex is the oldest bitcoin exchange in Canada since 2011. “Kraken will fully absorb both Coinsetter and Cavirtex brands in the acquisition. Client accounts of both exchanges will be automatically....
When Canadian exchange Cavirtex closed its doors in February, there was a lot of speculation about the reasons it shut down, but few expected the exchange to come back to life. Cavirtex shut down amid security concerns after a major breach. Now, New York-based digital currencies exchange Coinsetter is expanding into the Canadian market by buying previously closed exchange Cavirtex for close to $2 million, according to Fortune Magazine. Coinsetter, which specializes in institutional trading for investment firms, is confident it can win back all of Cavirtex's old customers in Canada and grow....
Top Canadian bitcoin exchange Cavirtex is expected to resume trading following its acquisition by New York platform Coinsetter. The news comes after Cavirtex announced it was planning to shut down operations in March following a breach that compromised security information including password hashes the previous month. Jaron Lukasiewicz, now CEO of both Coinsetter and Cavirtex, said measures had been taken to remove the possibility of an event like this happening again. He added: "No customers have been financially affected by a compromise ... We feel strongly about our ability to protect....
New York based global Bitcoin exchange Coinsetter recently assumed the possession of CAVIRTEX, another Bitcoin exchange from Toronto that ceased business operations earlier this year. The acquisition marked one of the first major consolidationa between two big companies in the ever-growing digital currency space. It particularly came as good news for CAVIRTEX customers who will now be able to resume their trading operations on one of the most reliable Bitcoin exchanges Canada has ever seen. Coinsetter's New Role in Canadian Bitcoin Market. The details of the deal between Coinsetter and....
In a significant announcement today, the largest ever deal of its kind in the Bitcoin industry saw leading European bitcoin exchange Kraken acquire bitcoin exchanges Coinsetter and CaVirtEx. In a statement today, Kraken announced it is acquiring New York-based exchange Coinsetter and Canada’s first bitcoin exchange CaVirtEx. The world’s largest bitcoin exchange will fully absorb both exchanges to expand its scope with “an immediate and significant expansion into the North American market,” the statement read. The undisclosed deal will see Kraken enter the United States with its exchange....