Bex.io Bitcoin Exchange Platform Gets $525,000 in Venture Capital
Vancouver, Canada-based bitcoin exchange platform Bex.io has reportedly received $525,000 in venture capital from CrossPacific Capital Partners, in addition to Brian Cartmell, and Ryan Holmes (founder of Hootsuite). The news comes after Play and Boast Capital threw in some funding recently. The Bex.io platform is essentially the "back-end" technology required to operate a bitcoin exchange. A prospective exchange will sign up, build their exchange on the Bex platform, and split the fees. It's a great concept, given exchange operators will not need to build their own trading system. The....
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From these struggles and pains on....
Bitcoin exchange and platform Coinbase has announced new investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. The endeavor will see Coinbase look toward expansion efforts in Japan and Asia. Bitcoin exchange and services platform Coinbase will raise $10.5 million from Japanese investors today with the aim to launch services in Japan. Currently, Coinbase only has an Asian presence in Singapore. Investors include the Mitsubishi UFJ Financial Group (MUFG) and the Bank of Tokyo-Mitsubishi UFJ (BMTU) Japan’s largest lender and bank, respectively. The....
In addition to the companies listed below, sales portal BitSimple has raised $600,000 in a bitcoin-only seed round. This article summarizes some of the new State of Bitcoin 2014 data and analysis on venture capital investment presented at last week's Coinsummit conference in San Francisco. Several significant venture capital investments in bitcoin startups have been announced in recent weeks, including Circle's $17m second round, Xapo's $20m first round, and OKCoin's $10m first round (Table 1). Table 1: Bitcoin Venture Capital Investments - 2014 YTD. Sources: CoinDesk, Dow Jones....
Bitcoin exchanges are the gateway between fiat and digital currency. Vancouver-based Bex.io has received venture funding in order to advance its own ideals on how to build them. The company, which has built a bitcoin exchange platform, has received $525,000 in venture capital to fund its operations. The round was funded by CrossPacific Capital Partners, with participation from Brian Cartmell and HootSuite Founder Ryan Holmes. Plug and Play and Boast Capital also contributed financing recently. Founder Yurii Rashkovskii told an audience in London in July that Bex.io plans to "help bitcoin....
Bitcoin cannot become the safest exchange platform for sidechain coins to create and maintain a coin which is needed for venture capital investment, say industry insiders. This is despite that the quest for a coin by new startups or existing companies has increased of late. They want to use these coins to exchange revenue and cash holdings with investors who are willing to buy into firms’ ideas and financial potentials. Also, Bitcoin stands out as a plausible option to be considered to resolve the exchange issue since the sidechain allows the use of a Bitcoin-like system without going....