Asia Europe Bitcoin Partnership: London's BTC.sx Partners with Asian Exchange ItBit
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....
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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....
New York-based bitcoin exchange itBit has hired a securities services and technology veteran to head operations in Europe, the Middle East and Africa. The hire of Jason Nabi comes as the exchange opens a new office in London. Prior to itBit, Nabi worked for major European bank Société Générale as its global business lead for post-trade services. Nabi started his career as a dealer on the London Stock Exchange, and has held senior positions at IBM Global Services, Bloomberg and BNP Paribas Securities Services. He said in a statement: “The industry is at a turning point with distributed....
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....
Antony Lewis, the former director for business development at bitcoin exchange Paxos, has now joined private banking blockchain consortium led by New York-based R3. A former executive who oversaw business development with a focus in Asian markets for bitcoin exchange Paxos (itBit at the time of tenure) has joined R3. Antony Lewis revealed his new position at R3 as the Director of the firm’s Lab & Research Centre in Singapore. Lewis was formerly the director for business development in Asia at Singaporean bitcoin exchange itBit that recently rebranded itself under the Paxos brand. A....
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....