Prasos Announces Acquisition of Finnish Bitcoin Exchange Coinmotion
Prasos, the leading Bitcoin brokerage in Finland, has announced the acquisition of the Bitcoin exchange service Coinmotion. Coinmotion of Helsinki “aims to provide a seamless platform for using Bitcoin to both consumers and vendors.” With the strategic acquisition, Prasos is positioning its service scope to be able to extend its offerings to ” regular people who want to safely invest in bitcoins and to better reach international markets.” Henry Bade, CEO and Co-Founder of Prasos says of the acquisition, “Our company has concentrated purely on Bitcoin exchange services and our market area....
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Finnish bitcoin broker Prasos has acquired Helsinki-based digital currency exchange Coinmotion for an undisclosed sum. The acquisition of the exchange by Prasos – which operates a different bitcoin exchange called Bittiraha.fi, as well as a bitcoin ATM network in Finland – follows a trend of exchange consolidation in the past year. While Prasos, which has headquarters in Jyväskylä, Finland, declined to disclose the buy price, it say the cash deal involved the purchase of the Coinmotion platform along with its customer base. While none of the exchange staff will stay with the firm through....
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