Bitcoin exchange Bitso to launch derivatives trading
Bitcoin exchange Bitso to la...
Subscribe to Newsletter

Bitcoin exchange Bitso to launch derivatives trading

13 February 2021
3997
1 min.
5
Bitcoin exchange Bitso to launch derivatives trading

Derivatives trading

Latin America's largest cryptocurrency exchange, Bitso, announced the acquisition of European crypto derivatives platform Quedex.

Quedex, like Bitso, is licensed by the Gibraltar Financial Services Commission. The regulator updated its guidelines in September to comply with the Financial Action Task Force (FATF).

The absorbed exchange's team has joined Bitso and will continue to develop more sophisticated products. Experts from PricewaterhouseCoopers advised on the deal.

Bitso CEO Daniel Vogel said: "Trading engine performance is becoming a key competitive advantage in the industry. Joining Quedex will significantly improve customer satisfaction".

The top manager also confirmed plans for further expansion in Brazil.

In addition to providing access to cryptocurrency trading, Bitso is involved in money transfers and plans to expand its line of services into secured lending and deposits.

According to Vogel, the takeover of Quedex will not only offer futures and options on cryptocurrencies, but also leveraged trading.

"This is what our clients have been asking for. It will change the competitive landscape in the region. Right now there are no regulated platforms in Latin America that offer similar products", stressed the Bitso head.

According to the company, it has a customer base of 1.4 million users.

In December, Bitso raised $62 million in a Series B financing round.

Persons1 and Companies4 in the news

Founder of Bitso
1 place
Quedex
3 place
Bitso
4 place
Section:

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8158897363
Died this year
45937777
Born this year
113015062