{"id":241306,"date":"2019-10-23T11:46:23","date_gmt":"2019-10-23T15:46:23","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=241306"},"modified":"2019-10-23T11:46:23","modified_gmt":"2019-10-23T15:46:23","slug":"bitcoin-buys-a-stake-in-a-trade-intelligence-company","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-buys-a-stake-in-a-trade-intelligence-company","title":{"rendered":"Bitcoin Buys a Stake in a Trade Intelligence Company"},"content":{"rendered":"
In the latest development, Bitcoin Suisse has acquired a small stake in CoinRoute Inc, a provider of algorithm trading and pan-exchange order software.<\/p>\n
Bitcoin Suisse made this announcement yesterday, as it specified that it has bought a $3 million stake in CoinRoutes.<\/p>\n
Chairman of Bitcoin Suisse, Niklas Nikolajsen, is now a member of the Directors in Switzerland\u2019s and United States entries of CountRoute Inc.<\/p>\n
Earlier, Bitcoin Suisse had accessed the capacity of the CoinRoute by testing the patient’s pending and routing technology of the platform.<\/p>\n
Eventually, after completing its test, Bitcoin Suisse integrated its technology into the trading and brokerage platform.<\/p>\n
In another development, Bitcoin Suisse recently entered into a collaboration with fintech company Amun.<\/p>\n
The partnership was to establish a new crypto exchange product on SIX, Switzerland stock exchange.<\/p>\n
And as recently as July this year, Bitcoin Suisse applied for a license in banking and security from the country\u2019s finance regulator.<\/p>\n
There is no doubt that Bitcoin is trying to expand its stronghold on Europe, and has picked Switzerland as the more favorable market.<\/p>\n
It has collaborated with these companies to gain the market and reach out to the cryptocurrency community in the region.<\/p>\n
With Liechtenstein\u2019s approval of the Blockchain Act earlier this month, SEO of Bitcoin Suisse in Liechtenstein, Mauro Casellini, pointed out that the government approval of blockchain is a welcome development.<\/p>\n
It is an indication that the blockchain Act has strong relevance and backing by Liechtenstein\u2019s government.<\/p>\n
It provides a legal entity for cryptocurrency and blockchain technology to thrive in a favorable environment.<\/p>\n
According to him, Liechtenstein has shown that a country is a perfect place for blockchain firms and FinTech to collaborate. The country is in a strategic location, from which the two companies can reach the whole of Europe.<\/p>\n
The banking application with FINMA is another strong indication that Bitcoin Suisse is making sure that it expands in the region.<\/p>\n
The Bitcoin Suisse representative said in a report that<\/a> the company is moving in the right direction to capture the European market.<\/p>\n According to the report, the company is trying to target the long term market in Europe.<\/p>\n Its collaboration only shows the company\u2019s determination to make Bitcoin and cryptocurrency reachable to investors and the ever viable market in Europe.<\/p>\n With the acquired license, the company will be able to serve the public with crypto-financial products and solutions.<\/p>\n Bitcoin although still leading in the industry, is not lying low to make sure the crypto coins receive the level of attention it deserves.<\/p>\n The latest partnership with Fintech is a perfect example. As Mauro puts it, the technological innovations of Bitcoin Suisse as well as Fintech\u2019s industry expertise will be vital for this collaboration to be a success.<\/p>\n The $3 million stakes Bitcoin Suisse has made on CoinRoute is another strong statement that the company is serious about expanding its reach in central Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin leading the market with integration and innovations<\/h2>\n