London-based bitcoin trading exchange BTC.sx has integrated its platform with the global bitcoin exchange itBit, which has locations in Singapore and New York. The partnership with itBit expands BTC.sx’s presence globally.
“We are extremely excited about partnering with such a reliable and high quality exchange as itBit,” said Joe Lee, co-founder and CEO of BTC.sx. “itBit’s diligence with regulatory compliance brings an unmatched level of professionalism to the growing bitcoin sector. Working with itBit helps us diversify our product offerings to serve a growing global customer base who seek an easy to use trading platform.”
The partnership introduces itBit’s BTC-USD currency pair and growing liquidity to the easy-to-use BTC.sx trading platform. Deeper integration of additional product offerings is planned for the future.
“We have a lot of respect for the way BTC.sx understands bitcoin traders and serves their needs,” said Antony Lewis, Director of Business Development at itBit. “They offer a solid, feature-rich and easy-to-use platform and we are very glad to be working together.”
BTC.sx expanded its Asia presence in July and launched its services in five languages, two of which are dedicated to the Chinese market: Simplified Chinese (China) and Traditional Chinese (Hong Kong). Partnering with itBit, with its well-established presence in Singapore, will further help BTC.sx to address markets in Asia.
BTC.sx is headquartered at T15B, a space dedicated to Bitcoin start-ups in London’s Silicon Roundabout. Since its launch, BTC.sx enjoyed early success with rapid growth of its user base. Its traction gained the visibility of Seedcoin, a Bitcoin startup incubator who backed the company in early 2014. In the last 12 months, BTC.sx clients have traded over US$50 million out to market. The team consists of finance and investment banking professionals and includes the recent hire of ex Deutsche Bank Vice President, Colin Kwan. The company seeks to continue adding new exchange partners to its trading platform with the integration of a major Asia-based exchange within the coming weeks.
itBit is a global exchange offering institutional and retail investors a powerful platform to buy and sell bitcoin. The exchange provides investors with high liquidity, advanced security and employs extensive know-your-customer and additional monitoring systems to ensure the highest compliance standards. The bitcoin exchange was founded by CEO Charles Cascarilla in 2012 and has offices in New York and Singapore, giving it a strong global presence in two key digital currency markets. The company is venture-backed by RRE Ventures, Canaan Partners, Liberty City Ventures and angel investors including Jay W. Jordan II and Ben Davenport.