Crypto brokerage Bitcoin Suisse invests $3M in trading software provider CoinRoutes

advertisement

Cryptocurrency brokerage and custodian Bitcoin Suisse has invested $3 million in trading software provider CoinRoutes.

Announcing the news on Tuesday, Bitcoin Suisse said it has acquired a “sizeable minority" stake in CoinRoutes’ U.S. unit with the investment. It did not disclose the percentage of the stake acquisition.

CoinRoutes’ algorithmic trading software, which sources cryptocurrency price data from over 40 exchanges, is the primary reason for the investment. “We have been absolutely satisfied with [“CoinRoutes’] technology for the past year,” said Niklas Nikolajsen, chairman of the Bitcoin Suisse Group.

Technology provided by CoinRoutes allows Bitcoin Suisse to execute trades at the “best prices across all major crypto asset exchanges,” per the announcement.

As part of the investment, Nikolajsen is also joining the board of directors of both CoinRoutes’s U.S. and Switzerland units.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post
More