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TORONTO, Dec.5th, 2018 – Bitbuy announced today the acquisition of Canadian Fintech Company Blockchain Markets Inc. (“BCM”). The acquisition allows Bitbuy to accelerate plans to develop industry-leading software leveraging blockchain infrastructure. BCM will aim to provide Canadians with dependable technology and advanced functionality. Terms of the deal were not disclosed publicly.
Founded in 2017, BCM has developed proprietary technology, including a low latency order matching engine, liquidity remarketer, and digital-asset custody solution. In addition to custom development, the company provides advisory services for companies looking to utilize blockchain technology, or develop software within the financial sector.
Bitbuy also announced its plans to incorporate the existing technologies into its current platform and will subsequently be rolling out a state of the art exchange called “Bitbuy Pro” in Q1 2019.
“The acquisition of Blockchain Markets reflects its strong and experienced technology team, coupled with its proprietary technology. Blockchain Markets will enable Bitbuy to provide an enhanced user experience with advanced features”, said Bitbuy CTO Chris Ragobeer.
With the launch of Bitbuy Pro, users can expect additional trading pairs, more order types, deeper liquidity, FIX API access, and a proprietary custody solution. Bitbuy Pro will be Canada’s most secure and cutting-edge digital asset platform. For further information, and for early access sign up here.
Bitbuy Pro will address many barriers to entry for individual traders and institutions within Canada; streamlined onboarding process, greater liquidity, and state-of-the-art trading functionality.
“With increased education available for individual traders, and institutional adoption, Bitbuy Pro will allow us to be well-positioned as the market continues to mature,” said Jordan Anderson, Head of Sales & Marketing at Bitbuy.
To learn more about Bitbuy, visit Bitbuy.ca.
Originally founded in 2013, Bitbuy identified a need for a platform allowing Canadians easy access to Bitcoin. Fast forward to 2018, Bitbuy’s founding mission remains the same: to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Bitbuy is a division of First Ledger Corp; a Toronto based fintech and blockchain company.
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