In the recent development, BUX announced the official acquisition of Blockport, a European social cryptocurrency investment platform. Upon this acquisition, Blockport will be rebranded to BUX Crypto and will be fully integrated under the BUX brand. The rebranded platform is currently being tested with a pool of clients and will launch in Q1 of 2020.
Notably, this acquisition will further expand BUX’s service offerings and will continue to drive the company’s mission to become the a single destination for young investors in Europe.
The founders and core team members of Blockport will join BUX and take ownership of the cryptocurrency offering. BUX Crypto will be available to users across all 9 European countries where BUX is currently active. Now, users will be able to access a variety of financial assets and markets, including Bitcoin, Ethereum, and XRP.
BUX Crypto will register with the Dutch Central Bank (DNB) as a cryptocurrency services provider. The new regulatory requirements in the Netherlands and across Europe will help to clear the field of those who chose not to operate with transparency and will help to heighten the reputation, responsibility, and integrity of the industry. BUX Crypto will be located at BUX headquarters in Amsterdam.
Said Nick Bortot, CEO & Founder, BUX, said:
“BUX users have long expressed interest in investing in cryptocurrency, and we have been presented with an opportunity to bring on a committed and enthusiastic team that aligns clearly with our mission at BUX. This mission is to help young Europeans do more with their money. “With BUX Zero and BUX X firmly positioned in Europe as the place to invest and trade, taking on a fully established cryptocurrency partner that can deliver the experience that our BUX users have come to expect a natural fit for us.”
Said Sebastiaan Lichter, Founder & Chief Product, Blockport, said:
“We want our community to know that this partnership will lead to bigger and more exciting features in the future and that they can look forward to an enhanced version of the platform that they have already come to love.”
Said Kai Bennink, Founder & Chief Strategy, Blockport, said:
“Blockport was always a community-driven platform, and as we start a new chapter, we are excited to be joining a company that values and upholds the in-app community as a centerpiece.”
Main image picture credits: BUX
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