ANX Shares Trading Technology with Bit-X Financial, User Migration to Follow

Hong Kong-based digital currency Exchange , ANX, is sharing its trading technology with Vancouver-based Bit-X Financial.

ANX currently supports Bitcoin , litecoin, dogecoin, ripple and stellar trading with several types of fiat currency. Bit-X will adapt the trading functionality and combine the payment processing services of Vogogo, which is used by other bitcoin exchanges.

ANX says that its over 19,750 North American users will migrate over to the new platform on Bit-X within 60 days.

Bit-X is publicly traded on the OTC markets, becoming one of several bitcoin companies to become publicly listed following reverse mergers with shell companies. The entity was formerly Rainchief Energy Inc., which "engaged in the identification, evaluation and financing the development of energy projects in New Mexico, United States." Its shares trade at $0.25 apiece, giving the entity a market cap of $20.1 million.

Finance Magnates has contacted ANX for more details on the current business interests of Bit-X.

ANX has sought to make inroads into the North American bitcoin trading market. Earlier this year, it acquired branding rights to US-based CoinMKT, which has since become the subject of involvement in bitcoin-related fraud charges against federal law enforcement agents.