Multi-fiat Exchange Launches After $1.5 Million Investment

A new Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange, Cayman Islands-based Bitt, has launched following a $1.5 million injection from Avatar Capital.

According to Bloomberg, Avatar Capital is based in New York and "invests in commodity contracts, tax liens, venture capital companies, and other miscellaneous investing."

The exchange says to employ an HD multisig wallet system, keeping 95% of bitcoins offline. Bitcoins can be traded with twelve types of fiat: USD, GBP, EUR, AUD, SGD, JPY, HKD, CHF, NOK, TTD, BBD and JMD.

Bitt is powered by AlphaPoint's trading software.

As we are seeing with several new exchanges, part and parcel with the trading offering are remittance and merchant integration services, which can Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the exchange's order book for conversions.

Trading fees are dependent on the user's rolling 30-day rolling volume, ranging from 0.18% to 0.49%. Deposits and withdrawals are free.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.