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A brokerage platform based in Amsterdam, BUX has initiated virtual currency trading subsequent to the acquisition of a defunct exchange.
The company formally declared BUX Crypto, which is a cryptocurrency trading platform presenting a commission-free fee structure for a limited time, in a company statement issued on 8th April.
At the beginning of the year, BUX acquired the non-operational Bitcoin exchange, Blockport. Notably, after running out of working capital, Blockport announced bankruptcy in a court in Amsterdam in May 2019.
It is to be noted that the aforementioned acquisition has opened up the doors for the brokerage platform to commence offering digital assets and tokens to European traders, pending regulatory consent by De Nederlandsche Bank, the Dutch central bank.
Nick Bortot, CEO and founder at BUX, mentioned in a statement,
“We have been developing apps that fit the needs of a new generation of investors. We see BUX Crypto as a natural extension of our current lineup … for even the newest investor to get into the financial markets.”
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