![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 22, 2017 12:13:53 PM
https://siliconangle.com/blog/2015/01/27/anx-acquires-bitcoin-exchange-coinmkt-for-us-expansion/
Bitcoin services company ANXBTC.COM (ANX) has acquired Santa Monica-based cryptocurrency exchange West Orange Labs, Inc (CoinMKT) for an undisclosed amount.
CoinMKT opened its doors in 2013 and bills itself as being “positioned to be the leading exchange for cryptocurrency in the United States.” The firms goals are to offer a “safe, reliable place to buy and sell cryptocurrency that you trust.”
Hong Kong based ANX offers similar services to the CoinMKT but with a focus on Asia. It aims to lower “the barriers to Bitcoins and other crypto currencies adoption by increasing ways for consumers to acquire and access crypto currencies.” ANX’s credits include introducing the world’s first physical Bitcoin Retail store and the world’s first Bitcoin debit card.
The acquisition is said to be aimed at expanding ANX into new territories, with COO David Chapman telling e27.com that the acquisition would strengthen its footprint in the Americas, and that it plans to offer local bank transfers and MTB licenses throughout the United States.
CoinMKT will continue to operate under the same brand, with ANX the parent company and ANX technology powering its exchange.
This is the second acquisition in three months for ANX, which acquired European Bitcoin exchange JUSTCOIN.COM in November.
The move by ANX comes at a time of increased interest in Bitcoin exchange services in the United States, including Coinbase Inc. opening (what they claim to be) the first licensed Bitcoin exchange January 26th, with the Winklevoss Twins not far off from providing a similar offering.
Notably CoinMKT holds a Money Services Business license with the Federal Financial Crimes Enforcement Network.
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM