Singapore-based Bitcoin brokerage Coin Republic acquired by Mexico's meBXT

Singapore-based Bitcoin brokerage Coin Republic acquired by Mexico's meBXT

Visual of meXBT site, August 2015

Singapore-based Bitcoin (BTC) brokerage Coin Republic has been acquired by Mexican firm meXBT, in order to increase its market share and as a foundation for establishing payment solutions using blockchain technology between Asia and Mexico. Financial details of the deal have not been disclosed.

Commenting on the acquisition, David Moskowitz, the founder and the principal of Coin Republic said: “When we saw the business plan and objectives of expansion in Asia that meXBT had, we immediately found similarities and saw the benefit all our customers.”

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