itBit has raised USD3.25mil to back a new institutional-level global Bitcoin exchange.
According to Forex Magnates, the financial startup has revealed it aims to offer “professional exchange levels of reliability, liquidity and regulatory compliance”, traits that other Bitcoin exchanges lack.
The new exchange based in Singapore will employ NASDAQ technology and is hosted by Amazon and Microsoft Cloud, initiatives that will help itBit manage high trading volume and maximise capacity. It will also monitor suspicious activity using software by Thomson Reuters and Jumio.
Not only will itBit accept both institutional and retail investors, it’s also planning to allow use of Bitcoin wallet so clients can access their Bitcoin directly via the itBit platform.
Photo: AFP
Source: Forex Magnates
