Today, Vogogo announced a signed contract between BitMEX, a bitcoin mercantile exchange for professional investors, and QuadrigaCX, a leading Canadian Bitcoin exchange. It’s expected that both exchanges will integrate with Vogogo’s payment processing and risk management platform enabling each to offer users transactions between Bitcoin and fiat currencies in the US and Canada, with the EU expected in Q1, 2015. Vogogo is a TSX Venture Exchange payment services company with integrated risk management and compliance.
“Integrating cutting edge Crypto exchanges such as QuadrigaCX and BitMEX is another significant step in our established growth strategy. It is also another validation of the value new and innovative Crypto exchanges are placing in the Vogogo platform to help them access and transact seamlessly with traditional banking networks.” – Geoff Gordon, CEO of Vogogo
The Hong Kong-based BitMEX is the only centrally cleared Bitcoin derivatives exchange and is one of the world’s most advanced Bitcoin derivatives platforms, offering commercial hedgers, miners, traders and investors the ability to exchange Bitcoin risk. Partnering with Vogogo will allow BitMEX to offer fiat margined contracts, and expand the sophistication and breadth of their products.
“I look forward to working with Vogogo and integrating their innovative payment solutions with the QuadrigaCX Bitcoin trading platform. With Vogogo’s experience in processing payments for the cryptocurrency industry, I’m confident that their services will simplify and expedite the funding and withdrawal process for our clients.” – Gerald Cotten, Founder & CEO of QuadrigaCX
QuadrigaCX is the leading is the leading Canadian Bitcoin exchange, offering a highly sophisticated trading platform, as well as an online/offline merchant program. The majority of ATMs in Canada trade on QuadrigaCX and it was the first Bitcoin exchange in North America to obtain a Money Services Business (MSB) license.
What do you think of the new partnership? Comment below!
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