Bitcoin Exchange Vaurum Backed By Tim Draper Changes Vision and Rebrands As Mirror

Journalist:
November 13, 2014

Tim Draper, the bitcoin mogul who’s famed for buying the confiscated Silk Road bitcoins from the U.S. Federal Government, backed a bitcoin exchange called Vaurum with plans to move forward with the bitcoin business. However, on Vaurum’s third birthday the company decided to rebrand as “Mirror” as a bitcoin exchange and shift their focus.

“Since we started out, we graduated as the first bitcoin company out of Boost’s accelerator, attracted a cap table of value-add investors, built a platform to service institutional customers around the world via API, website, and trading desk, facilitated one of the largest bitcoin transactions, brought on influential advisors and assembled a team of blockchain experts to help us shape the industry.”

The company went on during their blog to talk about their vision that evolved along with their history. Mirror seeks to create a mirror financial system, integrating what they believe to be the best of the old world with the best of the new.

Also Read: Good Bye Silk Road 2.0, Welcome Silk Road 3.0

Transition Into The New Bitcoin Exchange Mirror

Due to the rebrand, Vaurum plans to consolidate their properties and moving to mirrorx.com

“In addition to our escrow exchange for institutional traders, we are leveraging new technological capabilities in Bitcoin to offer to more advanced services for risk management, hedging, and other financial products — not just for Bitcoin but for traditional financial assets as well.”

Mirror plans to invite new members and partners to the exchange. The framework for the bitcoin exchange will be marked by revealing additional products and services in the following months.

The exchange is invitation-only at the moment, much like Circle, but is allowing sign ups to request access. It is still unknown when the exchange will go public, as the rebrand only recently occurred. What are your thoughts?

Images from Shutterstock.

Last modified (UTC): November 13, 2014 06:36

Clay Michael Gillespie @thelivingaspect

Clay Gillespie a writer and reporter for many different platforms across the tech industry. He holds a B.S. in Public Relations from Ball State University, and freelances for different clients in technology and cryptocurrency. For more information, visit his personal website, claygillespie.com.