04 September, 2018
Bittrex, one of the leading crypto trading platforms, has pumped money into Malta-based Palladium.
According to the available data, the exchange ranks 18 among the trading platforms (in terms of crypto trade volume). Bittrex has reportedly acquired 10% stake in the Maltese blockchain company.
It was reported a month ago that Palladium in tandem with Bittrex and Unikrn planned to offer tokens for $150 million via ICCO. For reference, the startup date was slated for July 25 2018.
Palladium representative stated that they target the status of the first regulated service covering fiats, banking and payments in cryptos. As the company chairman told local media, they are glad to see approval from the Maltese authorities for joining the global race, which only confirms intentions of the island to be in the blockchain lead.
Besides, Bittrex reported about the greenlight for ICCO from the Maltese Financial Services Authority. The project is developed in line with the EU regulation.
Notably, investors that took part in the ICCO can exchange tokens into shares, but only after three years from the issue date.