Crypto exchange EXMO and Canada's GoverMedia Plus Canada Corp reportedly signed a letter of intent (LOI) under which the latter will be able to negotiate the acquisition of the trading platform within the 180-day period. If the parties eventually sign a sale-purchase contract, EXMO brand will be retained and the exchange will be listed on the Canadian Stock Exchange.
"Pursuant to the LOI, the parties have agreed to use their best efforts to formulate a structure for the proposed transaction that is envisioned to comply with all necessary legal and regulatory requirements and be as cost-effective as possible," reads the company report.
Roland J. Bopp, CEO at GoverMedia Plus Canada Corp, said that with this merger, the number of active users may exceed 2 million, which will definitely boost both operating and financial performance of the company. Moreover, he added, this will provide firm background for further business expansion "European, North American and Asian markets".
"We are very excited about this partnership because it provides us deeper insights for decision-making purposes and brings our clients the best infrastructure and maximum security," commented Sergey Zhdanov, CEO of EXMO.
EXMO believes that this cooperation will help the platform to become "the most credible and reliable business in the crypto market".
14 November, 2018 13:12← Chinese crypto miners reportedly off power line
Chinese Miners in Xinjiang and Guizhou have suspended operations for the state tax and registration checks. Crypto mining companies in these provinces were disconnected from the power grid beginning from November 5. As a result, these measures caused 1 million production capacity loss per day during the inspection period. The authorities and law enforcement bodies checked the tax reports, assets and other information, with a strong focus on crypto miners. It is unknown whether crypto miners are reconnected to the power grid
13 November, 2018 16:13Bitfinex lists Chain Split tokens on upcoming hardfork →
Hong Kong-based Bitfinex exchange is going to launch trading of the tokens resulting from the upcoming Bitcoin Cash hardfork. The platform has listed Chain Split token for the hardfork implementations – ABC and SV, that may appear on November 15. According to the released information, the exchange will offer trading BAB (ABC implementation) and BSV (SV implementation) vs USD and BTC. Users can convert their BCH into these tokens via Token Manager. Notably, the marginal trading will be unavailable.