Hong Kong Exchange ANX Chases US Market with CoinMKT Acquisition

Jon Southurst
Jan 27, 2015 at 09:31 UTC
Updated Jan 27, 2015 at 13:10 UTC
NEWSINBRIEF

Hong Kong-based bitcoin exchange ANX has commenced a push into the US market with its acquisition of the domain name and brand rights to CoinMKT.com.

The CoinMKT exchange, founded by Travis Skweres and Ola Ajayi in Santa Monica, California, will continue to operate as usual, under the ANX umbrella and using ANX technology. The founders will be helping with the transition.

ANX COO Dave Chapman said another business relationship currently being put in place will also provide the exchange with access to vital money transmission business (MTB) licenses and banking relationships throughout North America. Further details were not available at this time.

ANX recently acquired and relaunched the troubled Norwegian exchange Justcoin, giving it a new foothold in the European market while maintaining the original brand.

CoinMKT trades in bitcoin and a number of other cryptocurrencies including litecoin, dogecoin, and peercoin.

 

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.