Safello acquires futures trading platform ICBIT

Investing | October 25, 2016 By:

Safello has announced the asset acquisition of BT Technology Inc., including the ICBIT futures exchange platform.

The acquisition is linked to Safello’s recently relaunched platform that serves as the foundation for integrating the ICBIT technology. Among other improvements, it features a redesigned buy and sell process built from the ground up.

As part of the acquisition ICBIT Founder and CEO Aleksey Bragin has joined Safello as Chief Technology Officer to oversee the integration of the technology as well as to further the development of Safello’s platform and services.

“In Safello we found a partner and a home for our technology. I am very excited to bring our expertise to Safello and continue development of our platform under the Safello brand. I am confident in Safello becoming a global leader in the blockchain and cryptocurrency market,” said Bragin.

Safello is a Sweden-based bitcoin exchange.