Following Binance’s move to Malta, the small island nation’s Bitcoin reputation has exploded, and it has rapidly become the crypto capital of the world – certainly in terms of trading volume and revenue. BitBay – one of the leading European exchanges – has also moved to Malta following tougher regulations from the Polish government; much the same as the reason for Binance’s move. Now, BitBay have teamed up with German blockchain equity fundraising firm Neufund to create the country’s first fluid exchange system. Customers will be able to swap crypto for fiat and vice versa, with the partnership offering investors the chance to buy and sell equity tokens with fiat.
Zoe Adamovicz, Neufund’s CEO, told CCN:
“This will be the first crypto secondary market trading tokenized securities against fiat currencies. We are very keen to start the partnership with Bitbay since it will offer clients a really easy way to purchase and sell cryptocurrencies using fiat currency. It appears that Bitbay are all set to accept a wide range of payments and withdrawal options including bank transfers, Paypal and other similar methods so the transactions should be quite smooth. Hopefully, this will start bringing cryptocurrencies to the masses and will really kick off the global revolution with Malta on the frontline of it.”
Meanwhile, Paweł Sobków, the CEO of Bitbay’s operator, Pinewood, was quoted on the Neufund blog site as saying:
“Our partnership with Neufund aims to bring security tokens to BitBay’s everyday operations in a fully compliant and regulated way. We are proud to be on the frontline of implementing equity tokens into 24/7 crypto trading systems.”
This is not Neufund’s first foray into the Maltese market. Just recently, the firm announced another partnership – this time with Malta Stock Exchange subsidiary MSX – with the aim of creating a fully-regulated, diverse exchange offering both crypto and traditional trading. The exchange will be developed in partnership with Binance.
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