Swedish Exchange Safello Acquires Bitcoin.se
- The educational platfotm will help Safello increase profitability and grow its customer base.
- This is the latest major announcement coming from the Safello team ahead of the upcoming Nasdaq listing in Q2 2021.
Shutterstock
The acquisition comes after a successful collaboration period between the two entities, where Bitcoin.se used Safello’s Partner Widget product. The educational platform brought over a sizeable amount of trading volume to Safello, generating a significant part of Safello’s turnover in the past six months.
According to the company’s press release, Safello expects the acquisition will increase the company’s profitability and enable it to acquire new customers. David Hedqvist, founder of Bitcoin.se and board member of the Swedish Bitcoin Association, will remain as the editor-in-chief and active contributor of the platform.
“After 9 years as a one-man project I felt that Bitcoin.se deserved to be taken to the next level, but it was important to me that it was done in a way that didn’t compromise on its core values,” he said in the company’s press release.
Acquiring Bitcoin.se is part of Safello’s plans to get listed on the Nasdaq First North Growth Market in Q2 2021. Earlier this year, the exchange announced a strategic partnership with Klarna, a Swedish payment solution company, and added several new senior executives.
- Acquiring a majority stake in the GOPAX crypto exchange will allow Binance to re-enter the South Korean market, two years after it left.
- The funds for the acquisition came from Binance’s Industry Recovery Initiative, and will be used to enable customer withdrawals and interest payments on GOPAX.
Binance CEO Changpeng Zhao. CoinDesk
- Bankrupt crypto lender Voyager Digital has received an initial approval from the bankruptcy court to sell its assets to Binance.US for a little over $1 billion.
- The deal, however, still requires approval from a majority of Voyager’s creditors, and is subject to another confirmation hearing scheduled for March.
- The U.S. arm of the largest exchange in the world, Binance, has agreed to buy the assets of Voyager Digital for $1.022 billion.
- The bankrupt crypto lender had agreed to sell its assets for $1.4 billion to FTX.US, but that deal fell apart when the exchange filed for Chapter 11 bankruptcy in November.