European investment platform Bux announced on Thursday it has acquired Blockport, a social cryptocurrency investment platform based in Amsterdam. Bux reported that the acquisition will further expand its service offerings and will continue to drive its mission to become a single designation for young investors in Europe.
Blockport will notably be rebranded to BUX Crypto and will be fully integrated under the BUX brand. The rebranded platform is currently being tested with a pool of clients and will launch in Q1 of 2020. Speaking about the acquisition, Sebastiaan Lichter, Founder & Chief Product, Blockport, stated:
“We want our community to know that this partnership will lead to bigger and more exciting features in the future and that they can look forward to an enhanced version of the platform that they have already come to love.”
BUX Crypto is set to be registered with the Dutch Central Bank (DNB) as a cryptocurrency services provider. Additionally, BUX welcomes the new regulatory requirements in the Netherlands and across Europe. Bux noted:
“These regulations will help to clear the field of those who chose not to operate with transparency and will help to heighten the reputation, responsibility and integrity of the industry. Ultimately, this creates a safer space for users to invest and will lead to wider adoption of cryptocurrencies.”
BUX Crypto will be located at BUX headquarters in Amsterdam.