Vancouver-based Bit-X Financial Corp (OTCQB: BITXF) and its 100% owned Bitcoin exchange DIGATRADE™ have announced a management shakeup which will see appointment of Mr. Nikita Oraevskiy to the Board of Directors and also as the Company’s Chief Strategic Analyst.
Nikita will be working on potential income generating acquisitions, apart from leveraging the Company’s core systems and technologies. He will also be responsible for providing financial projection modeling and forecasting earnings for the Company.
Bit-X Financial Corp has already shortlisted probable acquisitions and Nikita will analyze the strategic parts of the deal. The announcement said,
“The short term objective is to enhance both top and bottom line value and to deliver growth opportunities to Bit-X, DigaTrade, and its investment partners.”
Bitcoin exchange DigaTrade had earlier announced that it is in the process of enhancing the functionality and implementation of additional features of its Bitcoin trading platform. At that time, the Company also reported that it is looking at a prospective synergistic acquisition target since the launch of its trading platform on June 29.
Other than Nikita’s appointment, the Company appointed Brad Moynes as the Chief Executive Officer of both Bit-X Financial Corp and Digatrade.com. Mr. Paul Heney will remain as the Chairman of the board and will continue to provide his expertise in international business law, securities law, and corporate finance.
ABOUT BIT-X FINANCIAL CORP:
Bit-X Financial Corp is a Vancouver-based company which owns and operates a Bitcoin exchange and internet financial services company; DIGATRADE™. BITXF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission “BCSC” and in the United States with the Securities Exchange Commission “SEC”.
On July 9, 2015, the Company enabled Canadian based customer deposits via eCheck, following its partnership with payment processor Vogogo.