Companies offering Bitcoin financial services to customers all around the world are expanding their services to appeal to as many people as humanly possible. In the Bitcoin ecosystem, there are quite a few of those companies around, but Magnr – formerly known as BTC.sx – might be one of the frontrunners. The company’s new “Project Kodo” blockchain idea could be of particular interest to quite a few people.
Magnr’s “Project Kodo” Overseen by Colin Kwan
There is quite some behind-the-scenes activity going on at Magnr, a company best-known for their Bitcoin trade margin loans feature. Very few people are aware of Magnr’s second service, which focuses on interest-bearing Bitcoin wallets. Interest being paid out to these users is generated by the trading platform’s revenue.
Internally, there has been a recent shuffling of positions, as Colin Kwan has switched rules from COO to CEO. Former Magnr CEO Joe Lee has stepped down and will now fulfill the role of chief innovation officer. Magnr users will feel no effect because of this managerial change, as there are no drastic changes expected at this time.
It is interesting to note that Magnr’s Bitcoin derivative