meXBT, a bitcoin exchange based in Mexico, recently expanded its operations to Singapore and even acquired local bitcoin brokerage CoinRepublic. The Mexican company has plans to further expand its reach in the Asia-Pacific marketplace.
With its acquisition of CoinRepublic, the most respected and established bitcoin brokerage in Singapore, meXBT can be able to benefit from a large network of local banks, bitcoin exchanges and financial institutions. This will enable meXBT to enter the Singaporean market with ease and establish itself as a major bitcoin exchange in the country.
Bitcoin Exchange in Asia
“CoinRepublic is a highly respected brand in the Asian market, and acquiring their business and brand gives us access to participate in one of the most developed markets in terms of financial innovation; establishing meXBT in Asia,” said Gabriel Miron, founder and CEO of meXBT. “We see this as a first step to allowing highly efficient payments cross-border between Asia and Mexico.”
Asia has been home to a growing number of bitcoin startups and widening adoption of cryptocurrency payments. In several countries such as the Philippines and