The American bitcoin exchange Bitlatery has acquired the startup Interchange, which allows institutional investors to more effectively manage their cryptocurrency portfolios.
For example, the Interchange toolkit allows cryptocurrency hedge funds, asset managers and other large investors to maintain accounting records, as well as to reconcile financial statements for completed transactions.
The founders of the startup are entrepreneurs Dan Held, a former director of the Blockchain company, and Clark Moody, the creator of the RTBTC trading platform. Now they will be part of the top management of Bitlatery.
Representatives of the exchange claim that with the purchase of Interchange, the platform became the first in the world to provide all the services necessary for trading and financial reporting.
Note that at the time of the acquisition, Interchange already had over 60 institutional clients, including hedge funds.
Recall that in early 2017, Bitlatery acquired a service for monitoring the prices of cryptocurrencies and the state of the market Cryptowatch.
In early 2019, the exchange bought a platform for trading cryptocurrency derivatives Crypto Facilities, after which the trading volume on it increased by 500% in just a month.
This summer, the exchange acquired a startup Cryptofinance.ai, which collects market data and blockchain analytics in Google tables.