BUX Acquires Blockport Crypto Platform
BUX has acquired Blockport, a European crypto investment platform. Blockport will 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.
“BUX users have long expressed interest in investing in cryptocurrency and we have been presented with an opportunity to bring on a committed and enthusiastic team that aligns clearly with our mission at BUX. This mission is to help young Europeans do more with their money,” said Nick Bortot, CEO & Founder, BUX. “With BUX Zero and BUX X firmly positioned in Europe as the place to invest and trade, taking on a fully established cryptocurrency partner that can deliver the experience that our BUX users have come to expect was a natural fit for us.”
The founders and core team members of Blockport will join BUX and take ownership of the crypto offering. BUX Crypto will be available to users across all 9 European countries where BUX is currently active. Users will be able to access a variety of financial assets and markets, including Bitcoin, Ethereum and XRP.
BUX is a social investment platform and with Blockport, having built a community around the same concept of community-powered investing, BUX Crypto will follow that same path as an extension of the BUX community.