Ronexbit acquired Portuguese cryptocurrency exchange
The exchange company Ronexbit acquired Portugal’s regulated cryptocurrency exchange as a first step toward expansion in Europe.
Portugal’s central bank has not yet approved the deal, but Ronexbit expects it to happen in the coming months. The amount of the deal, as well as the size of the acquired stake, was not disclosed.
The Portuguese market is strategically important for us because it is more difficult to get a license there. It gives us an important competitive advantage. And if we get it, it opens the way to the rest of Europe.
Initially Ronexbit will offer OTC trading in Portugal, and later it plans to add services for retail and institutional clients.