Safello buys P2P crypto futures bourse

Sweden’s Safello has bought assets of peer-to-peer crypto futures exchange ICBIT, which was founded in 2011 and has over 12,000 customers and 11.6 million orders submitted.

“The acquisition is linked to Safello’s recently relaunched platform that serves as the foundation for integrating the ICBIT technology,” it said in a statement.

As part of the acquisition ICBIT Founder and CEO Aleksey Bragin has joined Safello as Chief Technology Officer to oversee the integration of the technology as well as to further the development of Safello’s platform and services.

Safello successfully completed its second crowdfunding round in Q3 2016 where participants joined an A-list of existing investors including the Digital Currency Group, Erik Voorhees, Roger Ver and Nicolas Cary.