According to latest reports, The Vanbex Group, a leading digital currency and blockchain professional services firm, has entered into a strategic partnership with Shanghai Blockchain Network Technology Co. Ltd., the parent company of Chinese cryptocurrency exchange 19800.com, CHAIN-FINANCE reported.

Officially launched in March this year, 19800.com already has over 20,000 registered users with an average daily trading volume of more than US $1.5 million, according to the exchange operator.

“With their lineup of online products, blockchain-based products and services, 19800.com is already a highly active player in the market and we believe it’s only a short time before they are global leaders within the industry”, Kevin Hobbs, Vanbex Group director, said.

This follows the recently announced partnership between Vanbex Group and d10e, which is going to host a two day blockchain-related event in San Francisco on July 19-20. Shanghai Blockchain will be sponsoring the conference with the help of Vanbex Group, providing virtual reality (VR) technology developed by Time Technologies (Canada), an affiliated partner of Shanghai Blockchain.

“We have confidence that the Vanbex Group is the right company to help us expand our trading platform 19800.com as well as our other venture opportunities into the North American market”, said Weitao Li, GM of Shanghai Blockchain Technology Network.

After securing US $5 million in funding last year, Shanghai Blockchain, a China-based blockchain technology company, has focused on digital assets, research and development and its trading platform, 19800.com.

Established in 2013, The Vanbex Group specializes in business development, product marketing, and communications for decentralized technology, cryptocurrency, and blockchain. It partnered with a Washington-based bitcoin hardware wallet provider KeepKey in February to build brand awareness and showcase the premium product to consumers everywhere.