meXBT, a leading Mexico-based bitcoin exchange, has acquired CoinRepublic, one of the most reputable bitcoin brokerage in Singapore in its efforts to expand throughout the Asia-Pacific region.
meBXT will now benefit from the networks of the Singapore-based exchange which includes local banks, exchanges and financial institutions. Moreover, the already existing customer base and strong footing of CoinRepublic in the market will help Mexican exchange to enter the region with ease.
"I am very excited," Gabriel Miron, founder and CEO of meXBT told Bitcoin Magazine. "CoinRepublic is a highly respected brand in the Asian market, and acquiring their business and brand gives us access to participate in one of the most developed markets in terms of financial innovation; establishing meXBT in Asia. We see this as a first step to allowing highly efficient payments cross-border between Asia and Mexico."
On the other hand, CoinRepublic users will now have access to meXBT's better trading rates, real-time data and other exclusive features of the exchange.
