CEX.IO Opens Bitcoin Exchange to US Market

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Bitcoin exchange CEX.IO has expanded its operations to the US enabling customers in 23 states to deposit and withdraw fiat currency. Citing Coinbase as its main competitor stateside, Helga Danova, chief editor at CEX.IO said that she was confident that they could become a “great alternative for US citizens and broaden the possibilities of buying bitcoin and trading other cryptocurrencies”. The US launch comes amid a continued pivot away from mining services. The company halted its cloud mining operations in January citing bitcoin’s declining price as a motivating factor. Danova noted that the mining cease was a temporary measure, as the company looked to focus on developing its exchange. “We’ve been developing in this direction for a long time”, she said, adding: “CEX.IO has always been a bitcoin exchange. Even though our key advantage was cloud mining, we have offered trading of the cloud mining power for bitcoins and other cryptocurrencies.” In order to access the exchange, consumers in the approved US states and jurisdictions will have to adhere to CEX.IO compliance procedures, based on know-your-customer (KYC) and anti-money laundering (AML) standards. To register, traders must provide a form of identification, such as a national ID card or passport.   Sign Up Today …

Bitcoin ATMs

QuadrigaCX to Install Bitcoin ATMs All Over Canada

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QuadrigaCX, the leading bitcoin exchange in Canada, is planning to install a large amount of SumoPro two-way bitcoin ATMs, manufactured byBitXatm in major cities across the country. In 2014, the largest Canadian bitcoin exchange back then (CAVIRTEX) attempted this feat by using ATMs manufactured by BitAccess, installing them in locations with a high amount of traffic by cooperating with Gateway Newstands, a franchise store. One notable location where one of these ATMs could be found is the famous tourist attraction, Niagara Falls. However, it was quickly removed in less than a month, and a similar fate faced the other ATMs installed in places like Toronto and Ottawa, which led to the company’s eventual bankruptcy. Even though the locations gave these ATMs a large visibility, their failure has been attributed to the fact that they were inadequately staffed and prone to malfunction, with little to no customer and technical support. A year later, QuadrigaCX, a company that has since taken over CAVIRTEX’s spot of largest Canadian bitcoin exchange, takes on this challenge and explains that their plan will be different, and that its fate will also be different. “We are excited to finally be bringing some functional and beautiful two-way bitcoin ATM machines to Canada,” …