Bux acquires ‘social’ cryptocurrency investment platform Blockport – TechCrunch

Bux, the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European “social” cryptocurrency investment platform Blockport.

Terms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed “BUX Crypto,” it will be available in the 9 countries Bux operates in and is planned to go live in Q1 this year.

In addition, we are told the founders and core team members of Blockport will join Bux and “take ownership” of the Bux cryptocurrency offering.

Once launched, BUX Crypto users will be able to access a variety of financial assets and markets, including Bitcoin, Ethereum and XRP. The Blockport Token will also be rebranded to the BUX Token.

“This will remain integrated in the platform and will also keep its trading discount function, which offers users a discount on trading fees,,” says Bux. Users will also be able to use the BUX Token in…