RATE Group | Cryptocurrency Exchange Platform Bittrex Invests in Palladium
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Cryptocurrency Exchange Platform Bittrex Invests in Palladium

04 Sep Cryptocurrency Exchange Platform Bittrex Invests in Palladium

Posted at 02:12h in Cryptocurrency News by

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Bittrex, a US-based cryptocurrency exchange platform, has announced its investment in Palladium, a blockchain firm based in Malta. This investment is the latest in a series of partnerships and collaborations between the two companies. 

Details of the Investment Deal

According to the Times of Malta, the investment deal sees Bittrex buying up a ten percent stake in Palladium.

Bittrex now joins Unikrn and Investar Holdings as the other shareholders in the company. The former owns 15 percent while the latter, a holding company owned by Prof. Paolo Catalfamo, holds the remaining 85 percent.

Commenting on the investment deal, Palladium founder, Prof.  Catalfamo said:

We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology.

Bittrex-Palladium Partnership

The investment deal isn’t the first business transaction between both companies.

In July 2018,…

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