BTC.sx Receives Largest Seedcoin Fund Investment: Virtual Incubator Finances the First Bitcoin-Only Derivative Trading Platform
New York, NY, April 1, 2014
), the world's first and exclusive platform for trading Bitcoin-only derivatives, announces its acceptance of the largest Seedcoin Fund
investment: A BTC500 stake from the premier Bitcoin virtual incubator of its kind, Seedcoin funds the future leaders of the digital currency economy.
Seedcoin provides guidance to entrepreneurs throughout the globe, supporting products and services – such as exchanges, payment gateways, trading platforms, applications, wallets and mobile technology – during the key stages of each company's development.
The position in BTC.sx, which has brokered more than $44 million in trades since its inception in April 2013, is the sixth Bitcoin-denominated investment from Seedcoin Fund I. The other five businesses are Cryptopay
and zSIM (currently in stealth mode).
"This investment by the Seedcoin Fund is a testament to the proven growth – and validation among our users – for the distinctive platform BTC.sx offers. Our double-digit expansion in transactions further underscores this point: That we have a secure, reliable, fast and transparent means of facilitating Bitcoin-only trading of derivatives. We welcome this relationship with Seedcoin, and look forward to a profitable relationship between BTC.sx and Seedcoin, says Joseph Lee, Cofounder and CEO of BTC.sx
“Seedcoin is proud to support BTC.sx and its talented team of professionals. This investment represents the most significant financial commitment, to date, by the Seedcoin Fund. In fact, this opportunity gives Seedcoin a substantial position in the most reputable, popular and advanced derivative trading platform for Bitcoin. We congratulate BTC.sx on their continued success and the global respect they have earned among Bitcoin traders,” says Eddy Travia, Cofounder and Chief Startup Officer of Seedcoin.
Seedcoin incubates early stage startups around the world, building the cryptocurrency ecosystem. By enabling fast-growing enterprises to adapt to an increasingly dynamic environment faced with quick changes in regulation and competition, Seedcoin attracts Bitcoin entrepreneurs with the skills and vision to overcome these specific challenges. For more information about Seedcoin, please visit www.seedco.in
With offices in New York City, London and Singapore, BTC.sx has an innovative, intuitive and proprietary platform that allows users to easily trade Bitcoin derivatives. This flexible resource permits long and short positions, Bitcoin hedging (to prevent losses from a drop in the price of Bitcoin), automatic liquidation and stops for convenient position management, and no complex margin maintenance requirements. For more information about BTC.sx, please visit www.btc.sx