Cryptocurrency news

Jay Biancamano: "digital assets will become part of any investment portfolio» exchange opens in Canada

Cryptocurrency exchange Bitjux officially starts work in Canada in partnership with payment operator Vogogo, recently received a large investment package. The San Francisco exchange will allow Canadian users to exchange Canadian dollars in cryptocurrencies using Interac e-Transfer and Electronic Fund Transfers (EFT).

Trading commissions will be from 0.1% to 0.35%, and more active traders will receive a discount on commissions.

Bitjux CEO Jesse Powell sees great prospects in the Canadian market. Canada is quite loyal to Bitcoin, although there have been reports that some Canadian banks refuse to work with cryptocurrency exchanges. Bitjux is active in conquering new markets – last fall they opened in Japan and added trade in sterling (GBP).

The Canadian cryptocurrency market has formed a niche after the two largest trading platforms in the country – Cavirtex and Vault of Satoshi – closed in early 2015. However, in April, the New York Exchange Coinsetter bought Cavirtex and plans to launch it again.

Bitjux is currently the leader in trading volumes for euros, although in dollars barely in the top ten. The total average daily trading volume is about 5000 BTC, which allows you to be on a par with such serious competitors as ANX and BTC-e.