Bitcoin exchange platform provider Atlas ATS is expanding to Europe, partnering with Spain-based Recol Pro, a Bitcoin ATM and exchange provider.
The partnership forms its latest offering, Atlas ATS Europe. The new venture seeks to provide a local trading platform, a multi-signature wallet and a Bitcoin ATM network, all intertwined. Ignacio Ozcariz, Recol CEO, comments:
“Recol is positioning itself to be a global operator in the Bitcoin ecosystem and Atlas ATS Europe is a key part of that strategy. In order for Bitcoin and other digital currencies to gain wide acceptance, customers need trusted financial firms to offer them three key components–a trading platform to buy and sell digital currency, a secure wallet to store digital currency, and an ATM network through which customers can access their accounts and convert their digital currency into local currency when they need to. Atlas ATS Europe is going to be part of the most complete, most convenient digital currency service around.”
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The move comes as Atlas seeks to gain a foothold in multiple markets worldwide, often through partnering with local Bitcoin ventures. Two weeks ago, Atlas partnered with Chinese Bitcoin ATM company BitOcean in a bid to launch a yen-based Bitcoin exchange in Japan.
Atlas ATS also has a presence in Canada and Hong Kong.
Despite its multi-region presence, all order books are be linked to each other, allowing for a greater liquidity pool. This differs from the expansion approach taken by Chinese exchanges such as BTC China, whose order books will remain distinct. With Atlas ATS, clients will be able to use their choice of fiat denomination even if it isn’t their local one.