Netagio has launched an exchange for trading bitcoin, gold and GBP with one another.
The launch comes during a busy time and as a natural next step for Netagio. The high-security vault company recently celebrated their 1st anniversary. Earlier, they launched Bitcoin-for-gold purchasing capabilities, a one-of-kind offering that leverages their presence in both assets.
The exchange now lets users trade these assets with each other. Fees are based on a market maker-taker model, where those adding liquidity are rewarded with a portion of the fees paid by those removing liquidity from the market. Said Netagio’s CEO, Simon Hamblin:
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“We have been encouraged by the early and increasing appetite from retail customers and institutional investors. From our conversations, they clearly want to take advantage of the opportunities available from being able to trade between the asset classes on a single continuous exchange, any time of day or night. Concerned about the speed, cost and security implications of sending their transactions abroad, customers clearly wanted a British-based banking relationship, which we can now offer.”
The firm says that it maintains strict KYC and AML compliance policies. For the transfer of payments, it works with Capital International Group, which commented on the launch:
“We are delighted to be providing payment services, foreign exchange and treasury management services for Netagio’s exchange. We have always seen the potential of digital currencies and have been impressed not only with Netagio’s innovative mindset in launching this exchange, but their commitment to providing a robust and secure infrastructure and exceptionally high standards of compliance. By trading on the exchange, customers will benefit from faster wire transfer payments and also be able to make international payments from their Netagio accounts.”