Brazilian bitcoin exchange Foxbit looks to grow with the acquisition of Bitinvest
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Brazilian bitcoin exchange Foxbit looks to grow with the acquisition of Bitinvest

THELOGICALINDIAN - In an accretion accord admired lessthan1 actor Brazilian bitcoinexchangeFoxbit has acquired Bitinvest which is an barter and acquittal processing company

Bitinvest is additionally amid in Brazil, and with the accretion Foxbit looks to abound their chump abject in the arena and strengthen their business.

The Bitinvest website has already been afflicted to absolute all users to Foxbit. If you are a Bitinvest customer, your annual will be migrated to a Foxbit account, preserving all annual balances.

FoxBit lets people buy and advertise bitcoins using their online barter trading platform. Users can armamentarium their accounts with a absolute coffer alteration (TED, DOC) application the Brazilian Real (BRL). Once a user is absolute they can activate to buy or sell. FoxBit is accessible antecedent and a white characterization exchange in affiliation with BlinkTrade.

Foxbit arch blockchain administrator João Paulo Oliveira told CoinDesk he expects added acquisitions as the Brazilian bazaar matures. Oliveira said,

Currently in the Brazilian market, there are a few added bitcoin exchanges confined the arena such as CoinBR, FlowBTC, Basebit, Bitcoin To You, and Mercado Bitcoin.