Vancouver, Canada-based bitcoin exchange platform Bex.io has reportedly received $525,000 in venture capital from CrossPacific Capital Partners, in addition to Brian Cartmell, and Ryan Holmes (founder of Hootsuite).
The news comes after Play and Boast Capital threw in some funding recently.
The Bex.io platform is essentially the “back-end” technology required to operate a bitcoin exchange. A prospective exchange will sign up, build their exchange on the Bex platform, and split the fees. It’s a great concept, given exchange operators will not need to build their own trading system.
The funds, as one would guess, will be used to improve the start-up in a number of facets while it is in private beta. The company is allowing those interested in participating to submit their email address for consideration. (via CoinDesk)