OpenFinance goes to new owners
The modern cryptoindustry has long become a haven for huge capitals that are spent and invested in a variety of ways. For example, one of the largest digital exchanges in Gibraltar, INX, has announced its intention to acquire OpenFinance. Next, we’ll take a look at the details of this fateful deal for OpenFinance. Below we will highlight all the known details, as well as identify how the change in project owners will affect ordinary users and the industry as a whole. So let’s get started.
About participating companies
Let’s not argue that INX is not the most famous exchange for the European-American user. Still, the site works for a different audience, and therefore it is not surprising that many of our readers hear the name of this platform for the first time. However, the exchange is really interesting. At the moment, the site is regularly used by thousands of audience. Users exchange, buy, sell and study a wide variety of tokens presented within this platform. Active audience engagement and high trading rates allow INX to evolve holistically. With a focus on side projects.
It is obvious that the exchange wants to go beyond a specific goal and specific objectives. Most likely, there are plans to purchase several more resources. The functionality of which will be improved for the benefit and convenience of INX customers. But at the moment, trading is only around OpenFinance. The president of the exchange said that this American digital broker will be acquired by his company for about $ 70 million.
Specific amounts have yet to be established. This is a lengthy process, however, as noted by representatives of INX, the investment will fully pay off. In their opinion, a fast-growing market can be conquered only by finding and acquiring interesting projects. Actually, this is what INX does. Let’s consider the prospects for acquiring a new site. How will the future deal affect the industry and consumers in particular? The answer is in the next section.
Why selling OpenFinance is more important than it looks
The fact is that OpenFinance is one of the main American broker-dealers working with digital assets. The Chicago-based company covers virtually the entire United States and many other countries with its own operations. Millions of users use the services of this enterprise, the company develops the industry and makes our work easier. Of course, for all this, a separate, unique and uniquely effective functionality is used. The latter completely passes into the hands of INX, now the exchange will receive many new technologies. Thus, INX has every chance to compete with larger and more established platforms like Binance and Bitfinex.
At the moment, it is known for sure that now the INX jurisdiction is a new platform developed for the exchange of tokens. This solution from OpenFinance was not disclosed in any way. But now INX users can enjoy the advanced functionality. It is noteworthy that other details of the upcoming transaction, besides the price and the fact of the transfer of this platform, were not disclosed. The event is confidential and closed. This news also shows how important it is to invest money in a promising project on time and courageously in order to transform your own company. It is possible that this is not the last such event at the end of October.
In order not to miss current events, follow all the news from the crypto industry with us. We publish only high-quality, interesting material. Thank you for your attention. Good luck!