Bitcoin Suisse, the oldest and largest crypto-financial services company in Switzerland announces the purchase of a sizeable minority stake ($3 million) in CoinRoutes Inc., a leading US/Swiss-based trade automation and trade intelligence provider. Bitcoin Suisse has used the CoinRoutes software for over one year and fully integrated it into its own brokerage and trading platform.
As a crypto brokerage firm, the efficient handling of client orders is key and requires sophisticated trading systems which involve smart routing of orders and fast trade execution. For a full year, Bitcoin Suisse has tested the Smart Order Routing and patent-pending Consolidated Best Bid & Offer (CBBO) technology of CoinRoutes, integrating it into its platform and using it to deliver premium brokerage and trading services to its international crypto asset client base. Now Bitcoin Suisse has invested directly in CoinRoutes, acquiring a $3 million share of the company’s US entity.
Niklas Nikolajsen, the Chairman of the Bitcoin Suisse Group said: “CoinRoutes provides important infrastructure for our operations and we have been absolutely satisfied with their technology for the past year. We are glad to have acquired both a firm partner and a large shareholder position in the company and we look forward to working closely together with Coinroutes in the years to come and to help the company realize its full potential.”
As part of the investment, Nikolajsen will join the Board of Directors of both CoinRoutes’s US and Swiss entities.
David Weisberger the CEO of CoinRoutes Inc. added: “Bitcoin Suisse is an ideal partner and shareholder of CoinRoutes, being one of the world’s largest crypto brokers and crypto financial service providers. We welcome our new partner as we continue our quest together to bring Best Execution to crypto investors around the world.”
The crypto asset market continues to see volatility even as prices have settled over the past several months after a rapid rise from the beginning of the year. These and other trends continue to offer investors significant trading opportunities. The usage of CoinRoutes smart routing technology allows Bitcoin Suisse to execute trades at best prices across all major crypto asset exchanges, with whom Bitcoin Suisse maintains close relationships as part of its prime brokerage services.