Bitcoin Suisse Acquires Minority Stake of CoinRoutes
Bitcoin Suisse, a Swiss crypto broker, has bought a minority stake at CoinRoutes Inc. The firm is a provider of pan-exchange smart order routing and algorithmic trading software.
Bitcoin Suisse reported this on October 22. It highlighted that it obtained a $3 million share of CoinRoutes. Then, Bitcoin Suisse Group Chairman Niklas Nikolajsen turned into a member of the board of directors of CoinRoutes’ the United States and Swiss entities.
Moreover, Bitcoin Suisse had tested the Smart Order Routing and patent-pending Consolidated Best Bid & Offer offerings of CoinRoutes. And this happened a year before the acquisition to evaluate the product’s capabilities. Eventually, the firm integrated the technologies into its brokerage and trading platform.
Crypto Market Price
Meanwhile, Bitcoin (BTC) did not impress due to its unexpected drop under the $8,100 price point. And most of the crypto markets are displaying red candlesticks.
On Tuesday, during the better part of the day, Bitcoin was trading over the $8,200 price mark. But it declined under $8,100 after a few hours. The world’s largest cryptocurrency traded at an intraday high of $8,300. After that, it loses grounds towards its recent trading price of about $8,040. In addition to that, BTC is showing a loss of nearly 2%.
Bitcoin even tried for the second time around to break more than the $8,300 price point. But it only endured a swift rejection. In a report, BTC failed to give impressive price movements since the beginning of the weekend, after it managed to break free from the $7,000 range.
On the other hand, Ether (ETH) is recently still at a price of $171.3 per coin. The number one altcoin showed a slight dip in sync with BTC. Also, it sees a loss of about 1.3%. Then, XRP has been trading at a flat price. It is recently at $0.2902 per coin, dropped 0.54%.
