Bitcoin Suisse Purchased $3M Share of CoinRoutes

Swiss crypto broker Bitcoin Suisse has bought a $3 million share of CoinRoutes Inc. In the news on October 22, it announced that it purchased a minority stake at an algorithmic trading software and pan-exchange smart order routing provider firm.

Chairman of Bitcoin Suisse Group, Niklas Nikolajsen, became a member of the board of directors of United Stated and Swiss entities of CoinRoutes.

In addition to that, for a year prior to the acquisition, Bitcoin Suisse has tested CoinRoute’s Smart Order Routing and patent-pending Consolidated Best Bid & Offer offerings. And they did this to assess the capabilities of the product. Then, after some time, the company integrated the technologies fully into its own brokerage and trading platform.

Aside from that, Bitcoin Suisse revealed a range of developments like a partnership with fintech firm Amun recently. They will launch a new cryptocurrency exchange-traded product on the stock exchange SIX in their country.

Then in July, the Bitcoin Suisse also applied for banking and securities dealer licenses from Switzerland’s finance regulator.

Cryptocurrencies Price

Elsewhere, on Tuesday, Bitcoin has failed to impress due to its sudden drop of below the $8,100 price point. Then, the crypto markets are mostly displaying red candlesticks.

And for the second time around, Bitcoin attempted to go above the $8,300 price point, which got a quick rejection. In a previous report, BTC did not give any impressive price movements since the start of the weekend, where it somehow exit the $7,000 price range.

On the other hand, the top 20 coins are displaying red candlesticks. And Bitcoin SV (BSV) became the worst top-20 performer with its 4.5% loss. Then, Cosmos (ATOM) and Tezos (XTZ) followed the record with over 3% loss each.

On October 22, Ether (ETH), meanwhile, was recently at a price of $171.3 per coin.