Criptobanco Launches First Colombian Bitcoin Exchange

March 4, 2015 - PRLog -- Bogota, Colombia/March 4, 2015 - CriptoBanco (https://criptobanco.io) and Mimetic Markets, Inc (https://m2.io), today announce the launch of the first Colombian Bitcoin exchange. CriptoBanco offers the ability to trade bitcoin using the powerful and infinitely scalable exchange platform developed and hosted by Mimetic Markets. BitGo (https://bitgo.com), the leader in bitcoin security and pioneer in developing multi-signature wallet technology, will power the exchange’s wallet via its Platform API.

Once a user registers for an account with CriptoBanco and completes the necessary “know-your-customer/anti-money-laundering” compliance requirements, they can immediately start buying and selling on the platform. Mimetic Markets’ robust API gives end users the ability to develop automated trading strategies, make markets, and exploit arbitrage opportunities, increasing available liquidity and lowering the cost of trading for all users. BitGo’s secure Platform API enables CriptoBanco to operate efficiently while maintaining industry-leading security standards.

Together, CriptoBanco, Mimetic Markets, and BitGo are taking advantage of the latest developments in exchange management, trading platform, and secure wallet technologies. "We're excited to be launching this first Bitcoin exchange in Colombia. Our partnership with BitGo allows the users who deposit their money with CriptoBanco to rest assured that their bitcoin is safe, secured by state of the art multi-signature technology," said Sameer Parekh Brenn, CEO of Mimetic Markets.

“Today represents the first time a Bitcoin enterprise has launched using only off the shelf APIs for its primary operating infrastructure and security,” said Will O’Brien, co-founder and CEO of BitGo. “The speed with which CriptoBanco was able to launch operations under the protection of world-class security is a game-changing event in both established markets as well as markets struggling with a lack of financial infrastructure.”

ABOUT CRIPTOBANCO // CriptoBanco is a Bitcoin startup and trading platform operated by MERKABAHNK (http://merkabahnk.io). Founded by Colombian entrepreneurs Jose De Lavalle Tcherassi (https://www.linkedin.com/profile/view?id=127806539&sn...) and Juan Camilo Rodriguez Ceferino (https://www.linkedin.com/profile/view?id=68801906&trk=spm_pic), that aims to reduce the cost of doing business globally, currently dominated by issues of jurisdiction, security, and trust. The CriptoBanco platform allows anyone to become an economic actor, where they can establish and transfer property rights, especially as they acquire entrepreneurial tools and skills and eventually become business owners. To get from here to the future, they will cater services that are not simply bitcoin versions of existing financial products, but are disruptive systems that solve problems that could not be solved until the advent of Blockchain Technology.

ABOUT BITGO, INC. // BitGo is the leading bitcoin security platform and a pioneer of multi-sig technology. The company offers BitGo Enterprise, an enterprise-grade, multi-sig, multi-user bitcoin wallet, and BitGo Platform API, a robust set of tools and services to access the underlying platform. BitGo was founded by Mike Belshe, Ben Davenport, and Will O’Brien, veterans in online security, digital currency, and financial technology. The company has raised more than $14 million in financing from elite Silicon Valley venture capitalists and angels, and bitcoin industry insiders who have backed successful companies like PayPal, Netscape, Red Hat, Proofpoint, Verisign, Juniper Networks, Yammer, and Tesla.

ABOUT MIMETIC MARKETS //Mimetic Markets is developing robust and scalable software infrastructure for the next generation of crypto-currency exchanges. In early 2014, a team of digital payments and financial markets veterans noted that the bitcoin market in emerging and frontier markets was not supported by professional, Wall Street-class exchange infrastructure. They combined their trading experience at Goldman Sachs with decades of experience in the digital currency business and formed Mimetic Markets, Inc. Mimetic has developed the Sputnik Exchange Engine, a robust platform for trading cash, futures, and prediction contracts.

MERKABAHNK
Contact: Jose De Lavalle Tcherassi
Phone: (+57) 696 - 3464
Email: corporate@merkabahnk.io (mailto:sameer@m2.io)
Web: http://merkabahnk.io

Mimetic Markets
Contact: Sameer Parekh Brenn
Phone: 303-569-4439
Email: sameer@m2.io
Web: https://m2.io

BitGo
Contact: Joe Volat
Phone: 408-645-0448
Email: press@bitgo.com
Web: https://bitgo.com