US-based cryptocurrency exchange operator Bittrex has built up its recent partnership with Palladium, buying a 10% stake in the Maltese blockchain company, local news outlet Times of Malta reported on Sunday.
“We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology,” Palladium founder and chairman Paolo Catalfamo said as quoted by the publication.
Prior to Bittrex’s investment, Palladium was owned by bank holding company Investar Holding and eSports betting platform Unikrn, which held 85% and 15% of the company, respectively. Lacking an official announcement and deal details, it remains unclear which of the aforementioned companies have sold a chunk of its holding to Bittrex.
Palladium made headlines back in July, launching the world...
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