content material comming from www.newswire.ca
TORONTO, Aug. 7, 2020 /CNW/ – Satstreet, a brand new Canadian platform for digital currencies, completes a increase of $650,000 CAD from Spherical13 Capital in addition to distinguished Canadian traders, Stephen Lister and John McBride.
The title, which is a play on the phrases “Sats” and “Wall Road” alerts that the crew is trying to bridge the hole between the world of Bitcoin and conventional monetary providers.
Sats – named after Satoshi – are the bottom models of a bitcoin.
Every bitcoin incorporates 100 million Sats.
Satstreet is co-founded by Jon Lister and Mike Nasser, who’ve been within the digital foreign money house for a number of years and have facilitated greater than $250m in OTC buying and selling quantity.
Their mission is to drive Bitcoin adoption by launching services and products which might be straightforward to make use of. Their crew is concentrated on two pillars: simplicity and safety.
Since June 22nd, the Satstreet OTC Desk has serviced greater than $6.2m in trades by working with a number of the largest purchasers in Canada. These purchasers embrace early crypto traders, excessive internet price people, and lots of the largest Canadian Bitcoin mining operations.
“We noticed a chance to construct a platform the proper method, with a clear slate, and with a robust crew.” stated Mike Nasser.
Jon Lister, who beforehand co-founded BlockEQ (acquired by Coinsquare for $12m in 2018) is worked up to be again constructing a brand new enterprise. “What separates us from the competitors is our crew’s integrity, expertise, and the belief we have established with our purchasers.”
Satstreet additionally gives consulting providers that cowl Accounting and Tax Advisory, Insured Custody, AML & Compliance, and Lending merchandise. Co-Founder Mike Nasser is offering consulting providers for Bitcoin Mining operations throughout Canada.
The trade has been choosing up steam because it was introduced that US Banks are actually capable of supply Crypto Custody providers. Bitcoin is up over 60% this yr and has been buying and selling above $11,500 USD or $15,500 CAD. Go to https://trade.satstreet.com/ to open your account as we speak and entry the perfect costs in Canada.
SOURCE Satstreet Inc.
For additional info: Jonathan Lister, President, 647-360-7708, [email protected]
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