COLUMBIA EXCHANGE (CRX) – COLUMBIAN EXCHANGES (CEX) – NEW YORK, NY – August 21, 2017: A new exchange for trading Bitcoin and Ethereum is being launched by the Columbo Exchange on August 21 in the heart of Manhattan.
The Columbo exchange will be the largest Bitcoin exchange in the US.
Bitcoin is a digital asset with a market cap of more than $US20 billion.
A bitcoin exchange has existed in India since 2013.
India’s Bitcoin market cap stands at more than US$6.5 billion.
Bitcoin was invented in 2009 by an anonymous developer on the internet.
The first Bitcoin transaction was in 2012 and since then more than 50 million people around the world have exchanged Bitcoin for fiat currencies such as USD, GBP and EUR.
The US government has issued regulations that require businesses to be licensed and register for cryptocurrency.
The government has also stated that all new digital currencies are subject to a certain level of regulation and that cryptocurrencies such as Bitcoin are not legal tender in the United States.
India is one of the world’s most Bitcoin-friendly countries.
The country has become the world leader in Bitcoin trading, as of 2016, according to CoinMarketCap.com.
Indian traders are also expected to dominate the Indian cryptocurrency market in the coming years.
Columbo’s new exchange will not only be the biggest Bitcoin exchange on the continent, but it is expected to become one of India’s leading cryptocurrency exchanges by 2020.
Colombo Exchange’s co-founder and CEO Keshav Kher said, “The Columbo Market is one that we are very proud of.
It has become one the largest and fastest growing markets in the country.
Our aim is to take the cryptocurrency ecosystem to the next level.”
Columbo is a partnership between the Colombo Group, the largest bitcoin exchange operator in the world and Colombo Asset Management Pvt Ltd.
The company will be based in Colombo, New York, where the exchange is being set up.
Kher added, “We have invested a lot of time in the cryptocurrency space and are very excited to be one of these leading cryptocurrency markets.”
He added, Columbo has raised funds from the likes of JB Hi-Fi, the world leading bitcoin retailer, and Indian investors like Shishiraj Gautam.
The exchange will allow users to trade Bitcoin and Ether for fiat currency.
Keshampu Jain, founder and managing director of Colombo Exchanges said, The Columbia Exchange is an investment vehicle for the Columbo community.
We are an early-stage cryptocurrency investment company that was established with the goal of providing a stable platform for the crypto community to trade and invest in cryptocurrencies.
With the launch of the Colombian Exchange, we are hoping to expand into the Indian market as well.
Columbiacoin is a global cryptocurrency exchange offering the best services in crypto trading, trading, exchange and exchange management.
The platform is backed by a diverse group of financial institutions.
The main asset for the exchange will remain its Bitcoin holdings.
The bitcoin and ether traded on the exchange are secured by a comprehensive security agreement.
The assets on the platform are managed by an independent third party, as well as the Colombeans team, which ensures the security of the funds.
ColombiaExchange is expected by the Indian Government to be able to handle USD 10 billion in trading by 2020 and to be the second-largest Bitcoin exchange after Mt Gox.
Colomeracoin will be one the first cryptocurrency exchange in India, according the Colomeracos roadmap.
The startup has already raised more than half a million dollars from institutional investors including JD Wigmore, Fidelity, BNY Mellon, CapitalGains Capital and others.
The venture has been supported by Colombo Holdings, the Colomo Group, a partnership with the Colomedian Exchange.
The partnership is expected the company to become an active player in the Indian Bitcoin and crypto markets.
Komal Pandey, CEO of Colombacoin, said, We are looking forward to the launch and to become a key partner in the emerging ecosystem of digital currencies.
“The Bitcoin community has witnessed tremendous growth over the past year and we have already witnessed an exponential increase in the number of users trading and trading for cryptocurrencies.
We aim to help the Bitcoin community to be a force in the global crypto market.
Our platform will enable a significant increase in liquidity and ease of trade, allowing customers to trade cryptocurrency in a safe and secure environment,” he added.
Colomecoin will initially offer a range of services to the crypto market, including fiat currency, cryptocurrencies, and crypto derivatives.
The Indian government is expected soon to regulate the exchange.
Keralapall, who is also the CEO of Cryptomind, an exchange platform, added, We want to see Colombo evolve as a global hub of crypto trading.
We have been working