Bux, the fintech company, announced it was buying Blockport, a bankrupt cryptographic trading platform, to launch a new platform

Amsterdam-based fintech company Bux has acquired Blockport, a cryptographic trading platform, the company said. According to TechCrunch, Bux said the acquisition was in preparation for the launch of its new cryptocurrency trading platform, and that Blockport's founders and core team members had joined the company. The previous Blockport token, which will also be renamed BUX, "will continue to be integrated into the platform and will retain its trading discount feature".

BlockBeats previously reported thatBlockport declared bankruptcy in June last year after the issuance of securities tokens failed to meet minimum expectations.At that time, Blockport STO was launched on April 16 and continued to operate until after May 15. The financing did not meet expectations, and Blockport subsequently announced its failure, promising refunds to investors, and having "been unable to maintain the planned growth trajectory, the business and team size had to be significantly reduced". Within 24 hours of the announcement, the price of Blockport's BPT fell more than 88 per cent.

The original link: https://techcrunch.com/2020/01/09/bux-acquires-blockport/

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