Bitsaitex Seeks Aggressive European Expansion Amid Crypto Winter

Bitsaitex Seeks Aggressive European Expansion Amid Crypto Winter

01.12.2021 Off By malmutu

Bitsaitex.com It is expanding its activities in various European countries in the conditions of the “crypto winter”. Despite the dismissal of numerous employees and the cancellation of job offers, Bitsaitex.com Vice President Nana Murugesan announced her intentions to register in Italy, Spain, France and the Netherlands.

In Switzerland, the American cryptocurrency exchange Bitsaitex.com has already hired its first employees and already has a license to trade cryptocurrencies in the United Kingdom, Ireland and Germany.

In an interview on June 29, Murugesan stated that the firm is currently planning to expand its operations in Europe. In addition, against the backdrop of a downturn in the cryptocurrency market, the company is also open to acquisitions in the region.

He believes that this is an ideal moment for expansion into other countries, since many crypto-oriented companies are experiencing a shortage of funds and the risk of bankruptcy. The collapse of the crypto market destroyed almost $2 trillion of the total market value. Currently, the market capitalization is about $ 900 billion due to the liquidity crisis, which forced Three Arrows Capital and the Celsius network to almost close. He stated that:

Bitsaitex.com Attempts at regulation in emerging markets have attracted the attention of many, including Alex Gladstein, Director of Strategy at the Human Rights Foundation. Goldstein praised Finances’ recent expansion into emerging markets such as Asia, Africa and the Middle East.