Banxa Announces Partnership with Mining Platform NiceHash for Crypto Buy/Sell


Get instant alerts when news comes in about your stocks. Request a one-week free trial to StreetInsider Premium Here.


Toronto, Ontario and Melbourne, Australia – (Newsfile Corp. – November 22, 2021) – BANXA Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or the “Company”), the world’s first public payment service provider (PSP) and digital asset industry compliance RegTech platform, is pleased to announce that it is now live with Mining and trading giant NiceHash. Nicehash has more than 1 million daily users. Banxa will provide crypto buy/sell functionality for NiceHash users.

nicehash, an EU-based marketplace for retail power that allows small miners and individuals from around the world to rent out their computing power. The mining company was founded in 2014 and is now the world’s leading cryptocurrency platform for mining and trading. The platform is used daily by cryptocurrency miners, retail power buyers, and cryptocurrency traders. With over 1 million daily users and 9 million requests made, NiceHash is a leader in decentralized mining.

“It gives me great pleasure to welcome NiceHash to the Banxa network,” said Holger Arians, CEO of Banxa. “As a leading pool mining company, NiceHash allows mass market access in cryptocurrencies, similar to the way Banxa does. As we expand Our products and services for new markets such as mining, wallets, and DeFi, our commitment to bringing the highest conversions to our partners is driving this growth. We are proud that one of our first mining clients is a well-known brand.”

Martin `korjanc, CEO of NiceHash said, “We are pleased to announce the next phase of NiceHash’s growth as a global platform providing cryptocurrency mining and trading services. NiceHash has always had usability and simplicity at the core of our products, and the goal is to encourage greater adoption of cryptocurrencies. We have made mining Easier than any other platform for ordinary people to connect to our platform and start mining with just a few clicks Now we are breaking new ground and offering advanced trading and payment options on NiceHash Exchange Banxa has been pushing forward payment compliance and greater transparency for many years and we are proud to partner with them to achieve the goal The commonality of providing cryptographic adoption to a greater number of people.”

Since its initial public offering on January 6, 2021, Banxa has gone from strength to strength, growing from 38 to more than 160 team members, adding over 30 new coins, and additional payment methods, such as SEPA Instant, among others. In addition, the company has already accelerated the rapid onboarding of new partners, adding 16 new partners in October.

On behalf of the board of directors
Written by: Dominic Carusa https://twitter.com/dcarosa
Dominic Carusa
Chairman of the Board (1-888-218-6863)

information about us
Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00)
Banxa operates the world’s largest digital asset platform by providing payments infrastructure and regulatory compliance across global markets. Banxa’s mission and vision is to build the bridge that provides people in every part of the world with access to a more just and equitable financial system. Banxa is headquartered in Melbourne, Australia, and its European headquarters are in Amsterdam, Netherlands.

For more information, go to www.banxa.com.

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions that, although considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements can generally be identified through the use of forward-looking words such as “may,” “should,” “will,” “could,” “intend,” “estimate,” “plan,” “expect,” “expect,” “believe.” or ‘continue’, or passive ones or similar variants. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause future results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements. The statements are not guarantees of future performance.

Banxa’s statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and circumstances, many of which are outside Banxa’s control, and you should not place undue reliance on such statements. Forward-looking statements qualify in their entirety for risks and uncertainties inherent in the Company’s business, including: Banxa’s assumptions about making forward-looking statements may be incorrect; Adverse market conditions, including risks related to COVID-19 and risks that future results may differ from historical results.

Except as required by securities law, Banxa assumes no obligation to update or revise any forward-looking statements, whether as a result of new information or events or otherwise.

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

For more information, see www.banxa.com.

Contacts:
Investor Relations:
North America: +1 (604) 609 6169
International: +61451744080
Email: Investor@banxa.com

Lytham Partners, LLC
Ben Shamsian
New York / Phoenix
Email: shamsian@lythampartners.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104572

Leave a Comment