McapMediaWire – NSAV, a cryptocurrency, blockchain and digital asset technology company, today announced that leading cryptocurrency exchange, BQEX Ltd, has acquired VAEX Cryptocurrency Exchange. VAEX is a Centralised Cryptocurrency Exchange regulated in Dubai. VAEX is one of the few Centralised Crypto Exchanges that connects Centralised with Decentralised Wallets.
Centralised crypto exchanges reported more than $14 trillion in trading volume in 2021, according to The Block Research. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24, 2021 Last year, centralised crypto exchanges facilitated just over $1.8 trillion in trading volumes.
BQEX is a Centralised Cryptocurrency Exchange that was established in 2017. BQEX has over 4 million registered users globally and lists over 50 cryptocurrencies. BQEX also has inbuilt multi-functional ETF windows that support project developers, in order to provide the best investment experiences to their users.
W. Y. Cheung, CEO of BQEX stated, “We are very excited to announce this acquisition, and it will also build a very strong operating base for us, being a regulated exchange. We are thrilled to have VAEX as our new family member.”
Dato’ Sri Desmond Lim, Interim Chief Executive Officer and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “VAEX has a very strong client base in South Korea, Dubai, and has extended the VAEX community to Brazil and Mongolia as well. This new user base will add nicely to the NSAV ECOsystem and allow us to build a bigger NSAV community through this strategic transaction.”
Stanley Yu, Senior Vice President of Technology stated, “This is a very interesting transaction as, VAEX is one of the few Centralised Crypto Exchanges that connects Centralised with Decentralised Wallets. This is a good hybrid situation, blending the decentralised and centralised world together.”
NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information, please contact NSAV at [email protected]
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Centralised Cryptocurrency Exchange website can be accessed at https://ex.nsavexchange.com/main
The NSAV CEX Twitter account can be accessed at https://twitter.com/nsavcex
The NSAVDEX 1 Exchange website can be accessed at https://nsavdex.org/#/home
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAV NFT Marketplace website can be accessed at https://nsavnft.com/
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX Exchange Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Net Savings Link, Inc.