Everything Blockchain acquires ATrade for $1 million to launch new US-based platform

Rick Steves

ATrade Desktop is an online stock alerts service that provides visually simplified stock alerts, including risk management, stock selection, and order matching.

Everything Blockchain has acquired alternative trading system vetted trading platform, ATrade Desktop SoftwareTM, for $1 million in cash.

The specialist in blockchain, decentralized processing, and zero trust applications, will seek appropriately licensing through multiple jurisdictions while enhancing the software through the use of Blockchain architecture and incorporating a cryptocurrency trading platform.

ATrade Desktop is an online stock alerts service that provides visually simplified stock alerts, including risk management, stock selection, and order matching.

ATrade will be backbone of upcoming crypto trading platform

Everything Blockchain will leverage ATrde to develop its new EBI Platform to offer onboarding, management transfer of assets, and more for traders. The Company expects multiple rollouts as it obtains its licensing which could be as early as 3 months, with all elements operational by the end of this calendar year.

The company said it is tracking at least four additional patents in support of this new product and service. The acquisition of ATrade follows the company’s four acquisitions in 2021, including Mercury, Inc., a move designed to expand its solution engineering and product development reach.

“As we continue to grow our services, locations and technology throughout the country, we also want to make it easier for traders to access everything they need at their fingertips, which is exactly what this new platform will enable. We look forward to adopting ATrade’s technology to enhance trading and access as Everything Blockchain compounds its growth and expands the use of cryptocurrency”, said Everything Blockchain CEO Eric Jaffe.

Everything Blockchain is the new brand name of OBITX, Inc. which was established in March 2017. At first, the business provided computer related services, such as development, acquiring Internet publishing, broadcasting, and web search portals. It published and generated textual, audio, and/or video content on the Internet, and operated websites that used search engines to generate and maintain extensive databases of Internet addresses and content.

In April 2020, Everything Blockchain, through a change of control action, discontinued that line of operations in favor of Blockchain development.

Everything Blockchain’s first achievement was its participation in HEX, touted as the Internet’s first high yield cryptocurrency certificate of deposit, that is one of the top 10 largest cryptocurrencies by market cap (approximately $50B) in the world.

The Florida-based firm has recently hired Jessica Hunt as its Chief Marketing Officer. She has over ten years of experience in marketing, having worked for both startups and large organizations. Most recently, Hunt was CMO at One Exchange, a fintech company.

Hunt will lead and drive all aspects of Everything Blockchain’s marketing strategy to support and accelerate Everything Blockchain’s growth, including brand marketing, user experience, education, public relations and communication strategies, and retention strategies.

  • Read this next

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    Market News

    Weekly data: Oil and Gold. How they might be affected in the short term?

    This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

    Digital Assets

    BitForex goes offline after mysterious $57 million withdrawal

    BitForex, the Hong Kong-based cryptocurrency exchange, abruptly went offline following a mysterious withdrawal of $57 million from its hot wallets. Blockchain detective ZachXBT was among the first to spotlight this, revealing that BitForex has ceased withdrawal transactions and its team appears to be unresponsive.

    Digital Assets

    Should the largest Bitcoin trade be priced in BTC or USD?

    Three days ago, the Bitcoin network witnessed a staggering transaction of 26,139 BTC, valued at $1.347 billion. This recent transaction contrasts sharply with a notable event from 2011, where 500,000 BTC were moved, then valued at around $1.13 million.

    Market News

    EURUSD volatility abound as more Americans buy houses whilst Europe lags behind

    EURUSD volatility has been on the rise, reflecting contrasting trends between the United States and Europe, particularly in the housing market.