SatSimple, a UK provider of bitcoin services has acquired PolyX, an EU-regulated crypto exchange and secure wallet provider.“PolyX’s technology platform, their unique risk based approach and regulatory status fits perfectly into SatSimple’s strategic build plan for delivering innovative and secure Bitcoin services to customers in the crypto asset space,” says John Clifford, SatSimple’s Head of Communications. “It is one of a number of acquisitions planned in the lead into SatSimple’s launch later in 2020. The mission of SatSimple is to provide the next generation of integrated Bitcoin services that are, less complex, more secure, and highly transparent.” 

Stanislav Chernukhin, CEO of PolyX, adds: “ This acquisition recognises PolyX’s success in developing a compelling and innovative technical platform. We are excited to be part of SatSimple’s vision and to join their seasoned and highly experienced team.”