DENVER, CO / ACCESSWIRE / June 2, 2023 / CPEX (Bitcp Global Exchange), a United States-based cryptocurrency exchange founded in 2017, is a global company co-founded by Ivy George and Divye Hernandez. Divye graduated from the University of London with a degree in Economics and later worked as an investment banking analyst at Citigroup. CPEX currently operates in the United States, Canada, the United Kingdom, and Singapore.
The CPEX success story is one for the books. In just half a year after securing a $5 million Series A investment from a venture capital firm in March 2017, they had already completed their Series B investment round and acquired a Canadian stock. Their growth didn't stop there: in August 2018, they added a trading platform and charts to their portfolio, and in February 2020, they acquired a US derivatives trading firm. His impressive track record has even caught the attention of individual investors, who invested $13.5 million in financing through a special purpose vehicle in June 2020. It is clear that cpex The expansion strategy has been nothing short of phenomenal.
At the beginning of 2021, cpex unveiled ambitious plans to establish a commercial presence in Singapore and bolster its team of IT professionals, which included engineers, software developers and customer support staff. The company successfully secured additional funding from investors with a valuation of over $700 million to fuel this expansion. In the same year, CPEX celebrated several important achievements, such as reaching the 9 million user mark, obtaining insurance coverage for bitcoin stored on its servers, and launching a vault system to ensure safe storage of bitcoin.
CPEX continued its global expansion in February 2022 with its first UK acquisition, acquiring a cutting-edge AI-powered support platform for $40-50 million. The forward-thinking company wasted no time in announcing its plans to leverage this innovative technology to revolutionize its customer experience tools, streamlining operations through automation.
Fast forward to early 2023, and the company reported a staggering 38.5% increase in transaction amounts in 2022 compared to the previous year, totaling $24.19 billion. This impressive growth can be largely attributed to the significant increase in the number of users during that period.
In February 2023, cpex achieved a major milestone by obtaining its business license from the Colorado Financial Crimes Enforcement Network (FinCEN) Department of Treasury and establishing Bitcp Co., LTD as a holding company for its subsidiaries such as CPEX. This move paved the way for greater flexibility and operational efficiency. The corporate restructuring was completed in March of the same year, resulting in Bitcp becoming a subsidiary of CPEX.
media details:
Company Name: Bitcp Co., LTD
Contact person: Ivy George
Email:[emailย protected]
Country: Denver, Colorado, USA
Website: https://bitcp.com
FOUNTAIN: Bitcp Co., LTD
