SatSimple acquires PolyX exchange, exact amount not disclosed

According to Finance Magnates, UK-based Bitcoin service provider SatSimple announced on Wednesday that it will acquire PolyX, a cryptocurrency exchange regulated by the European Union. Commenting on this development, John Clifford, head of communications at SatSimple, said: "PolyX's technology platform, risk management, and regulatory status are fully in line with SatSimple's strategic construction plan to provide innovative and secure Bitcoin services to customers in the crypto asset space." Both The company did not disclose the specific amount involved in the acquisition.