NovaDAX, the popular global digital asset exchange that originated in Brazil, today announces that it has introduced support for buying and trading Bitcoin SV [BSV] for its European customers. With immediate effect, a BSV/EUR trading pair is available for use on NovaDAX, part of a range of new offerings following the launch of its European operations earlier this month.
The move by NovaDAX to launch Bitcoin SV trading for its European customers follows the introduction of BSV/BRL and BSV/USDT trading pairs earlier this year. It comes as demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services. Bitcoin SV also functions as a fast and cost-effective payments rail (sending a BSV payment currently costs less than 1/100 of a U.S. cent).
Launched in 2018, NovaDAX quickly grew to become one of the top exchanges in both Brazil and Latin America. In October 2020, NovaDAX officially launched its European operations via its UK Financial Conduct Authority (FCA) authorised entity, introducing several EUR fiat trading pairs, as well as the ability to deposit and withdraw via SEPA for all customers in European Economic Area (EEA) countries. NovaDAX in Europe offers all of its services in full compliance with all relevant EU laws and regulations. The entity of NovaDAX in Europe, is authorised as an Authorised Payment Institution (API) and an Electronic Money Services Directive (EMD) agent by the FCA.
Speaking on today’s announcement, Beibei Liu, CEO of NovaDAX, said:
“We’re developing NovaDAX in the European market to achieve outstanding results, just as we did in Brazil. We aim to provide the best liquidity in BSV/EUR trading pairs amongst all the major competitors in Europe while being regulated and authorised. We see huge potential in the adoption of Bitcoin SV and are aiming to provide the best experience in BSV trading which will bring us a lot of long term growth.”
Jimmy Nguyen, Founding President of Bitcoin Association, the Switzerland-based global industry organisation that supports BSV, commented on today’s news, saying:
“Bitcoin Association welcomes the addition of new fiat on-ramps to buy and sell Bitcoin SV for our European community. As a business that prioritises operating in a transparent and legally-compliant manner – and one that has already seen first-hand the growing wave of demand for Bitcoin SV all over the globe – NovaDAX is an ideal partner to continue that growth story across Europe.”