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March 9, 2015updated 04 Apr 2017 4:03pm

Deutsche Bank veteran launches Brazil-based bitcoin exchange

Deutsche Bank veteran Marcelo Miranda, who created the IXBTC index, Brazil's primary price reference for bitcoin, has publicly launched a new digital currency exchange based in Rio de Janeiro.

By Verdict Staff

Deutsche Bank veteran Marcelo Miranda, who created the IXBTC index, Brazil’s primary price reference for bitcoin, has publicly launched a new digital currency exchange based in Rio de Janeiro.

The bitcoin exchange FlowBTC, which has been built on Miranda’s 15 years of experience in the equities and technology space, will be powered by AlphaPoint’s trading software and will offer individuals and firms access to an enterprise-grade trading experience.

FlowBTC will leverage the AlphaPoint exchange platform to provide clients with a custom-built technology supporting nearly one million transactions per second and layered security architecture for data protection.

The new exchange will be interconnected with 20 digital currency exchanges offering competitive exchange rates and deep liquidity.

FlowBTC founder and CEO Marcelo Miranda said: "Today less than 300 Bitcoins change hands in local exchanges in Brazil each day. This is the result of a lack of reliable local exchanges. With FlowBTC, we expect to multiply this number tenfold."

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