New platform to offer reliable and robust exchange with the most extensive selection of digital tokens in Canada

VANCOUVER, Aug. 15, 2018 /CNW/ - CatalX, a new Canadian digital asset trading platform, and Bittrex, the premier U.S.-based blockchain trading platform, announced a partnership today that will launch a digital asset trading platform with the most extensive selection of digital tokens in Canada. The Beta platform will launch on August 27th, 2018.

CatalX provides a seasoned leadership team to manage the Canadian trading platform operations, including compliance, customer support, marketing, sales and customized development. In addition, Bittrex is providing its state-of-the-art platform technology and access to its large selection of innovative utility tokens, which were selected using its robust token review process. Interested cryptocurrency customers are able to pre-register for an account here: https://catalx.io.

"This partnership with Bittrex is a big step for us, as it positions us as a leader in the Canadian digital asset market. We are honoured to be able to bring Bittrex's extensive cryptocurrency options to the Canadian market with one of the highest brand reputations in the industry. We will offer more than 200 coin pairings with premium features as well as competitive fees," stated Justin Kim, CatalX's CEO. "CatalX and Bittrex share common values based on strong business ethics, long-term vision, customer focus and an unswerving commitment to compliance and a willingness to work with government. We are collaborating closely with the Department of Finance and FINTRAC on the draft virtual currency regulation amendments to help provide a safe and secure environment for our customers and the entire community."

"Every day, we're working to advance blockchain technology and this partnership provides another opportunity for us to further drive its adoption globally," said Bittrex CEO Bill Shihara. "By working together, CatalX and Bittrex will be able to provide Canadian customers a reliable, fast and secure trading platform that also offers access to some of the world's most innovative blockchain projects. As we continue expanding our global footprint, we're looking for partnerships like this one that not only support the blockchain industry, but also incubate innovative projects using this emerging technology."

The CatalX and Bittrex partnership brings together Bittrex's global leadership in the blockchain industry with the vision of an innovative team in Canada. This partnership provides a solution for Canadian customers who want more selection for digital assets, but on a secure, reliable platform in Canada.

About CatalX

Founded in 2017, CatalX has developed a trading platform customized for the Canadian market, under license from Bittrex. Their mission is to be Canada's leading digital asset platform for virtual currencies, and foster the new generation of investors seeking to engage and manage their own financial future.

About Bittrex

Founded in 2014 by three cybersecurity engineers, Bittrex is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change. Bittrex, Inc. is not a regulated exchange under U.S. securities laws. Learn more at www.Bittrex.com.

SOURCE Catalx

For further information: Press Contacts: Jennifer Wood, Bittrex, [email protected]; Chang Han, CatalX, [email protected]