Early Bitcoin consolidation is happening - Coinsetter, a NYC based bitcoin exchange recently acquired Cavirtex, a Canadian bitcoin trading platform which had to shut down due to security breaches.
Lukasiewicz said Coinsetter chief technology officer Marshall Swatt reached out to Cavirtex "just kind of on a hunch and it evolved form there." Cavirtex shut down in March following a breach that compromised security information including password hashes. Lukasiewicz said the exchange would resume operation later on Wednesday. "We saw a lot of assets in Cavirtex not only in terms of entering the Canadian market, but being a leader in it," he said. "But probably the most important asset was the exchange's compliance-approved domestic bank account in Canada."