Summary
- Republic announced its decision to acquire Canadian digital securities and virtual asset trading platform INX for $60 million.
- Republic had previously secured a 9.5% stake in INX in 2023, and plans to actively participate in management and operations through this acquisition.
- It is expected that Republic will strengthen its position as an investment platform by actively participating in INX's operations.
According to CoinDesk, a media specializing in virtual assets (cryptocurrency), investment platform Republic is set to acquire Canadian-based digital securities and virtual asset trading platform INX for $60 million on the 3rd (local time).
Republic previously secured a 9.5% stake in INX in 2023, and plans to actively participate in INX's management and operations once the acquisition is finalized.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
