Canada’s leading Bitcoin exchange, Bull Bitcoin (Satoshi Portal Inc.), announced the acquisition of White Glove Bitcoin self-custody provider Veriphi via a press release to Bitcoin Magazine.
This acquisition was fully funded by the company’s decision to keep BTC on balance since 2015 after it was bought after Bitcoin’s historic price spikes over the years, also known as Number Go Up (NgU) technology.
Bull Bitcoin sets the standard by doubling as a pure Bitcoin exchange without custody, where the customer takes full custody of his coins from the start. They focus on the importance of Bitcoin self-custody, which is why customers must have their own wallet to hold their BTC before they can use the exchange.
However, because the company does not hold users’ Bitcoins for them, they tend to be placed at a disadvantage compared to new Bitcoiners who may want to keep their BTC on the exchanges first. This can be seen as more difficult and inconvenient for new bitcoiners who just want to go the easy route by not having their own keys, but this is where Veriphi comes in.
“By combining Bull Bitcoin’s infrastructure with Veriphi’s bitcoin advisory expertise, we will establish ourselves as the world’s best destination for new Bitcoiners getting on board the right way,” the press release said. “We assume that our transaction volume will increase significantly as a result and the proportion of Canadian Bitcoiners who have their own keys and operate their own full nodes will massively increase.”
Founded in 2017, Veriphi has evolved into Canada’s white-glove self-custody service that aims to turn anyone and everyone into sovereign bitcoiners. They are a team of solid Bitcoin teachers and experts from Montreal who are known for their fantastic tutorials and guides, Bitcoin wallet reviews, and security and privacy best practices.
“Our message to the Bitcoin community is clear: You can absolutely rest assured that we will take care of your friends and relatives when it comes to Bitcoin onboarding. You can leave them in our care, and we guarantee that we will turn anyone (including your grandmother) into a sovereign Bitcoin holder, ”the press release reads. “You can rest assured that you have followed all best practices and that trusted experts will be with you every step of the way with over-the-phone support.”
With this acquisition, Bull Bitcoin adds another element to its exchange that sets it apart from its competition. In addition to this new white glove service, the exchange has already implemented Lightning Network, Liquid Network, CoinJoin and Transaction Batching. They set the standard and highlight the importance of the cypherpunk ethos, which is important when onboarding new bitcoiners.
“Not only do we have to support our services, but we also have a responsibility to provide advice and help with Bitcoin self-custody,” the press release said. “We refuse to compromise our values, compromise on data protection and personal responsibility, and act against the best interests of our users just because it’s easier.”
You can follow the new bitcoin maximalists joining Bull Bitcoin from the Veriphi team on Twitter below. Francis Pouliot, CEO of Bull Bitcoin, said that he has personally cared for these bitcoiners for years and that they “are without a doubt the best successors I could hope for and I have trusted them unreservedly to advise my own family members on Bitcoin self-custody . ”
Gustavo J. Flores Echaz – @gustavojfe
Maciej Cepnik – @cepnikmaciej
Tristan Borges Solari – @tristanborgess
Nathaniel Kitzke – @ nk1tz
René Vergé – @reneverge
Carlos Chida – @carloschida
Comments are closed.