BitQuick acquired by bitcoin ATM company, relaunches exchange

U.S. based bitcoin exchange BitQuick announced that they have been acquired.

The acquisition is by the bitcoin ATM company Athena Bitcoin. BitQuick has been shut down since March of this yearafter being hacked.

According to CoinDesk, Athena Bitcoin, which operates in the mid-western and eastern US, is buying the exchange outright as well as bringing in team members Jad Mubaslat and Chad Davis. The sale amount was not disclosed.

The site relaunch went live officially today, and in an interview with Mubaslat, he said that in the immediate term, the team will continue to operate as it has previously, only with financial backing from Athena that will be used to expand the team’s size and capacity.

Gil Valentine, co-founder and COO of Athena Bitcoin, said that the exchange is a good complement to his company’s physical ATM network.

“We like the branding, we like the story, we like the way that Jad and Chad handled everything, and we think the brand is safe and sound,” he said.

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David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.