NSAV Announces BQEX Crypto Exchange Acquisition of VAEX Crypto Exchange, Expands Presence in $14 Trillion Global CEX Market
Net Savings Link, Inc. (NSAV) announced the acquisition of VAEX Cryptocurrency Exchange by BQEX Ltd, enhancing its position in the crypto market. VAEX, a regulated centralized exchange in Dubai, connects centralized and decentralized wallets, expanding BQEX's offerings. In 2021, centralized exchanges saw a trading volume of over $14 trillion, a 689% increase from 2020. BQEX boasts over 4 million users and lists over 50 cryptocurrencies. This strategic acquisition aims to strengthen NSAV's ecosystem and user base across regions, including South Korea and Brazil.
- Acquisition of VAEX enhances BQEX's operational base and regulatory compliance.
- Expansion into new markets including South Korea, Dubai, Brazil, and Mongolia.
- Strengthened user engagement with a combined user base exceeding 4 million.
- None.
London, England, April 01, 2022 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that leading cryptocurrency exchange, BQEX Ltd https://bqex.ltd/, has acquired VAEX Cryptocurrency Exchange https://vaex.tech/en_US/. VAEX is a Centralized Cryptocurrency Exchange (CEX) regulated in Dubai. VAEX is one of the few Centralized Crypto Exchanges that connects Centralized with Decentralized Wallets.
Centralized crypto exchanges reported more than
BQEX is a Centralized Cryptocurrency Exchange that was established in 2017. BQEX has over 4 million registered users globally and lists over 50 cryptocurrencies. BQEX also has inbuilt multi-functional ETF windows that support project developers, in order to provide the best investment experiences to their users.
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W. Y. Cheung, CEO of BQEX stated, “We are very excited to announce this acquisition, and it will also build a very strong operating base for us, being a regulated exchange. We are thrilled to have VAEX as our new family member.”
Dato' Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “VAEX has a very strong client base in South Korea, Dubai, and has extended the VAEX community to Brazil and Mongolia as well. This new user base will add nicely to the NSAV ECOsystem and allow us to build a bigger NSAV community through this strategic transaction.”
Stanley Yu, Senior Vice President of Technology stated, “This is a very interesting transaction as, VAEX is one of the few Centralized Crypto Exchanges that connects Centralized with Decentralized Wallets. This is a good hybrid situation, blending the decentralized and centralized world together.”
NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information, please contact NSAV at info@nsavholdinginc.com
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at https://ex.nsavexchange.com/main
The NSAV CEX Twitter account can be accessed at https://twitter.com/nsavcex
The NSAVDEX 1 Exchange website can be accessed at https://nsavdex.org/#/home
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAV NFT Marketplace website can be accessed at https://nsavnft.com/
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX Exchange Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Contact
Net Savings Link, Inc.
info@nsavholdinginc.com
Attachments
- NSAV Announces BQEX Crypto Exchange Acquisition of VAEX Crypto Exchange,
- NSAV Announces BQEX Crypto Exchange Acquisition of VAEX Crypto Exchange,
- NSAV Announces BQEX Crypto Exchange Acquisition of VAEX Crypto Exchange,
FAQ
What is the significance of NSAV's acquisition of VAEX?
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