Well-Positioned Crypto Exchange Services: AXXA 1Myle Swaps
Deal type: Private Equity
Market focus: Bitcoin, Cryptocurrency Exchange Services
1Myle is a UK-based financial software services company that operates as a dedicated crypto exchange services operator and a focused high frequency arbitrageur. 1Myle has developed an automated Know Your Customer (KYC) software package that is Anti-Money Laundering (AML) and Counter Terrrorism Funding (CFT) compliant, and is integrated onto the Exchanges clients trade through. In this role, 1Myle buys and sells alt currencies, including Bitcoin, Ethereum profiting from price differentials irrespective of price movements or direction. Revenue is generated through proprietary in-house algorithms.