The US crypto exchange Bittrex has become a shareholder in the Maltese Blockchain company Palladium, after buying a 10% stake in the company.
The local news outlet Time of Malta spoke to the founder of Palladium, Paolo Catalfamo who said:
“We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology.”
Before the investment was executed by Bittrex, Palladium was owned by the bank holding company Investar Holding, which held 85% in the company, and an eSports betting platform Unikrn, which held 15% in the company.