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COSTAS INC. (CSSI) Completes Full Acquisition of Authentatrade to Provide Full-Service Crypto Exchange Platform
COSTAS INC. (CSSI) Completes Full Acquisition of Authentatrade to Provide Full-Service Crypto Exchange Platform.
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[{"type":"text","content":"\n\n LAS VEGAS, Jan. 01, 2018 (GLOBE NEWSWIRE) -- Clifford Redekop CEO of COSTAS, INC. (CSSI)  and fellow Board Director, Stephen L. Gomes, announced today Costas has completed the acquisition of 100% of Authentatrade PTE, Ltd ., a fully functional cryptocoin exchange platform based in the Republic of Seychelles.  Authentatrade management is finalizing various testing for security and client demand loads before launching in the next 30 days.  Costas previously owned 48% of Authentatrade, Ltd.\n Authentatrade has several leading-edge platform assets in pre-launch phase as well as an experienced team with expertise in business development of blockchain framed enterprise to deliver crypto financial services advanced in security and speed.  Costas intends to leverage the technology of Authentatrade’s platform in vertical and horizontal markets to generate revenue by serving the burgeoning cryptocurrency customer base.  In fact, several cryptocurrency exchanges are refusing new customers. https://news.bitcoin.com/bitcoin-exchanges-closing-doors-new-traders/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications Market capitalization for crypto coins is approximately 600 billion dollars.  Global cryptocurrency markets are now averaging the same daily trading volumes as the New York Stock Exchange.  Twenty-four-hour trade volume in the cryptocurrency market passed the $50 billion mark before Christmas, according to CoinMarketCap.com. That is close to the average daily volume of trade on the New York Stock Exchange this year.  Daily trading volumes on the London Stock Exchange hover at about 5 billion Euros, or $6.7 billion. http://www.businessinsider.com/daily-cryptocurrency-volumes-vs-stock-market-volumes-2017-12 Leading cryptocurrency trading firms such as Binance.com and poloniex.com are exchanging more than $4 billion  daily. Ubiquitous media attention on Bitcoin’s (BTC) meteoric rise in value and the surge of other cryptocurrencies such as Ripple (XRP), which overtook Ethereum (ETH) to become the second largest capitalized coin last week, have helped generate the explosion in crypto coin trading, further stressing the need for responsible cryptocurrency exchanges with responsive and accountable customer service and government liais...