It was announced today that Denmark-based Evonax has bought fellow Danish originated company ExchangeMyCoins.com. Last year, in May 2017, the owners of a small bitcoin platform ExchangeMyCoins.com, that once specialized in BTC to PayPal transfers put their exchange business up for sale.
The new owners are established within e-commerce and Evonax A/S is a subsidiary company of Thyregod Invest ApS. The holding company is privately owned and has an equity of $27 million and operates in 8 countries.
Poul Thyregod, CEO of Evonax said:
“Evonax.com has bought ExchangeMyCoins and we have opened the site again and ready for exchanging your coins today.”
“We are now working hard to extend our range of cryptocurrency’s and other services and hope you will use us in the future. If you have some great ideas that would make the site better please let me know.”
The original ExchangeMyCoins.com launched in 2014 as an easy-to-use crypto service for exchanges between the most popular crypto coins and later also introduced fiat currency. Once PayPal wouldn’t allow necessary cooperation for the service, the business declined as it relied heavily on PayPal exchanges.
Toward the decision to sell, the only options for exchanges listed were bitcoin, litecoin, and dogecoin with no fiat option. The previous owners stated, “with the introduction of multi-currency wallets and growth in the technology of services like Exodus, Changelly, and ShapeShift, its service became outdated.”
The exchange can now be accessed at Evonax.com.