Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

LiteLink Technologies to acquire an ownership interest in Canadian cryptocurrency exchange CatalX CTS

% of readers think this story is Fact. Add your two cents.

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKD) (FRA:C0B0) reported that it has agreed to acquire a 19% equity stake in CatalX CTS Ltd, which the company considers to be Canada’s premier cryptocurrency exchange, with more than 40 Altcoins available for purchase. 

LiteLink said it will make a C$2 million equity investment in CatalX CTS, consisting of 15 million LiteLink common shares and a cash payment of $500,000, which would value the cryptocurrency exchange at more than C$10.5 million. 

“We are very excited to invest in CatalX and gain a valuable stake in the booming crypto market,” LiteLink Technologies CEO Peter Green said in a statement.   

READ: LiteLink Technologies driving innovation in shipping, logistics and digital payment technology

He added: “CatalX, which is Canada’s leading cryptocurrency exchange, has had an outstanding year and continues to grow. In January, CatalX experienced significant growth in its trading volume, which increased by 426% month-over-month and saw its net deposits grow by 236% during the same period. In short, this company is growing very quickly.”

The company noted that CatalX, a FINTRAC registered and compliant digital asset exchange platform that specializes in cryptocurrency trading, blockchain and cybersecurity technology, has continued to see an increase in both its trading volume and daily deposits in 2021, with key metrics that include:

  • Monthly net deposits of about C$1.3 million in January, a 236% increase month-over-month (MoM);
  • Monthly trading volume of $4.2 million in January, an increase of 426% MoM;
  • Daily deposit volume in the first nine days of February increased 65% MoM to $566,000;
  • A 34% increase in trading volume for the first 12 days of February ($1.3 million) compared to the first 12 days of January; and
  • A 45% increase in deposit for the first 12 days of February ($586,000) compared to the first 12 days of January.

LiteLink added CatalX has developed a scalable and modularized platform with a trading engine that can scale to millions of users in real-time, as well as a “cutting-edge” cybersecurity system in CyberSmoat, with features that include:

  • $0 deposit fees and immediate funding;
  • 0.15% trading fees;
  • Tightest buy and sell spreads in Canada at less than 0.1%; and
  • Lowest rates to buy Bitcoin in Canada

LiteLink Technologies, which is planning to change its name to name to TechX Technologies Inc, is a dominant player in developing world-class enterprise platforms and digital wallets.

Contact Sean at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.