FORT LAUDERDALE, Fla.,
Sept. 4, 2018 /CNW/ -- Riot
Blockchain, Inc. (NASDAQ: RIOT) ("the Company") announced that its
subsidiary RiotX Holdings Inc ("RiotX") has entered into a Software
License and Services Agreement (the "Agreement") with goNumerical
Ltd. (dba "Coinsquare") to provide a RiotX branded version of the
Coinsquare platform with customized functional integrations and
associated transaction processing services for use by RiotX.
RiotX has obtained an exclusive license for the U.S. market through
this partnership with Coinsquare. The Company intends to
provide this offering for select customers at
RiotX.com.
RiotX has been investigating and pursuing the regulatory pathway
for the launch of a cryptocurrency exchange in the United States since the start of the
year. The Agreement with Coinsquare finalizes a key component
in the ability to offer certain customers in the United States a proven platform that
prides itself on security and customer experience. Coinsquare
has built itself into a market leader in Canada since launching in 2015, and has
successfully raised over CAD $50
million in the past twelve months with prominent investor
participation.
RiotX, through its subsidiary Logical Brokerage Corp, is a
futures introducing broker that is registered with the Commodity
Futures Trading Commission ("CFTC") and is a member of the National
Futures Association ("NFA")*. RiotX is licensed with FinCEN
as a Money Service Business, has obtained a Florida Money
Transmitter License, and is actively pursuing additional state
Money Transmitter Licenses.
*LOGICAL BROKERAGE CORP. IS A MEMBER OF NFA AND IS
SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS.
HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE
REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL
CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES,
CUSTODIANS OR MARKETS.
About Riot Blockchain
Riot Blockchain is focused on building, operating, and
supporting blockchain technologies. Its primary operations
consist of cryptocurrency mining, targeted development of exchange
and mining pool platforms, along with other investments within the
sector. For more information, visit:
http://www.RiotBlockchain.com/
About Coinsquare
Coinsquare is Canada's most
secure digital currency trading platform for buying, selling, and
trading Bitcoin, Ethereum, and other digital currencies.
Since its founding in 2014, they have never lost a coin.
Remaining steadfastly focused on transparency, risk mitigation, and
building an open-minded culture, Coinsquare is on a mission to grow
into a multi-faceted financial services company anchored in
blockchain technology.
https://coinsquare.com/
About RiotX
RiotX is working to launch a cryptocurrency exchange initially
serving select customers within the United States. RiotX aims
to simplify cryptocurrency for the masses and will be focused on
providing retail customers a transparent and secure offering to
transact in cryptocurrencies.
https://www.riotx.com/
Investor Notice
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully consider
the risks, uncertainties and forward-looking statements described
under "Risk Factors" in Item 1A of our most recent Form 10-K for
the fiscal year ended December 31,
2017 filed with the Securities and Exchange Commission (the
"SEC") on April 17, 2018, as amended
on Form 10-K/A on April 30, 2018 and
June 29, 2018, and in periodic and
current reports we file with the SEC. If any of these risks
were to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of your
investment. The risks and uncertainties we describe are not the
only ones facing us. Additional risks not presently known to us or
that we currently deem immaterial may also impair our business
operations. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See "Safe
Harbor" below.
Safe Harbor
The information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as "anticipates," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic and current
filings with the Securities and Exchange Commission, including the
factors described in the sections entitled "Risk Factors", copies
of which may be obtained from the SEC's website at www.sec.gov. The
Company does not undertake any obligation to update forward-looking
statements contained in this press release.
Media Contact: PR@riotblockchain.com
Investor Contact: IR@riotblockchain.com
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SOURCE Riot Blockchain, Inc.