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March 13, 2014

Perseus Telecom and ATLAS ATS to Launch New Bitcoin Platform

Perseus Telecom, a telecommunications services company, and ATLAS ATS, the digital currency trader, have partnered to launch a new Bitcoin exchange system tailored for large and high-frequency financial institutions and trading firms. The globally integrated exchange will be in operation in New York, Hong Kong, and Singapore.

The news comes after Perseus launched its new Digital Currency Initiative (DCI), in order to provide support to the Bitcoin trading community, and began accepting Bitcoin payments itself last month. The collaboration with ATLAS ATS was first reported by the Wall Street Journal, stating that the new exchange is an important “milestone in the evolution of Bitcoin.”

Jock Percy, CEO of Perseus, explained that ATLAS ATS’ platforms will provide much stability in trading Bitcoins for larger companies. He explained that most exchanges are based on the cloud and are “inherently glitchy.”

ATLAS’ Bitcoin platform currently handles about 10,000 transactions a day, according to CEO Shawn Sloves.

“Selecting Perseus as our exclusive global network partner allows the ATLAS ATS teams in New York, Hong Kong, and Singapore to focus on maintaining first to market advantage with the most robust FIX engine for digital currency trading,” he said in a statement.

“Perseus offers high precision trading access in colocation centres [sic] worldwide and adding ATLAS ATS as a new and highly liquid platform is an immediate response to customers demanding Bitcoin trading,” said Percy in the same statement. “The Perseus Digital Currency Initiative is providing governance strictly supporting KYC (Know Your Customer) and AML (Anti-Money Laundering) principals [sic].”

Edited by Cassandra Tucker

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