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Crypto Biz Magazine - Closure of Vault of Satoshi shakes Canadian bitcoin market

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The Canadian bitcoin market has been shaken by the recent closure of a popular bitcoin exchange called Vault of Satoshi. Yuri Yerofeyev, an OTC bitcoin trader, entrepreneur and director of The Bitcoin Co-op filled the gap with his new venture: a Vancouver-based online bitcoin exchange called Taurus.

Additional Information:

Company: Crypto Biz Magazine
Website: http://cryptobizmagazine.com/
Date Published: May 19, 2015
Transcript: Available

Video Transcript:

I'm Jay Addison for Investmentpitch media and Crypto Biz Magazine,

The Canadian bitcoin market has been shaken by the recent closure of a popular bitcoin exchange called Vault of Satoshi. Yuri Yerofeyev, an OTC bitcoin trader, entrepreneur and director of The Bitcoin Co-op filled the gap with his new venture: a Vancouver-based online bitcoin exchange called Taurus.

With a beta launch in February, Taurus offers a modern trading platform with a clean design, convenient payment methods and a responsive customer service team. Its partnership with Coinkite allows the exchange to store the majority of the user funds in a multi-signature wallet which provides the highest level of security.

According to Yerofeyev, although Taurus is still in beta, the exchange is fully operational and user accounts can already be funded with wire transfers and INTERAC Online. A contract with Vogogo will bring yet another sophisticated and convenient method of payment in the near future. The development roadmap includes many other exclusive features as well as a constant improvement in design and user experience.

Thanks to its progressive fee structure Taurus will be attractive to high-volume and institutional traders: fees start from 0.5% and go down to 0% with volumes traded. The enterprise aims to compete with the leading bitcoin exchanges in Canada and diversify the Canadian market.

I'm Jay Addison for Investmentpitch media and Crypto Biz Magazine. For more video news, and to view our disclaimer, please visit our website at www.investmentpitch.com and to receive our latest videos, please sign up for our RSS feed. Visit www.CryptoBizMagazine.com to learn more about Bitcoin and CryptoCurrencies. This video is for information purposes only and it not a recommendation to buy or sell any securities.