BitSonar Establishes an Office in Estonia and Enters the Western Market

May 07, 2019 at 12:47 // News

BitSonar company that develops software solutions for cryptotrading market announced the release on the European market. To do this, BitSonar establishes an office in Tallinn (Estonia) and strengthens the center for the development of artificial intelligence and machine learning systems with new specialists.

“The company has been working in the Asian market for several years. Our algorithms, strategies and technologies are successfully used by crypto traders from China, Malaysia, Japan and other countries. This year, the council of investors decided to bring to the market the finished product ScanBot, adapted and localized for the Western market. Accordingly, we transfer the administrative center to Estonia”, Marius Zacca, CEO BitSonar says.

“The development center remains in Malaysia but the team will be strengthened by technical specialists from European countries. ScanBot is an innovative product that allows both a beginner and an experienced trader to trade successfully on cryptocurrency exchanges. Our main goal is to bring our unique technologies to the market of Europe and other countries”, Mustafa Haddad, MENA BDO BitSonar said.

The company believes that the ongoing institutionalization of the cryptocurrency market has a positive impact on the exchange trading industry around the world, which makes it possible to bring high-tech products to the market for this sphere. 

BitSonar is a company established by a group of private investors in 2016. Based on its own developments in the field of artificial intelligence and machine learning, the company has created an algorithmic bot ScanBot, for trading on cryptocurrency exchanges. For several years, the team has been improving trading strategies for the most risk-free operations with cryptocurrencies.

In 2017, the company created a private investment fund EchoFund. Currently, the fund is open for direct private investments.

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