Atlas Trading, a virtual trading platform that allows players to buy and trade stocks and currencies on real-world markets, has announced a new partnership with cryptocurrency exchange CoinLab.
The news comes as the two companies look to create a digital currency that will allow them to offer more stable, reliable, and convenient trading in virtual markets, and is a step in the right direction toward building a digital platform that can help investors avoid the volatility and price swings associated with the traditional trading markets of the virtual currency world.
The announcement comes at a time when bitcoin and altcoins are enjoying explosive growth in the cryptocurrency world.
In December, bitcoin surpassed $1,000 for the first time.
The value of all digital assets, including cryptocurrency, is on the rise, and more people are beginning to experiment with cryptocurrencies and blockchain technology, a technology that underpins cryptocurrencies and other virtual currencies.
Atlas Trading is now one of the first bitcoin exchanges in the U.S. with a digital trading platform.
CoinLab, which has a network of more than 200,000 active customers in the virtual trading space, has been working with the company since late 2016, when it began accepting bitcoin.
“The Atlas Trading team has a long history of supporting the development of new technologies and blockchain applications that help build the new digital economy and the new financial world,” said David Smith, co-founder of Atlas Trading and CEO of CoinLab (a division of the New York Stock Exchange).
“Atlas trading is one of those technologies and applications.
Coinlab’s digital currency platform is a key part of this solution.”
Atlas will begin to accept bitcoin for trading starting in the first quarter of 2019.