The Daily: Bitdeer Expands in Eastern Europe

Mar 12, 2019 Source: View original has launched a Russian version of its website. The announcement comes with the news that the computing power-sharing

Bitdeer Launches Russian Site, Partners With Exmo has launched a Russian version of its website. The announcement comes with the news that the computing power-sharing platform has teamed up with Exmo, the largest digital asset trading platform in Eastern Europe. The partnership will allow Bitdeer and Exmo to provide their users with the opportunity to participate in cryptocurrency mining with no technical insight or investments in server infrastructure.

The two companies hope to popularize the minting of digital coins and contribute to the development of the crypto market. Offering new payment processing models and related customized products to the public is also part of their plans for the future.

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Bitdeer CEO Celine Lu described the two initiatives as a milestone for the company’s venture in Eastern Europe. “Through the new partnership with the region’s largest crypto exchange and the launch of a localized website, has geared up to bring the best service to local as well as global individual miners,” Lu said, noting that around a third of the platform’s users come from Russian-speaking mining communities.

Despite the bearish trend in the crypto space, has seen its traffic reach over 1.2 million visits and over 50,000 daily active users. The platform has users from more than 165 countries. Over 40 percent of its orders have been placed by customers in the U.S.

Leading crypto companies such as Huobi and Binance have been taking steps to expand their presence on the Russian market, establishing offices in the country and offering Russian-language services. Crypto exchange Exmo enjoys growing popularity in the greater Russian-speaking world thanks to supporting trading pairs with local fiat currencies such as the Russian ruble and the Ukrainian hryvnia.