Modulus invests 3.2 mln euro in Bosnia's crypto exchange ACX

ACX will soon launch version 2.0 of its platform, transforming into a SPOT trading platform with hundreds of cryptocurrency pairs and offering clients the safest wallets through Fireblocks, the company said on its website earlier this week.

"Thanks to Modulus's investment, we will stand out from other platforms and offer what no other domestic crypto exchange in the region can currently provide. This investment allows us to significantly improve our platform and expand our business, primarily to countries in the region," Branko Petrovic, CEO of ACX told SeeNews in a statement on Wednesday.

Launched in 2023, ACX currently has the largest offer of cryptocurrencies in Bosnia and is the only one to implement an electronic KYC system with SumSub, as well as a KYT system to prevent money laundering and terrorist financing through cryptocurrencies, it said. Additionally, ACX has a certified crypto investigation team licensed by crypto investigation company Chainalysis.

(1 euro = 1.956 marka)