this was in the Bitbuy email newsletter I get every week:
Bitbuy.com Acquired in One of The Largest Domain Acquisitions in Canadian History
Just weeks after becoming the first regulated crypto marketplace in Canada, Bitbuy has taken its first major step towards international expansion by purchasing the domain name bitbuy.com in one of the richest domain acquisitions in Canadian history.
The acquisition is part of a larger partnership between and Bitbuy and Kogan.com, one of Australia’s largest and most loved online retailers. The key elements of the agreement include the transfer of the domain as well as an advertising arrangement whereby Kogan.com will provide marketing support to Bitbuy’s future launch into the Australian market.
In announcing the agreement, Bitbuy Chief Operating Officer Jordan Anderson said, “Bitbuy has always set its sights on international expansion. Our experience and expertise in working within a highly regulated environment here in Canada gives us a great platform to succeed in other similar, or soon to be, regulated environments around the world. By partnering with Kogan, we not only obtain the domain required but also the services of an expert in the Australian marketplace.”
Kogan.com Executive Director David Shafer adds, “The domain sale not only delivers returns for Kogan shareholders but also provides an opportunity to benefit from Bitbuy’s future success in the crypto business abroad and potentially in the Australian market.”