Cryptocurrencies, Young Platform acquires the London company Arithmos Trading – Corriere.it

From the classrooms of the Polytechnic of Turin to the acquisition of Arithmos Trading. the path of Young Platform, a fintech start-up founded with the aim of making it easier for investors to enter the world of cryptocurrencies, which announced the acquisition of the London-based company specializing in the development of trading systems. Collaboration, in fact, the platform will be able to operate a system of automatic trading that is processed at very high speed multiple sources of information, in order to maximize profits and minimize risks.

Acqui-rental

The transaction defined acqui-hiring, a term that designates the process of acquiring a company aimed primarily at recruiting its employees. It means that intellectual property and the Arithmos team will join the Young Platform team. A decision that allows to increase advanced technologies and skills in the world of cryptography in Italy, usually developed abroad. We are proud to have achieved such ambitious results in just two years – commented the Italian founders of Arithmos, Edoardo Degli Innocenti and Matteo Meinardi -, thanks to the focus on developing innovative and efficiently integrated products, including we expect considerable synergistic contributions to accelerate Young Platform’s growth as an industry leader.

Algorithms

The upside for Young Platform is consolidating its position in the ever-growing cryptocurrency exchange market. With the algorithms provided by the British company, characterized by a proven track record and objective results, it will be possible for the platform team to best meet the needs of investors. We believe that artificial intelligence applied to trading will play an important role in the future of Young Platform – reminded Andrea Ferrero and Mariano Carozzi, respectively CEO and President of YP -. The solutions developed by Arithmos are the highest in terms of reliability and performance. We are excited about the near future of Young Platform and with this team on board, we look forward to to further accelerate our development also internationally.

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