Koinal Launches in Lithuania Continuing European Expansion

Koinal, the platform which allows individuals to buy and sell cryptocurrencies, which is owned by the global cryptocurrency-based fintech services group, SG Veteris is delighted to announce it has opened a new office in Vilnius, Lithuania, bringing its’ total number of offices to four.

SG Veteris is now authorised to provide exchange services for cryptocurrency against fiat currency, as well as being a cryptocurrency wallet service provider, allowing users in Lithuania to access its Koinal and Bitpace (crypto B2B payment gateway service) products.

Koinal provides a fast, easy and secure way to trade in the most popular cryptocurrencies 24/7 with credit and debit cards, as well as bank transfers. It offers low processing fees and has a strong focus on security and fraud prevention measures. Koinal has global reach and supports the buying and selling of cryptocurrencies worldwide and accepts most cards across 150+ countries.

The SG Veteris and Koinal Lithuanian office will initially employ around 40 staff and has plans to expand the team and employ a local country manager to lead it.

Commenting on the appointment, Anil Oncu, Chief Executive at SG Veteris said:

“Lithuania is a developed and vibrant market that supports innovation and offers excellent growth opportunities, which is why we are seeing many major players entering it. It is particularly attractive to us because it offers a high level of security through its robust cryptocurrency regulations, which is important. We are looking at expanding our registrations in a number of reputable jurisdictions and operating in Lithuania met our requirement to offer peace of mind for our customers and demonstrate that we are a safe, secure provider so they can use our services with confidence.”

About SG Veteris

Founded in 2016, SG Veteris is a global cryptocurrency-based fintech services group, which is headquartered in London and has offices across four countries.

It provides secure, fast and reliable cryptocurrency-based financial solutions for individuals and businesses of all sizes, to make cryptocurrency easy to access and use. Its brands include:

• Koinal: provides a range of services to enable individuals to buy and/or sell cryptocurrencies 24/7 with credit and debit cards and bank transfers. (www.koinal.io)
• Bitpace: provides instant payment processing services which allow businesses to accept payments in a range of cryptocurrencies for their products and services. (www.bitpace.com)
• OTC Trading: a personal over the counter service for those wanting to trade high cryptocurrency volumes (over £100k).

For further information please contact:

Siobhan Griffiths

Head of PR + Communications

SG Veteris

0777 550 5176

siobhan.griffiths@sgveteris.com