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Watermark Trading Exchange, one of Wall Street’s leading real estate note exchanges, announced today that they have integrated Bitcoin as an option for customers to transact in. Previously it was only possible for traders to transact in Euro or US Dollar, but now they can also utilize the most popular cryptocurrency, Bitcoin.
Watermark is the first trading company based within the US to accept Bitcoins for real estate notes, after receiving numerous requests from traders for it. The traders asking for Bitcoins primarily came from Europe, South America and Asia, but also from some American companies and traders.
“We understand bitcoin is becoming a very important way of paying for transactions, so we’ve been working hard to integrate bitcoin capabilities into our platform. Our team is constantly looking for ways to improve the trading experience of our clients. We really believe that adding bitcoin as a form of payment on our exchange will offer even more flexibility to our international real estate investors looking to add defaulted notes to their own portfolio.” Chief Executive Officer and Founder of Watermark Trading Exchange, Val Sotir said in a press release.
Watermark has signed with BitPay to convert Bitcoins into US Dollars, making it possible for them to serve even more customers than they already could. It will be interesting to see if the Bitcoin value will rise now that it can be used for trading and if their numbers will be boosted by the integration of the popular Cryptocurrency.