Switzerland-based crypto broker Bitcoin Suisse has reportedly bought a small sum of CoinRoutes Inc. minority stakes – a company specialised in building smart order routing and algorithmic trading software.

As revealed on October 22 by Bitcoin Suisse, the firm has successfully purchased a small amount of CoinRoutes shares ($3 million). Niklas Nikolajsen – a  Bitcoin Suisse Group executive – has joined CoinRoutes’s US and Swiss entities to be one of their directors. 

Before the news broke about the purchase, Bitcoin Suisse has been putting CoinRoutes’ Smart Order Routing, along with its Consolidated Best Bid & Offer (waiting for a patent), through the testing phase, in order to generate a full assessment of the actual capability of the product. 

Bitcoin Suisse has in the end integrated the features entirely into its existing brokerage and trading platform.

Bitcoin Suisse has recently teamed up with fintech company Amun, which led to the introduction of numerous new lines of new tools, nominally a new digital coin exchange-traded product, to be placed on the Swiss stock exchange SIX. 

In July 2019, Bitcoin Suisse has also submitted documents to obtain dealer licenses to operate in Switzerland, from the nation’s finance lawmakers.