Bitcoin exchange Celery launches in Canada with Vogogo

The Vogogo platform provides Celery with sophisticated risk management, compliance and payment processing services to support its clients as they exchange between Bitcoin and fiat currencies.

Since being founded in early 2015, New York-based Celery has successfully targeted those new to digital currencies, building a reputation as one of the easiest ways to get started with buying and trading bitcoin. Celery has already accumulated over 10 thousand users and processed over two million dollars in volume. Notable investors in the platform include Draper Associates and BoostVC.

"This release marks the first expansion of Celery outside the US." said Celery co-founder Divya Thakur. "Vogogo's unified payments, risk and bank verification API enabled Celery's Canadian integration to be straightforward and exceptionally fast. Snowbirds, Canadian professionals and businesses that make cross-border payments in US and Canada, now have a new and highly-accessible bitcoin-based option."

"Vogogo continues to position itself as a pivotal partner to the crypto industry's largest and most influential companies as well as new, smart and dynamic organizations like Celery which are scaling rapidly and experiencing significant growth." said Vogogo CEO Geoff Gordon. "We're immensely excited to be working with each of these groups and helping to solidify the global crypto ecosystem."

As well, Vogogo reports that a total of 980,000 options have been granted to certain directors and officers of the Company, all at an exercise price of $1.20 per share. This annual grant is part of Vogogo's employee incentive and retention plan and remains subject to regulatory approval.

All of the options granted to directors and officers of Vogogo vest over a 3 year period, with 1/3 coming available after each year of service to Vogogo. All of the options are exercisable for a period of 5 years.