BitNile To Launch Bitcoin Marketplace In 2023

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Mining Farm; Photo Source: Blockworks
BitNile’s Executive Officer, Milton Ault, said,  “Our plan is to build an innovative Bitcoin-focused e-commerce platform that combines our experience in the cryptocurrency sector with our long-term philosophy of investing in disruptive technologies with a global impact.”

Crypto mining firm BitNile announced its plans to release a multi-vendor Bitcoin e-commerce platform in the first half of 2023.

According to BitNile’s press release, the marketplace will offer lower fees than e-commerce platforms. This venture aims to leverage Bitcoin and other “innovative technologies.”

Ault noted,

“We believe the prospect of powering e-commerce with Bitcoin is a huge opportunity.”

BitNile will launch the marketplace as both an app and a web application. The firm claimed that setting up this platform will reduce the complexity of conducting transactions in Bitcoin.



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The marketplace will include third-party integrations. It will also require the buyer and seller to participate in a pre-verification program before they make any transactions. 

Despite the decline in crypto-mining, BitNile reported a prelim revenue of $49M in Q3 2022. This declaration surpassed the consensus estimate of $23.7M.

Written by
Ayush Pande
BitNile’s Executive Officer, Milton Ault, said,  “Our plan is to build an innovative Bitcoin-focused e-commerce platform that combines our experience in the cryptocurrency sector with our long-term philosophy of investing in disruptive technologies with a global impact.”

Crypto mining firm BitNile announced its plans to release a multi-vendor Bitcoin e-commerce platform in the first half of 2023.

According to BitNile’s press release, the marketplace will offer lower fees than e-commerce platforms. This venture aims to leverage Bitcoin and other “innovative technologies.”

Ault noted,

“We believe the prospect of powering e-commerce with Bitcoin is a huge opportunity.”

BitNile will launch the marketplace as both an app and a web application. The firm claimed that setting up this platform will reduce the complexity of conducting transactions in Bitcoin.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The marketplace will include third-party integrations. It will also require the buyer and seller to participate in a pre-verification program before they make any transactions. 

Despite the decline in crypto-mining, BitNile reported a prelim revenue of $49M in Q3 2022. This declaration surpassed the consensus estimate of $23.7M.

Written by
Ayush Pande