In an acquisition deal worth less than $1 million, Brazilian bitcoin exchange Foxbit has acquired Bitinvest, which is an exchange and payment processing company. Bitinvest is also located in Brazil, and with the acquisition Foxbit looks to grow their customer base in the region and strengthen their business.

Read more: http://bitcoinx.io/news/articles/brazilian-bitcoin-exchange-foxbit-looks-to-grow-with-the-acquisition-of-bitinvest/