A new bitcoin exchange, MonetaGo, has announced the launch of a platform available across 35 countries and promises to expand to 15 more by the end of the year.

The new trading platform claims to support over a dozen currencies in 24 languages. The service has been launched in a closed beta version and for now the website only offers trading in BTC/USD and BTC/Singapore dollars.

“We are very excited to launch MonetaGo’s global exchange today. It is the beginning of a future in financial technologies that will enable the rapid and secure transmission of funds anywhere in the world for a fraction of the cost of today's solutions,” Jesse Chenard, CEO of MonetaGo, says.

Jesse Chenard posted on Twitter to say that he has received official Money Services Businesses FinCen registration for the U.S.-based MonetaGo.

The startup is named after the Roman goddess Juno Moneta or Juno 'who the protects the funds'. Juno’s temple in Rome was the place where all coins were created and stored. MonetaGo regards security as its main priority.

“We use military-grade security systems with layered encryption and authentication. All of our web services and communications use 128-bit encryption over SSL-secured servers which is the highest encryption available for secure communication on the net. Our layered security architecture mitigates the risk of any attack that could compromise the entire system,” the website reads.

MonetaGo’s international team includes regional directors in India, Southeast Asia, South Africa, and Australia and New Zealand. The startup uses the digital currency exchange provider AlphaPoint for its services.

Aliona Chepel