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- Fullerton’s Markets CEO, Mario Singh, talked about this new feature stating that they aim to achieve a seamless and secure transaction process their platform.
- The brokerage platform Fullerton revealed that it would be using a cryptocurrency channel as a new deposit and withdrawal method.
- Fullerton formed a white-label partnership with a Vietnam-based company to increase its presence in Southeast Asia.
On Monday, the brokerage platform Fullerton revealed that it would be using a cryptocurrency channel as a new deposit and withdrawal method. Now, the clients of Fullerton can make deposits and withdrawals using 12 different cryptocurrencies, viz. Bitcoin, Bitcoin Cash, Binance Coin, Bitcoin SV, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, NEO, OmiseGO and Tron.
Fullerton’s Markets CEO, Mario Singh, talked about this new feature stating that they aim to achieve a seamless and secure transaction process their platform. To ensure that clients don’t get limited when it comes to funding methods, Fullerton introduced the new cryptocurrency channel.
Now, the clients can choose from a wide variety of cryptocurrencies. He also mentioned that by making their cryptocurrency offerings much better, they are ensuring that they can handle a larger number of such transactions in the future.
This new feature is highly appreciated as it increased the options available to the customers. Earlier, a customer had options to make deposits or withdraw using credit cards, wire transfers, local bank transfers, and multiple e-wallets, including Neteller, Skrill, and FasaPay.
As for Fullerton, it was established in 2015 and is registered in Saint Vincent. Fullerton offers trading options, including forex, contract-for-differences (CFDs), and bullion.
During the beginning of February, Fullerton formed a white-label partnership with a Vietnam-based company to increase its presence in Southeast Asia. They also developed a similar alliance with Malaysia-based firm BeGold Trading.
At the moment, other brokerages are also planning to introduce cryptocurrency-based options to make their deposit and withdrawal processes more versatile. Earlier this year, FX and CFDs broker FXGate allowed its customers to make deposits using Tether, a digital currency pegged against the USD.
A representative from Fullerton commented that Blockchain has a predicted compound rate of up to 70% per year. This trend will continue until 2025 and will ensure that cryptocurrencies are adopted at a much larger scale. Now, the number of users relying on cryptocurrency is not significant.
Still, they will grow down the line, and when it happens, Fullerton would be ready to serve its clients without any additional downtime due to upgrades.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
