Bitfoliex Partnership with Megastore-Chain Brings Record New Registrations

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • Bitfoliex has reportedly struck a deal with a megastore-chain.
  • Bitfoliex’s senior executive noted that the platform has observed new registrations since they last unveiled the deal. 
  • As soon as the vendor integration will be over, it will result in the surge of millions of users. And it is not just to the Bitfoliex platform but to the overall crypto market.

Bitfoliex provides a platform to users for the trading of cryptocurrencies instinctively. This platform owns around 1 Million accounts and was started in the year 2018. The company’s objective is to impend non-crypto centric users into its platform. To achieve this, it offers a simplified user-interface besides ease of use. 

The simple yet secure platform, Bitfoliex has reportedly struck a deal with a megastore-chain. The megastore chain owns around 1050 franchises in and around South America and Brazil.

A Senior executive of Bitfoliex stated they are likely to onboard more and more new users rounding to millions. He also noted that the platform has observed many more new registrations on a daily basis. And this is since they last unveiled the deal. 

Bitfoliex currently seeks to provide custodial services to institutional clients

Currently, the platform offers 2 main features. To hold the cryptocurrencies with high security and to serve the financial institutions for managing crypto assets.

It has now geared up for the provision of custodial services to institutional clients. As a result, this will lead to the expansion of Bitfoliex’s market share and serve numerous clients. The company had earlier announced about launching OTC trading (Over-the-counter) services shortly. The development of this story is highly awaited as the crisis has affected every business process. Besides its merchant payment system, people can accept crypto payments worldwide.

Beneficial not just to Bitfoliex but to the Crypto Market too

As soon as the vendor integration will be over, it will result in the surge of millions of users. And it is not just to the Bitfoliex platform but to the overall crypto market. Additionally, it will offer people easy exposure to Bitcoin, and eventually, make them curious to know more about crypto-economics. The way Bitcoin is designed, it undoubtedly owns the capability to attract a huge crowd towards it. Hence, increasing their curiosity to know more about other projects too.

As everyone’s time has turned historic presently, wherein more and more people are facing money losses. And therefore, the present time can prove the best to drive people towards Bitcoin. Letting people know how wondrous the crypto world in real-time is.

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