(Duplicated) Crypto Exchange Belfrics Group Partnered with Foreign Exchange Broker TP Global to Offer Crypto Derivatives Solutions

Malaysian cryptocurrency exchange Belfrics Group has partnered with foreign exchange broker TP Global Limited to launch crypto derivatives and blockchain solutions.

Belfrics Global is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, and investors can trade BTC, ETH, and other 25 cryptocurrencies on its trading platform.

Founded in 2014, TP Global FX Limited uses its state-of-the-art trading experience based on artificial intelligence/machine learning to provide investors and traders with the best foreign exchange trading conditions.

Rooted in the Middle East and Africa, it has recently entered the South American and Southeast Asian markets.

TP Global FX expects to have 120,000 clients by 2023 and expects monthly trading volume in crypto derivatives to reach $1 billion by the end of 2023.

According to Nitish Sharma, global CEO of TP Global FX, crypto derivatives trading will see massive growth.

He added: “The partner will not only support our crypto liquidity but will also provide blockchain solutions to expand our services into new areas.”

Praveen Kumar, CEO, and founder of Belfrics believes that the signing of the Memorandum of Understanding will increase the company's strategy for B2B services, the goal of adding traders and investors to the Belfrics exchange, and enhance our offering of digital assets, cryptocurrencies and the ability to trade crypto derivatives contracts globally.