A Mauritius-based brokerage company, TP Global Limited has partnered with Belfrics International to offer blockchain solutions and crypto derivatives to its clients.
Through its own trading platform and a worldwide KYC blockchain, Belfrics operates a cryptocurrency exchange that is authorized and governed by Malaysia’s Labuan Financial Services Authority (LFSA).
TP Global FX is a retail FX and CFD broker founded in 2014 with roots in the Middle East and North Africa (MENA) region. The brokerage recently entered the South American and Southeast Asian markets.
To reach 120,000 customers in 2023 and achieve its target of $1 billion in monthly cryptocurrency derivatives trading volume by the end of 2023, TP Global FX has added cryptocurrencies to its product offering.
Nitish Sharma, Global CEO of TP Global FX, said,
“With the growing demand in the cryptocurrency derivatives industry, our users needed our services more than ever. After careful consideration of our options, we decided that partnering with Belfrics was the best solution.”
She added, “We believe that trading cryptocurrency derivatives will grow significantly as cryptocurrencies gain popularity around the world. We plan to enter the cryptocurrency ecosystem and we have found a competent partner in Berfric who will not only support us with liquidity but also with blockchain solutions to extend our services to new domains.”
Belfrics Founder and CEO Praveen Kumar also commented,
“This strategic partnership aligns with our strategy to expand our B2B offerings and supports our goal of adding more traders and investors to the Belfrics Exchange. We look forward to working together to strengthen and facilitate our ability to provide global trading of digital assets, cryptocurrencies, crypto derivative contracts, and KYC-compliant blockchain solutions.”
Commenting more about the partnership, Robert Grinberg, CEO of Life Clips, the parent company of Belfrics emphasized, “Belfrics has the ability to grow its network by acting as an opportunity engineer and growth catalyst for other cryptocurrency and FX providers. Opportunities like this with TP Global FX are paramount to our plans to continue building his Belfrics business operations with legitimate growth plans.”
TP Global FX currently has offices in Europe, Africa, Mauritius, Nigeria, Armenia, Vanuatu, and Dubai. The company offers signal services, copy trading, and crypto contract trading.