Bitcoin Funding Integrated By Brokerage Firm Fullerton Marketsbr>
New Zealand-based brokerage company Fullerton Markets has successfully integrated a bitcoin funding method for client accounts.
Founded in 2015, Fullerton Markets provides online brokerage services for foreign exchanges, metals, crude oil, and indices trading. The company is a registered financial services provider under the New Zealand’s Financial Markets Conduct Act 2013 and as such is regulated by the Financial Markets Authority (FMA). The company is headed by Mario Singh, a forex analyst and coach who is popular particularly in the Far East.
Singh said they have had loads of requests over the last couple of months to integrate a payment processor which accepts bitcoin. According to Singh, the requests have not dropped despite bitcoin falling over 50% in the last one month alone.
Singh said the bitcoin funding’s deposit process is instant, with no delays compared to a normal wire transfer. All transactions are universally verified by blockchain technology with no handling of sensitive personal information. This adds to the security of the payment and the protection of personal data. He added that the company don’t charge deposit fees. The only fee clients need to pay is the mining fee, which goes directly to the miners.
“I’m really pleased that the team worked hard to integrate bitcoin funding to add to our other payment options,” said Singh. “To get this up before the upcoming Chinese New Year celebrations all over Asia is a bonus.”
Cryptocurrencies have seen a massive sell-off over the last few days, with bitcoin falling below $6000 on Tuesday for the first time since November. But despite current market conditions, Singh remains upbeat that bitcoin funding will see a huge uptick at Fullerton Markets.