Fullerton Markets Enables Crypto Deposits and Withdrawals

Brokerage platform Fullerton Markets on Monday announced the addition of a cryptocurrency channel as a new deposit and withdrawal method.

The broker is now allowing its clients to make deposits using a total of 12 cryptos, which include all the major and widely used digital currencies - Bitcoin, Bitcoin Cash, Binance Coin, Bitcoin SV, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, NEO, OmiseGO, and Tron.

“Our priority has always been to ensure the most seamless experience on our platform, and this includes letting clients choose funding methods that work best for them,” Fullerton Markets CEO Mario Singh commented on the development. “Strengthening our cryptocurrency offerings will also make sure we ready ourselves for the continued increase in cryptocurrency transactions.”

Expanding options in the offer

Prior to the new crypto channel, the broker was supporting an array of deposit and withdrawal techniques, including payment through credit cards, wire transfers, local bank transfers, and multiple e-wallets, including Neteller, Skrill, and FasaPay.

Established in 2015, the Saint Vincent-registered company offers a range of trading options, including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, contract-for-differences (CFDs), and bullion.

Earlier this month, the broker partnered with a Vietnam-based company establishing a white-label partnership to expand its business in Southeast Asia. The broker also established a similar partnership with Malaysian firm BeGold Trading last year.

Meanwhile, other brokerages are also moving towards crypto to expand their deposit and withdrawal support. Last month, FX and CFDs broker FXGate enabled deposits with Tether, a USD-pegged digital currency.

“With Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term’s predicted compound annual growth rate of 69.4% from now till 2025, we can expect to see greater cryptocurrency adoption and more active cryptocurrency users in the next few years. Having the resources to support these developments will no doubt help us serve our existing and future clients better,” added Mario.