ZuluTrade, which was acquired by Finvasia last month, revealed on Friday that it is planning for expansion this year and adding new capabilities to its existing social trading platform.
The platform is eying to enter new markets and add different financial instruments to broaden its offering. In addition, it confirmed that it will add cryptocurrencies , stocks and bonds.
Furthermore, Zulu will seek regulatory licenses across various jurisdictions to strategically expand its portfolio management capabilities to potential users globally.
“Finvasia’s acquisition of ZuluTrade hallmarks an exciting opportunity for us to be able to make our platform an even greater experience for all our users,” said George Illias, the CEO of ZuluTrade.
“With Finvasia’s support, ZuluTrade will be able to offer better technology and access to our users while further widening our customer base around the world.”
ZuluTrade 2.0
ZuluTrade was founded in 2007 and is headquartered in Greece. It is one of the top social trading platforms and has handled over $2 trillion in trade volumes.
Now, the platform is planning to launch the so-called ZuluTrade 2.0 by enhancing social and technology features. It is aiming to provide users access to analysis, data, insights and portfolio optimization tools that are typically available only to professional traders.
Sarvjeet Singh Virk, the Co-founder & Chief Managing Director of Finvasia Group, said: “We are excited that ZuluTrade is now a Finvasia Group Company and equally motivated to introduce innovative features that will further empower the platform’s users. We have a vision for ZuluTrade and look forward to building amazing products together that can solve real-life challenges of both an average investor as well as institutional investors."
