VirgoX Received Strategic Investments From BR Capital to Expand European Market
GUATEMALA CITY, June 23, 2020 (Newswire.com) - VirgoX, a one-stop digital asset trading platform focused on stablecoins, has received a strategic investment from BR Capital, adding another big name to its list of strategic partners. BR Capital's investment is a powerful endorsement for VirgoX's ambition of becoming a world stablecoin trading centre.
BR Capital is a veteran crypto economy and blockchain-focused fund with people and expertise across Europe, Asia and the Americas. It has a successful quantitative management team which will help VirgoX with quantitative product development and entry into new territories.
“The financial sector is one of two main focuses of our investment activities and we are happy to be a part of the VirgoX family. We are confident that with great technology and ambitious leadership VirgoX will become the next actively traded platform in our exciting new industry. Being a top market maker and liquidity provider in addition to our vast network worldwide, we will do our best to help achieve the high goals VirgoX team has set.” -Raphael Shmertz, CEO of BR Capital
“We are very excited to have BR Capital on board as a strategic investor. With BR’s strong capability toward assisting market making and market penetration into Europe and South America, VirgoX is set to accelerate its mission to become the leading stablecoin trading center.” -Adam Cai, Founder and CEO of VirgoX
The stablecoin market continues to see explosive growth this year. According to Stablecoin Index, the total value of stablecoins has surpassed $11.28 billion, representing 100% growth in four months. VirgoX and BR Capital share the belief that stablecoins will revolutionize the global financial system and will bring more value to reform the digital economy.
VirgoX will continue building a world stablecoin trading center. VirgoX previously received millions of dollars in strategic investment from renowned venture capital funds and partnerships, including Consensus Lab, CollinStar Capital, Xiahu Chu Foundation, Nova Club, Xbting Fund, JIC Capital, Coinex Capital and Satoshi Capital. With fresh support from BR Capital, VirgoX is aiming to complete its product offering, ranging from spot and contract trading, lending, global payments and remittance, allowing traders to experience a full-functioning stablecoin trading platform. In the near future, VirgoX will launch more innovative products, such as stablecoin-empowered FX pairs, delivering value and quality to reveal and meet user needs.
About VirgoX
VirgoX is a revolutionary one-stop Stablecoin focused digital asset trading platform inspired by global adoptions of Stablecoins and growing demands for integrated exchange services.
About BR Capital
BR Capital is a crypto-economy and blockchain-focused fund with a strong, unique team of investors, software engineers, business developers, asset managers, and mathematicians, all focused on this new wave of technology and adding value to the world. BR engages in two main businesses: proprietary multi-strategy algorithmic trading and venture capital investments mainly in the financial sector and data economy.
Source: VirgoX
