Brokerage solutions provider Blackwell Global has added bitcoin to their range of funding methods, offering greater transactional flexibility for clients.
Founded in 2010, Blackwell Global was established to offer brokerage solutions for private and institutional clients, along with other investment products. The company has a global presence in over 90 countries, with main offices in the separately regulated markets of Cyprus, New Zealand and the United Kingdom. Last month, it received the approval of the Hong Kong Securities and Futures Commission (SFC) to provide asset management services in the country.
The company said that Blackwell Global Investments (UK), a forex brokerage licensed by the Financial Conduct Authority (FCA), will be the first company of the group to implement bitcoin as a funding method. Clients will be able to fund their accounts with bitcoin, regardless of the country in which they reside, as well as the currency denomination of their accounts.
Blackwell UK will use its proprietary client portal, Infinitum, to enable the use of bitcoin in the funding process. Customers will see their balances updated in either EUR or USD, at the bitcoin exchange rate relative to the chosen currency at the time of the deposit.
“As traders move beyond the long-established paradigms of trading, Blackwell Global will continue to embrace new technology and adapt itself in accordance with the financial industry, so as to provide its clients with innovative methods to suit their trading preferences,” the company said in a statement.
Blackwell Global UK CEO Patrick Latchford said they are excited to be a part of the blockchain movement.
“Bitcoin uses ground-breaking technology that revolutionises the way people use money,” said Latchford. “The potential for security and global adoption lies in its innovation and improvement over time.”
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