Bull Infotech, the IT consultancy owned by Mohsin Jameel, has launched a new strategic partnership with cryptocurrency venue Bitsolives. The former TradeNext CEO has inked an agreement that will help tether Bitsolives cryptocurrency products directly into the MetaTrader 4 (MT4) interface, part of a cohesive push by FX brokers in recent months.
Cryptocurrency products are all the rage, fueled by heightened demand for instruments such as Bitcoin and Ethereum that recently reached all-time highs. This has led to fairly rapid acceptance by FX brokerages, many of which have already assimilated cryptos into their offerings. Bull Infotech is looking to tap into this trend, with its technology seeking to connect FX traders to crypto exchanges.
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Bull Infotech is a comprehensive provider of software products and IT services, and the group’s suite of developing tools have also been instrumental in linking MT4 with cryptocurrency exchanges, ultimately facilitating the agreement. Per the accord, the Spain-based Bitsolives will garner access to MT4, supporting both crypto pairs and other exotic FX pairs pegged with leading cryptocurrencies.
Key to this cohesion will be a newly developed bridge from Bull Infotech that integrates the MT4 platform and Bitsolives crypto exchange, along with a payment gateway for cryptocurrencies that enables an alternative payment option for traders – one of the biggest hindrances to cryptocurrency trading in recent years has been the lack of a consistent and timely payment and execution module, a trend that seems to be dissipating.
Mohsin Jameel commented: “Having researched the market, I realised that few companies in Europe were developing tools to connect FX traders to crypto exchanges. And with the considerable experienced of the Forex sector, Bull Infotech is ideally placed to capitalise on the opportunity.
“We have considerable experience in managing and directing large scale IT applications in real time environment and this deal is a major breakthrough for the business. As well as integrating crypto products in partnership with Bitsolives we’ll be developing a wallet for Crypto as a payment channel for brokers around the world as well as risk tools and other plugins for MT4,” he added.