Broctagon Group, the leading fintech business development, liquidity and technology provider, has launched a new line of cryptocurrency product offerings exclusively for Southeast Asia. The offering follows a recent boom in the digital currency’s market growth.
Bitcoin will now be offered together with Broctagon’s existing products such as Forex Pairs, Forex Derivatives, Commodities, Precious Metals and Multi-Asset Derivatives in Southeast Asia. Other various types of major cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), with more made available subsequently. Moving beyond mainstream crypto-trading that typically pegs digital currencies to the US Dollar, Broctagon has announced that their crypto-assets will be paired with other major currencies such as the Euro and the Japanese Yen as well.
Key Growth Market
Over the last 8 years, the global marketplace has seen various digital currencies such as Bitcoin Ethereum, Litecoin, and Ripple enter the established regional US, EU and Asia exchanges making it one of the fastest growing market today with a total market value of 27 billion US dollars.
According to the International Monetary Fund (IMF), exponential growth of cryptocurrency is due to its wealth of potential benefits that ultimately promote financial inclusion across borders. It is not surprising that the crypto-market is now turning its attention to a largely untapped region of the world — Southeast Asia.
Southeast Asia’s 600 million population is primed for cryptocurrency disruption, creating new opportunities for growth and development. As the pioneer developers of trading technologies, Broctagon is poised to lead the way again with crypto-technology and extend their expertise for brokers to penetrate into the Southeast Asian marketplace.
Looking ahead, the establishment of more cryptocurrency infrastructures and region large population density will only likely attract more investors and entrepreneurs. The rest of the world’s financial players are now in a very unique position to take advantage as Southeast Asia establishes a strong foothold in the realm of cryptocurrency.
Broctagon Fintech Group has led this shift towards the Southeast Asian markets by introducing cryptocurrencies as a tradable financial instrument, paving the way for future partnerships with crypto brokers and creating opportunities for traders looking to take their first steps into the realm of digital currencies.