FDCTech Integrates Binance Cryptocurrency Liquidity to its Multi-asset Proprietary Trading Platform

Rhea-AI Summary

FDCTech, Inc. (OTCQB: FDCT) has announced the integration of its Condor Multi-asset Trading Platform with Binance, the leading cryptocurrency exchange by trading volume. This integration enables brokerage firms to access Binance's liquidity and trade various financial assets, including cryptocurrencies, through a single account. Additionally, firms can offer leveraged trading and customize bid/ask spreads. According to CEO Mitchell M. Eaglstein, this move addresses the increasing demand for both established cryptocurrencies and emerging digital assets, including NFTs.

Positive

• Integration with Binance enhances liquidity access for brokerage firms.
• Allows trading of various asset classes through a single platform.
• Facilitates leveraged trading options for brokerage firms.

Negative

• None.

Irvine, CA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fully integrated financial technology company with a full suite of digital financial services solutions, today announced that it had integrated the Condor Multi-asset Trading Platform to Binance cryptocurrency exchange, rated as #1 by volume on CoinMarketCap.

As a result of this integration, brokerage firms can now access and stream pricing from Binance exchange into Condor Multi-asset Trading Platform. Brokerage firms can now use a single account to trade cryptocurrencies using Binance's liquidity and forex, equities, and other financial assets through other liquidity providers. Further, Brokerage firms can offer leveraged trading on Binance's trading products and adjust markup on bid/ask spread to suit their revenue model. Brokerage firms will be able to set risk parameters to manage trading and counterparty risks. The integration also allows Brokerage firms to offer token and coin offerings in the jurisdiction where such offering complies with regulatory requirements.

"We not only see a significant demand for well-known cryptocurrencies such as BTC and ETH but also for new digital assets such as Non-Fungible Tokens (NFTs). Therefore connecting to Binance is an important step in providing our clients access to various deliverable digital assets," said FDC Founder, Acting Chairman, and CEO Mitchell M. Eaglstein.

For additional information, visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech, Inc.

FDCTech, formerly known as Forex Development Corporation, is a fully integrated financial technology company. FDC delivers trading platform, back-office, liquidity, dealing desk, and prime brokerage solutions to forex market participants seeking access to retail and institutional spot forex markets.

Press Release Disclaimer

Some press release statements may be forward-looking statements or statements of future expectations based on currently available information. Such views or statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

Contact Media Relations
FDCTech, Inc.
ir@fdctech.com
www.fdctech.com
+1 877-445-6047
200 Spectrum Drive, Suite 300,
Irvine, CA, 92618

FAQ

What is the recent announcement by FDCT on November 9, 2021?

FDCTech announced the integration of its Condor Multi-asset Trading Platform with Binance, enabling brokerage firms to access its liquidity.

How does FDCT's integration with Binance benefit brokerage firms?

Brokerage firms can trade cryptocurrencies and manage various financial assets through a single account, enhancing operational efficiency.

What are the implications of FDCT's integration with Binance for investors?

The integration may increase market competitiveness and attract more trading activity, potentially benefiting FDCT's stock performance.

Which cryptocurrencies can brokerage firms access through FDCT's platform?

Brokerage firms can access well-known cryptocurrencies like BTC and ETH, as well as new digital assets.

What trading options will be available to brokerage firms post-integration with Binance?

Brokerage firms can offer leveraged trading and customize bid/ask spreads on Binance's products.