Future FinTech Group introduced Monday that its newly-formed, Dubai-based FTFT Capital Investments unit has launched a real-time world cryptocurrency market and buying and selling information platform. Known as FTFTX, the platform aggregates buying and selling and market info from a wide range of world cryptocurrency exchanges for each particular person and institutional traders.
Based on the corporate’s press release, FTFTX will present entry to market charges from the aggregation of information from exchanges and liquidity swimming pools around the globe, sources for buying and selling and funding methods, and sector information. Bitcoin, Ethereum, EOS, Litecoin, and TRON are among the many main cryptocurrency exchanges listed on FTFTX.
FTFT Capital mentioned it believes FTFTX will assist its customers makes make knowledgeable funding selections by offering them with real-time market information in addition to the potential to attain optimum pricing and decrease transaction prices, based on the discharge.
The previous month has been a really busy time for New York-based Future FinTech. The information of FTFTX comes simply 4 days after the corporate announced the creation of a new blockchain division to “develop, function, and handle [its] bitcoin mining farm plans in america and Paraguay.” In mid-December 2021, the company reported that it entered into an settlement with Ohio-based APC Service to construct a crypto mining farm in Ohio. The mining farm may have a primary challenge section of 50MW of processing energy which might increase to a complete challenge dimension of 300MW.
Future FinTech CEO Shanchun Huang said last week that the corporate is intent upon executing a worldwide growth technique for its cryptocurrency mining enterprise.
“As we start the New Yr, FTFT continues to pursue the purpose of changing into one of many world’s most lively and influential digital foreign money and crypto asset buying and selling and administration companies suppliers,” Huang mentioned in right now’s announcement.
Future FinTech had a tough 2021, with total returns down nearly 30% in the course of the calendar yr, closing the yr at $1.33 a share. The newest information, nonetheless, has given the corporate’s shares a lift. Within the first few hours of buying and selling in 2022, Future FinTech’s shares are up 7%.