StrikeX Technologies has announced a partnership with CMC Markets. This comes to light after CMC Markets proceeds with its investment and strategic investment in the venture. Reportedly, CMC Markets has acquired a 33% stake and onboarded two executives to the side of their partners. While the stake gives them ownership, executives chairing the StrikeX board take over aspects of expertise and experience.
The FTSE 250 financial services provider carries extensive experience in financial services to enable itself and StrikeX Technologies to transform the experience of investing in digital assets.
StrikeX brings to the table its expertise in tokenization and self-custody technologies.
The partnership between StrikeX and CMC Markets is a significant milestone for both companies. As a matter of fact, it is an essential milestone for the entire industry because it sets a trend that other players can consider following. There is a possibility of doors opening up for players, allowing them to leverage their future capabilities as well.
The partnership between StrikeX and CMC Markets aims to pioneer traditional financial services on the blockchain. Commodities, equities, and bonds are examples of conventional financial services mentioned here.
Advertisement
Joe Jowett from StrikeX has verbalized his thoughts on the partnership, stating that it will bolster their position as a front-runner in a fast-moving and dynamic industry. The Chief Executive Officer and Co-Founder of the said firm have added that traditional financial services will be pioneered on top of guaranteeing compliance, security, and ease of access through products that are user-friendly, secure, and intuitive.
Lord Cruddas from CMC Markets has called this a major strategic investment in the sphere of Web3 technology. The Founder and Chief Executive Officer of CMC Markets have expressed their excitement about continuing to diversify the business and have appreciated StrikeX by calling them a dynamic and brilliant, talented team.
Founded in 1989, CMC Markets has come a long way to offer a wide range of products. This includes cryptocurrencies, foreign exchange, and indices, among others. Customers of the platform know how safe is CMC Markets as it is backed by regulators like FCA, ASIC, MAS, and FMA. The brokerage firm is currently headquartered in London, the UK.
What makes CMC Markets a potential partner for StrikeX Technologies is also a set of unique features. For instance, its mobile application comes loaded with 12 different types of charts, 115 technical indicators, and 70 chart patterns. To top this, it offers an economic calendar and a Reuter news feed.
Customers from Australia can register themselves at CMC Markets. The firm features on the list of Australian forex brokers along with Pepperstone, Eightcap, IG Forex, IC Markets, and City Index.
Advertisement
StrikeX Technologies and CMC Markets entering into a strategic and investment partnership is a turning point for them and the industry on a higher level. It will surely open up a lot of opportunities in the days to come.
