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Panxora Opens up the Financial Markets to Crypto Users


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Bitcoin Press Release: The exchange allows users to generate a return from cryptocurrency assets without divesting their position in the asset class. Over a dozen cryptocurrencies accepted as collateral, including bitcoin, bitcoin cash, ether, ether classic, and litecoin. With Over 500 stocks from Germany, the UK, Hong Kong and the US including Deutsche Borse, Adidas, Apple, Lenovo, and EasyJet.

25th October 2018. London, UK. The past 12 months have seen many rush into cryptocurrency guns blazing. Following the initial rise and fall in 2017, the general consensus is that a solid base is forming in the price of cryptocurrency and it’s right to hold (or ‘HODL’) onto the asset as we see what comes next. The problem with this approach is that those having considerable assets tied up in crypto now find themselves with limited options for generating returns from their capital.

Introducing Panxora

Panxora gives crypto owners a better option than simply sitting on their assets. Panxora offers cryptocurrency owners direct access to currency, stock and a variety of other asset classes.

Panxora’s co-founders boast significant careers working in some of the most successful privately held financial companies in the world. It has been successfully delivering uninterrupted service to the crypto space since 2014, under the name ‘First Global Credit,’ and will continue under ‘Panxora’ to give cryptocurrency holders the same freedom to pursue financial opportunities as traditional currency holders.

Gavin Smith, CEO of Panxora said:

“Right now, Panxora is an exchange that gives cryptocurrency holders direct access to various currency and stock markets. But that’s just the first step in our ultimate goal to dissolve the distinction between fiat and cryptocurrencies when it comes to financial opportunities. Looking ahead, we will continue to bring ever more choice within reach of crypto asset owners. Everything we do, in every field, is aimed at that goal.”

About Panxora

Panxora lets anyone, anywhere use their cryptocurrency assets to generate a financial return. By providing direct access to mainstream financial markets using cryptocurrency as collateral, Panxora puts cryptocurrencies on par with fiat, and asset-holders in control.

Founded in 2014 under the name First Global Credit, Panxora has always aimed to provide cryptocurrency owners the same opportunities as fiat currency holders have to generate revenue from their assets. With significant experience both in traditional financial technology and cryptocurrency markets, Panxora’s co-founders brought their first service – crypto backed stock to market, followed shortly by AICoin which uses proprietary AI to trade the cryptocurrency markets. The company’s development team continues to innovate new products and services that will provide advantages to its customers. This includes the public launch in early 2019 of Panxora Crypto I, a cryptocurrency focused hedge fund that has been successfully engaging with proprietary assets for over a year. This and other services designed to give crypto-asset holders ever more opportunities. With more than 12,000 customers in 35 countries, Panxora is the crypto-community’s trusted partner to meet financial goals and put crypto-assets to work.

Visit the website: https://panxora.io
Watch on YouTube: https://www.youtube.com/channel/UC226_O-ZpKEVzXebLrEBteg/featured

Media Contact
Name: Jenny Corlett
Email: [email protected]

Panxora is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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