Retail FX group IronFX has announced that it will add the PumaPay Token (PMA) as a funding method as well as a base currency on its trading platform, hence now PMA holders can fund and manage their trading accounts in PMA on the IronFX platform. PMA will also be available on IronX, a regulated cryptocurrency exchange that is a joint venture between IronFX and EmurgoHK.
IronFX has today announced joining forces with PMA. IronFX will add the PMA as a funding (deposit and withdrawal) instrument as well as a base currency for trading on the IronFX platform.
With this decision, IronFX further expands the portfolio of trading assets and funding methods offered to its global client base, while PMA makes an entrance to one of the world’s leading currency trading brands. With 10 platforms trading over 200 instruments in forex, spot metals and CFDs on stocks, futures, indices, and commodities, IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America.
Additionally, PMA will be listed on the IronX Exchange, which is expected to launch by the end of December. IronX will operate as a regulated, service-focused exchange, creating a highly efficient trading ecosystem that facilitates funding via both fiat and crypto. At the same time, IronX gets the opportunity to list another successful coin on its regulated exchange. PMA will be traded on IronX next to the ADA coin, the ninth-largest coin in the world by market cap, the IRX token, IronX’s own token as well as other major Coins such BTC, ETH, XRP, and EOS.
IronX has been recently approved for a Crypto regulatory license from the Estonian Financial Intelligence Unit (FIU) and can operate as a regulated exchange for trading cryptocurrencies. The platform can be a provider of a virtual currency against a fiat currency trade service and provide the virtual currency wallet service. The listing by IronX boosts the availability of PMA.
IronX has also announced that following its successful Private Sale of IRX tokens, where more than 22 Million USD has been raised, it will hold its Initial Coin Offering (ICO) on November 1st.
Markos A. Kashiouris
Markos A. Kashiouris, Chairman & CEO of IronFX Group and Founder and Chairman of IronX, commented:
As global forward-thinking brands, IronFX and IronX are always on the lookout for new fintech solutions and opportunities in the payment space. We have been actively following latest developments in the blockchain and crypto projects; in this respect, PumaPay has attracted our attention by its innovative technical approach that enables flexibility of billing scenarios that we can potentially offer to our clients. As the PMA token is an important component of the PumaPay ecosystem, we are excited to bring it as a funding and trading instrument to both our traditional margin trading and Crypto platforms.
Yoav Dror
Yoav Dror, PumaPay CEO, added:
Since its inception, PumaPay has been putting a great value in building a strong ecosystem and enabling the accessibility of our unique technology. As IronFX and IronX have chosen to join us as Early Adopters, we increase the usability of the PMA, while enabling the customers of these world-leading trading platforms to enjoy the benefits of using the PumaPay solution. It is an honour to have IronFX and IronX among our early adopters, and we are looking forward to the technical implementation of these plans. PumaPay is looking into developing unique solutions for currency exchanges, and we are excited to be sharing these ideas with the forex industry.