GEM Global Yield (GGY) LLC SCS reported on Thursday that Zignaly has raised $50 million in investment funds.
Zignaly is a social investment platform established in Singapore. GEM Global Yield LLC SCS (GGY), on the other hand, is a Luxembourg-based alternative investment firm that focuses on emerging economies around the world.
Fund Proceeds
The funds will boost Zignaly’s global expansion, according to the company. The funds will grow the company’s presence in Southeast Asia, West Asia, Turkey, India, South America, and Europe, according to the company.
Aside from that, Zignaly stated that it plans to utilize some of the funds to acquire new deeptech employees. It will also hire a new chief marketing officer and product development teams.
The financing was discussed by Bartolome Bordallo, the CEO of Zignaly. He stated that it has been Zignaly’s mission to build up new paths for regular investors to take advantage of the crypto economy since the company’s inception. It makes possible the types of controlled and high-leverage vehicles that were previously exclusively available to the ultra-rich.
This investment from GEM will help the company to accelerate the development of new products and the global adoption of the Zignaly platform. They will be able to provide the masses with a far better way to invest as a result of this.
Zignaly’s Expansion
Zignaly has all of the necessary components to develop its platform on a global basis. The Binance broker program serves as the foundation for the platform. This means that the Zignaly platform is reliant on the technology, liquidity, and market depth of Binance. Binance is currently the world’s largest crypto exchange by trading volume in both spot and futures markets.
The Zignaly platform also links its users’ accounts to KuCoin and BitMex, two other popular cryptocurrency exchanges that offer derivatives. Many traders prefer crypto futures, which are investment products that allow users to bet on price movements without having to possess the underlying assets. They can maximize prospective gains in this way, thanks to a characteristic known as ‘leverage.’
Apart from launching global adoption initiatives, Zignaly is also developing new solutions to make bitcoin investing more accessible to the general public.
Taking Advantage of Digital Investment Possibilities
A social trading platform is one of the greatest venues for consumers to begin their crypto investment career. Because of the volatility, trading crypto currency is difficult. It’s particularly complicated because some things in traditional finance don’t work the same way they do here.
As a result, a social trading platform is the greatest place for new traders to start earning money quickly without having to spend weeks learning the ins and outs of the cryptocurrency market.
For investors looking to trade and add digital assets to their portfolios, Zignaly lowers the entrance barrier. The platform allows investors to trade using expert traders’ experience and learning tactics. Traders and fund managers can share their experience and track records on the platform. Both the expert and the trader split the winnings.
