FinTech holding company, Xalles to acquire Vigor Crypto Holdings


Xalles, a FinTech holding company has announced that it has acquired Vigor Crypto Holdings.

Vigor Crypto Holdings is a boutique cryptocurrency firm working to enhance its cryptocurrency trading strategies using the trading engines or bots and has achieved various successes in the past couple of years.

The acquisition deal is expected to close by the 15th of January 2021, subject to customary closing conditions.

Executive Opinion

Xalles Holdings Chief Executive Officer, Thomas Nash, said, "The acquisition of Vigor Crypto Holdings enables Xalles to gain instant trading access including Bitcoin and Chainlink cryptocurrencies. We are so pleased with the trading results Vigor Crypto has achieved that we expect to increase company revenue and profit by licensing our IP with potential customers by demonstrating our in-house results."

Xalles and Vigor deal

The firm as of now has LINK-USD and BTC-USD trading pairs that have generated profitable transactions on day to day basis.

Vigor and Xalles have been working for the past 6 months, for developing proven trading strategies in a test environment with a wide range of cryptocurrency pairs. 

With the help of an acquisition deal, Xalles plans to use the Vigor Crypto strategies and results to assist in licensing opportunities of the intellectual property. Moreover, the deal also offers Xalles access to crypto-assets, institutional, and trading access to license trading strategies.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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