7MARKETZ Group, a leading media holding in Blockchain and Fintech space that helped launch some of the most notable blockchain startups, today announced equity acquisition in CGCX.io, the world’s first fully insured Crypto Exchange. The transaction was closed successfully early February 2019 with the aim to further develop CGCX exchange and grow its market share in the crypto world.
Calfin Global Crypto Exchange (CGCX) is set out to offer a highly sophisticated cryptocurrency exchange for a seamless and secure crypto trading experience. Unlike most exchanges that offer only cryptocurrency trading, CGCX.io caters to the larger blockchain community by providing four services under a single platform. In addition, they offer a unique security feature to safeguard the interests of their traders, ensuring that all tokens stored in the CGCX.io exchange wallets are insured against cyber-attacks and hacking.
In 2018 CGCX.io had a successful token generation event, raising $32.5 million in the process, of which the proceeds are mainly used to enhance the platform with further modules for additional blockchain solutions, and for the planned expansion into other geographies. CGCX.io has a solid financial base for the new spiral of development and recently also partnered with with the Archipelago Group and IBH Capital to form the World’s First Blockchain-Based Investment Bank. Speaking of the partnership with 7MARKETZ Group, Anandh Swami, CEO of CGCX.io says "Our collaboration with 7MARKETZ will strengthen our ability to offer an enhanced customer experience for CGCX traders, as well as introduce CGCX to new markets. We're excited to combine the marketing expertise of 7MARKETZ Group with CGCX's fully insured crypto exchange ecosystem. It’s time for every cryptocurrency investor and trader around the world to have peace of mind with CGCX’s security and insurance of their digital assets."
Founder and CEO of 7MARKETZ Group, Yagub Rahimov also quoted, “We support CGCX.io due to its revolutionary vision for a fully insured crypto exchange and want to help further develop the platform and grow the market share in the crypto world. Considering the public’s unease surrounding recent hacks in crypto exchanges, we aim to bring faith and safety to the crypto community, which will undoubtedly accelerate the adoption. This is an important step forward and we are excited to transform the future of trading.”