BNF Holdings FBM "Launch of Comprehensive Service Platform for Bitcoin, Gold, and FX Margin Trading"
[Asia Economy Reporter Hyunseok Yoo] BNF Holdings announced on the 27th that it will officially launch FBM, a multi-platform service that allows simultaneous trading of FX, Bitcoin, and gold margin trading, starting from the 1st of next month, the first of its kind in Korea.
The service addresses the limitation of existing margin trading platforms such as FX City, Coin World, and Gold Lime, where only one type of trade could be conducted on a single platform. The company explained that FBM has attracted high interest from investors, with 7,000 pre-registrations even before the launch.
Kim Sangmok, CEO of BNF Holdings, stated, "FBM, a new multi-platform service that resolves risk factors and cost issues arising from FX and Bitcoin margin trading, enables small investors to easily engage in margin trading. In particular, by trading FX lots (the standard contract unit in FX foreign exchange trading) and Bitcoin held by our company, we plan to provide investors with rights to the income generated."
To this end, BNF Holdings signed an MOU worth $1.5 million (approximately 1.9 billion KRW) with the blockchain exchange Bittech. They also disclosed a deposit confirmation from Kiwoom Securities' securities account.
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FBM is a service that offers FX, Bitcoin, and gold margin trading on a single platform. Including the current 7,000 pre-registrants, all those who pre-register by the 30th will receive an investment support fund of 50,000 KRW. Additionally, in June, an app will be launched to enhance mobile trading convenience.
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