Vigor Crypto Labs set up to formalize the testing of the trading strategies in preparation for B2B commercialization
WASHINGTON, DC, Feb. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, announces strategic initiatives to capitalize on the growing digital asset and cryptocurrency market.
The total value of all cryptocurrencies passed $1 trillion in January 2021 to over $1.3 trillion as of February 2021 with little sign of slowing down, per CoinGecko’s index of 6,124 assets. The growth has primarily been driven by institutions purchasing Bitcoin on the open market including corporations such as MicroStrategy and Tesla, which both announced direct purchases of Bitcoin exceeding billions of dollars in current value. Earlier this week, Tesla announced it will also be accepting Bitcoin for payment.
Last month, Xalles Holdings completed the acquisition of Vigor Crypto Holdings. Vigor Crypto is preparing to commercialize a business to business offering that utilizes Vigor’s intellectual property and trading engines. Vigor Crypto Labs was formed as an arm of Vigor Crypto that performs the research and testing functions to ensure a quality service offering when launched.
Over the past 60 days, Vigor Crypto Labs has executed over 4,000 profitable trades in two pairs (BTC/USD and LINK/USD) with a return on investment exceeding 50% in captured trading profits. At the current trajectory, it anticipates over 100% in gains by the end of the first quarter. As the trading performance continues to yield incremental growth, Vigor Crypto intends to capitalize on its successes partnering with institution cryptocurrency trading firms for licensing and white labeling opportunities. In addition to a B2B approach, Vigor Crypto is working with institutional representatives at Coinbase Pro and Binance.us to guide clients and prospects through the corporate approval process, which can be a long complex process. Vigor Crypto is applying for a corporate account with Binance.us to expand trading pairs opportunities and reduce trading fees.
Vigor Crypto enables the Xalles corporate strategy of gradually acquiring key cryptocurrencies, including Bitcoin, in long term hold positions, largely funded through the short-term trading profits.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.com
About Vigor Crypto Holdings LLC
Vigor Crypto Holdings is a boutique trading firm that utilizes proprietary trading engines powered by partner, ATN Trading. Vigor Crypto is a wholly owned subsidiary of Xalles Capital Inc. Vigor Crypto Labs is a business unit of Vigor Crypto that performs research and tests trading pairs in real time to identify the most profitable trading scenarios under a variety of market conditions.
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