Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, announced on Monday it has officially completed its acquisition of cryptocurrency platform, Vigor Crypto Holdings.
As previously reported, Xalles notably claims that Vigor Crypto has been enhancing its cryptocurrency trading strategies using trading engines (or “bots”).
“Vigor Crypto currently has active BTC-USD and LINK-USD trading pairs that have generated hundreds of profitable transactions on a daily and monthly basis.”
Xalles further revealed that it has been working with Vigor Crypto since June 2020 to develop trading strategies in test environments with a variety of cryptocurrency pairs. Xalles Holdings CEO Thomas Nash, spoke about the acquisition by stating:
“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 further revealed that Vigor Crypto will continue its work developing and implementing cryptocurrency trading strategies using trading engines. The company added:
“Vigor Crypto has generated thousands of profitable transactions taking advantage of the current market volatility. Regardless of the direction of the cryptocurrency markets, Vigor Crypto’s trading engine enables customers an automated way to capitalize on price movements.”
Founded in 2002, Xalles describes itself as a fintech holding company that specializes in payment solutions and related businesses. Through its core services, Xalles claims it has “high growth opportunities” through its balance sheet holdings, combined with recurring revenue streams for progressive incomes.
The acquisition financial information was not disclosed at this time.