DIGI -- Partnership with Bitget; Crypto Fund Launch within days
Bullish MACD cross (technical buy signal) on major news. Pickup in volume + breaking out of Bull Pennant pattern...
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DigiMax Enters Collaboration Agreement with Singapore-Based Bitget Exchange
LISTED AS 7TH LARGEST GLOBAL DERIVATIVES EXCHANGE BY COINMARKETCAP
TORONTO, ON / ACCESSWIRE / August 30, 2021 / DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC PINK:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed a Collaboration Agreement with Bitget Exchange based in Singapore ("Bitget").
Established in July 2018, Bitget has become the fastest growing derivatives exchange in the world, with over 1.6 million registered users. According to CoinMarketCap, a world-renowned website for cryptocurrency markets, the average daily trading volume of Bitget has exceeded US$5 billion, ranking seventh after professional derivatives exchanges (FTX and Bybit), and the top three traditional comprehensive cryptocurrency exchanges: Binance, OKEx and Huobi.
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The CryptoHawk results provide a strong foundation to launch the CryptoHawk-based Crypto Fund domiciled in the Cayman Islands and expected to be launched by the end of August 2021 as previously announced. Pre-marketing of the fund is progressing well and the stated goal of achieving $1 billion of Assets Under Management within 24 months seems realistic at this time.
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DigiMax Enters Collaboration Agreement with Singapore-Based Bitget Exchange
LISTED AS 7TH LARGEST GLOBAL DERIVATIVES EXCHANGE BY COINMARKETCAP
TORONTO, ON / ACCESSWIRE / August 30, 2021 / DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC PINK:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed a Collaboration Agreement with Bitget Exchange based in Singapore ("Bitget").
Established in July 2018, Bitget has become the fastest growing derivatives exchange in the world, with over 1.6 million registered users. According to CoinMarketCap, a world-renowned website for cryptocurrency markets, the average daily trading volume of Bitget has exceeded US$5 billion, ranking seventh after professional derivatives exchanges (FTX and Bybit), and the top three traditional comprehensive cryptocurrency exchanges: Binance, OKEx and Huobi.
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The CryptoHawk results provide a strong foundation to launch the CryptoHawk-based Crypto Fund domiciled in the Cayman Islands and expected to be launched by the end of August 2021 as previously announced. Pre-marketing of the fund is progressing well and the stated goal of achieving $1 billion of Assets Under Management within 24 months seems realistic at this time.
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DigiMax Funds SPC Has Been Confirmed by Cayman Islands Monetary AuthorityCRYPTOCURRENCY HEDGE FUND NOW OPEN TO SUBSCRIBERS
TORONTO, ON / ACCESSWIRE / August 31, 2021 / DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC PINK:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has received confirmation from the Cayman Islands Monetary Authority ("CIMA") to operate one or more segregated funds domiciled in the Cayman Islands under registration number 1900360 (the "Fund").
As originally announced on April 19, 2021, the Fund will provide a fully systematic long/short active investment into a basket of cryptocurrencies capitalizing on crypto volatility and powered by proprietary trading algorithms. The Fund will, on a simultaneous basis with its subscribers, utilize the CryptoHawk prediction engine, to continuously spot relevant patterns, make decisions and generate accurate price trend change predictions. With this Fund, DigiMax aims to offer alternative investments to high net-worth individuals, institutions, and family offices in a bid to allow such investors to protect their investment portfolios from market volatility, while generating positive returns regardless of market sentiments and direction.
The fund is open to investors from around the world but it may not be marketed in some jurisdictions including the United States. Minimum investment size into the Fund is US$100,000.
The fund is served by a group of first-class, highly experienced third-party service providers that includes:
Investment Manager:
Seneca House Fund Management
Administrator:
Sudrania Fund Services Corp.
Auditors:
KPMG
Legal Counsel:
Forbes Hare Pte. Ltd.
Custodian:
SFOX Inc.
Prime Broker:
SFOX International Ltd.
Depository Bank:
DMS Bank & Trust Ltd.
"This actively managed Fund provides an excellent opportunity for larger investors to gain exposure to cryptocurrencies in their portfolios. Through the use of CryptoHawk and DigiMax artificial intelligence capabilities, investors can profit from high volatility all while reducing risk and volatility in their own portfolio." said Seneca House CEO Miltiades Caldis.
Seneca House is the registered Portfolio Manager and owns 20% of the Fund with DigiMax owning the remaining 80%. DigiMax has reserved an option for 18 months to acquire an additional 15% of the Fund for the higher of US$1 million or 2% of Assets Under Management from Seneca House.
"Given the results we have seen from CryptoHawk since it was introduced on June 1, 2021, we believe this Crypto Hedge Fund will provide a perfect solution for large investors, family offices and institutions who want to have crypto holdings in their own portfolios," said DigiMax CEO Chris Carl. "Many of these investors have stayed away from investing in cryptocurrencies due to their high volatility. This Fund provides the perfect solution to this quandary by capturing profits from the high volatility in both up and down momentum markets and returning a more steady, non-volatile monthly return to investors."
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.