Varchev Finance at the 2019 Forex Magnates London Summit

Varchev Finance was once again invited as the only Bulgarian representative through its London office to the largest and most influential foreign exchange and exchange financial exhibition in the world - Forex Magnates Expo 2019, with its most prestigious edition in the financial capital of the world London.

Traditionally, the event was attended by thousands of professionals dictating the direction of business development. We at Varchev Finance have held dozens of meetings to present to our clients the latest financial technologies and trading solutions. The accent this year is the development and the modernization of the financial technologies. The Fintech companies introduced sophisticated order execution technologies, enhancements to trading platforms, faster ways to identify customers, and solutions from risk management plugins to customized individual trader solutions. The second major accent of the event was the development of the crypto industry and the inevitable introduction of digital money in all aspects of the modern world. Improvements to platforms, trading conditions, and blockchain technologies themselves were a whole demonstration of the event. The surrounding opinion is that the so-called "crypto winter" is actually "crypto spring" and there is still a new boom in digital assets and their use in all industries at business and personal levels.

For Varchev Finance clients we have completed the development and implementation of specialized software for exchange, delivery and trading of multiple crypto assets.
The annual meeting was attended by hedge fund managers, investment bankers, professional traders and brokers. The talks revealed that more and more institutional players are joining the crypto exchanges as an alternative to seeking profitability, a prerequisite for normalizing trading in these markets and the inability of single "whales" alone to determine the direction. Until now, every time a major player entered the market, there was a bottom or apex of the charts, but now trading is going in a real stock market direction. Increasingly, institutional investors, money and portfolio managers are shifting the use of digital currencies from the underworld to transforming them into normally functioning financial markets - to be used as a new class of financial assets in investor portfolios, a fundraiser or lightning-fast payments. The logical question that arises is whether the crypto world will be able to reach the turnovers of the "old" financial world. Digital currency volumes are insignificant to the turnover of the stock or currency markets, and one big player like Goldman can easily tumble down or "fire" the market by tens or hundreds of percent.

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