DALLAS--(BUSINESS WIRE)--Galactic Holdings, the parent company of TruBit and TruBit Pro – the most comprehensive cryptocurrency ecosystem in Latin America – announces a pivotal advancement in its global strategy with its expansion into the Asian market. Following a remarkable $6.25 million Series A funding in November 2023 and a significant $10 million in a pre-Series A round, the company is set to embark on a new journey starting January 31 with its advanced trading exchange, TruBit Pro.
"In Latin America, we have built a strong user base through continuous innovation and enhancing user experience. We will continue to adhere to our principles of safety, innovation, and putting users first, extending our successful experience to the global market, bringing an exceptional digital asset trading platform to users worldwide. The first step in our global strategy, TruBit Pro, has selected Asia after careful market research and thorough preparation," stated Maggie Wu, CEO and Co-founder of Galactic Holdings.
TruBit's strategic expansion into Asia aligns with the region's significant user base, technological advancements, and evolving government stances on digital assets. With a comprehensive understanding of the Asian market, TruBit Pro team aims to effectively navigate the unique challenges and opportunities it presents in the digital asset industry.
First of all, TruBit Pro, firmly committed to stability, transparency, and a customer-first approach, has consistently upheld these principles since its establishment in 2020. With over four years of operation, the exchange has sustained an unblemished security record, ensuring the safety of users' funds and maintaining the highest standards of service.
In its venture into the Asian market, TruBit Pro recognizes the critical role of cultural and linguistic adaptation. Originally serving primarily Spanish, Portuguese, and English-speaking users, the platform has expanded its linguistic scope by launching a Traditional Chinese language pack, with Korean and Vietnamese versions in progress. Additionally, the formation of a specialized Asian product development team demonstrates TruBit Pro's dedication to catering to the technological needs and dynamics of the Asian market. This team, comprising experts with over 15 years of experience in product and technology development, is focused on enhancing the platform's robustness and adaptability.
Regulatory compliance is another key focus for TruBit Pro and its parent company Galactic Holdings, which have obtained financial technology and payment regulatory licenses in multiple countries, including the US (MSB), Mexico (VASP), and Argentina (PSP). The company is now extending its regulatory footprint to Hong Kong, Singapore, Taiwan, and other regions, seeking cooperation with local regulatory institutions to pave the way for more compliant fiat currency channels in these emerging markets.
"We warmly welcome various platforms, projects, funds, trading teams, KOLs to discuss with us more cooperation opportunities, and to jointly promote the development of the crypto industry. At the same time, we look forward to creating a bright future together with our extensive user base in the Asian market and exploring the vast possibilities of the digital economy," Maggie Wu concluded.