Galactic Holdings is a Latin-American firm that operates in CeFi(Centralized Finance) and offers a series of digital finance products including a digital wallet and other cryptocurrency services. Its products include TruBit, a digital wallet and Mexo – a cryptocurrency exchange. Its suite of products also includes MMXN – a stablecoin and an extension of TruBit, TruBit Pro, that offers order books with top-tier liquidity as well as a suite of order types to satisfy traders in different scenarios.
The firm operates under a strong mantra of “be bold, free and borderless” that has enabled it to be among the leading cryptocurrency service providers in Latin America. The firm prides itself in offering fast and easy digital transactions using debit or credit cards in a manner that ensures safe trading.
Galactic Holdings has recently announced the completion of its Pre-Series A funding round that yielded funds amounting to $10 million. The fundraiser was led by BAI Capital, a venture fund based in China and garnered participation from other crypto investors including Animoca Brands, y2x Ventures, LongLing Capital, TKX Digital Group, Head & Shoulders X, Perseverance Capital and Palm Drive.
With the funds in place, the firm aims to promote its further development in the Latin America region. Currently, Galactic Holdings is the only large-scale comprehensive crypto platform in the region with compliance from regulators.
TruBit Pro, one of the products from the firm, offers an Altcoin exchange in LATAM(Latin America) on its online platform. This product is supported by over 25 public chains and over 50 cryptocurrencies. The same platform also offers trading of perpetual contracts through its high-performance matching engine that boasts advanced functionality while at the same time maintaining world-class security. To incentivize more users to join this wallet, Galactic Holdings is offering a total of $1000 USD in welcome rewards for new users.
Some of the benefits of using TruBit Pro include the availability of top-tier liquidity and grid trading that allows users to “earn in their sleep” through advanced trading bots. The platform is also community-oriented since it educates its users through a blockchain academy while allowing them to earn and achieve financial freedom by investing in crypto products with the highest compound interest rates. This wallet can be accessible from anywhere at anytime by downloading its app that supports both Android and IOS devices as well as an API for web users.
Through its stablecoin MMXN, Galactic Holdings has offered LATAM a key to the crypto world as the stablecoin is the first of its kind that is at par with the Mexican Peso that is, with a single Mexican Peso, you get the power of 1 MMXN. The stablecoin claims 100% reliability and transparency as it is backed by a strong fiat currency. The coin is also borderless and offers low rates. The coin can also be used as a medium of exchange with other cryptos, a payment method, a medium to store value and even in Decentralized Finance(DeFi) to power decentralized applications.
