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Slovakian software development company PineByte is aiming to become a white label provider for social trading after the acquisition of U.S. based social trading portal FX Junction. Speaking to Finance Magnates, a company spokesperson explained that the firm believes that social trading is still in its early development stages as a subindustry.
PineByte has acquired all of the assets of FX Junction, in a deal which is entirely financed by equity capital. The financial terms of the deal have not been disclosed by the companies.
“Social trading has huge growth potential not only as a social trading platform but as a ... (read more)