HOUSTON, TEXAS, April 21, 2022 (GLOBE NEWSWIRE) — Majic Wheels Corp, a Wyoming-based holding company. (OTC Pink: MJWL) has announced that it has obtained a majority stake in Panaesha Capital Exchange (PCEX). This follows its Letter of Intent (LOI) to acquire the leading digital asset exchange last October.
The global team behind Majic Wheels Corp, a holding company that is positioning itself as a major player in forward-looking disruptive industries, particularly Fintech, Insurtech and software development, through mergers and acquisitions , is excited to use PCEX’s new approach and scalable model. in the fintech space.
Launched by Panaesha Capital, PCEX is the first Indian crypto broker to introduce the B2B franchise model to the cryptocurrency industry, successfully forging a network of over 250 franchises and 40 satellite offices across India.
Majic Wheels Corp. CEO David Chong believes the acquisition will support the company’s ambition to “firmly establish itself as a Fintech and technology leader in India”.
Secured through an SPV, under Majic Wheels Corp.’s wholly-owned subsidiary, CGCX – an assured four-in-one blockchain platform that offers a seamless and secure crypto trading experience – PCEX is built on a unique membership concept and innovative for crypto investors, enthusiasts or crypto-related startups. Indeed, CGCX coins have been trading on the PCEX platform since March 1, 2022, with extremely encouraging results.
PCEX and CGCX are expected to continue their impressive growth, driven by India’s growing crypto interest and adoption.
In terms of the number of people who have owned a cryptocurrency at least once, India currently ranks 7th in the world (over 100 million people). According to Blockchain and Crypto Assets Council (BACC), and has around 15-20 million retail investors.
Experts also see crypto emerging as a popular asset class and mainstream investment avenue in India, especially among younger earners. Crypto is expected to be driven by millennials (the country’s median age is around 28), which will take retail investment in cryptos to $15.6 billion. here 2030.
PCEX CEO and Founder Sandeep Phogat envisions the exchange as a tool to empower “entrepreneurs and companies looking to establish a footprint in the crypto space,” citing its business model as “the culmination of that vision. “.
PCEX offers its business members unprecedented benefits, including IT and technical support, marketing assistance, increased liquidity, web and mobile platform development and design assistance, and an unmatched revenue share percentage.
With the combined power and potential of CGCX and PCEX, the team at Majic Wheels Corp. anticipates an exciting year ahead as it further solidifies itself in the blockchain market.
For more Majic Wheels Corp. developments, interested parties are directed to the company’s website: .
His Twitter https://twitter.com/MajicCorp, LinkedIn and Facebook are useful resources for relevant news and updates.
For more information, please contact [email protected]
About Majic Wheels Corp.
Majic Wheels Corp., listed and traded on the over-the-counter (OTC) market under the trading symbol “MJWL,” is a Wyoming-based holding company that plans to position itself as a power player in cutting-edge and disruptive industries like Fintech , Insuretech, software and crypto development through thoughtful and varied acquisitions.
Comprised of a team with decades of experience and diverse backgrounds that give them unparalleled analytical skills and insight, Majic intends to be two steps ahead of the competitive crypto market, ever-changing and ever-changing.
For a more in-depth review of Majic Wheels Corp., check out the company’s website:
PCEX is a sophisticated digital asset exchange where users can buy, sell and trade cryptocurrencies globally. Presenting attractive and highly profitable investment opportunities to its clients, PCEX operates on a one-of-a-kind membership model that helps crypto novices and those looking to enter the market get their bearings.
An exchange with top-notch security, it prides itself on being one of the safest bitcoin and altcoin exchanges in the world.
To learn more about PCEX, please visit the exchange’s website:
Founded in 2017, Calfin Global Crypto Exchange (CGCX) is on a mission to provide a high-level, secure and user-friendly crypto trading experience. While most exchanges only offer cryptocurrency trading, CGCX combines four blockchain services on one platform. These services include a crypto exchange, merchant solutions, smart contracts, and an ICO platform.
With an average daily volume of over $75 million, CGCX’s fully insured hybrid exchange, custodial solutions and mining operations open up a field of opportunity for its clients and users.
Please visit for more details.
This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, “intends to”, or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to meet industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, our operations, our ability to continue our operations and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.
SOURCE: Majic Wheels Corp.
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Majic Wheels Corp. Acquires Majority Stake In PCEX
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