This strategic partnership aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants, using the combined global licensing framework of both firms, bringing together compliance expertise, as well as trading and payments capabilities to offer partners a seamless and secure trading wallet.
The FinTechs have been linked since 2016, when they first established a successful payments partnership, but the the newly introduced Embedded Trading Wallet will see that collaboration take to the next level.
The service is set to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe.
Micah Kershner, SVP of Crypto and Digital Assets at Paysafe, said: “We’re delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services.”
Eightcap, a global leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API, which allows partners to seamlessly offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities.
Patrick Murphy, Director of UK at Eightcap, commented, “We are extremely excited to be entering into this new phase of our partnership. This solution will enable unparalleled payment capabilities for our global partners and traders.”
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