Life Clips subsidiary Belfrics launches crypto offer


AVENTURA, Florida, September 29, 2021 (GLOBE NEWSWIRE) – Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today announced that its wholly-owned subsidiary Belfrics International Limited (Labuan) Malaysia, which holds a silver broker license from Labuan Financial Services Authority, will offer its clients leveraged Forex instruments and crypto derivative contracts on Saturday, October 2, 2021. Leveraged Forex instruments and crypto derivative contracts from Belfrics will be available at http: // 209.126.0.30/belfricsweb11/Compte/Connexion.

Belfrics Exchange has plans for rapid expansion. In addition to offering leveraged Forex instruments and crypto derivative contracts, it plans to relaunch its cryptocurrency exchange in India in October and open 22 centers in various regions of the country. Belfrics Exchange is a digital asset trading platform that uses a mandatory KYC component to identify and verify its users. Belfrics’ proprietary Belrium KYC verification system is used for the KYC identification and verification process for Belfrics Exchange. Belfrics Exchange currently generates over $ 10 million in daily volume by offering 15 crypto pairs to over 35,000 customers in 12 countries. Belfrics Exchange expects to gain significant market share in the crypto derivatives market as very few competitors offer the product in the region. In addition to the individual interest in leveraged Forex instruments and crypto derivative contracts, Belfrics Exchange expects to benefit from pockets of high volume institutional flows through close relationships with commodity brokers in many regions.

Belfrics offers its clients leveraged Forex instruments and crypto derivative contracts through Hybrid Solutions’ VertexFX platform. Hybrid Solutions has been serving forex brokers since 2002 with its VertexFX platform, which offers advanced plugins that benefit both retail and institutional traders. Collaboration with hybrid solutions will ensure a high quality trading experience for Belfrics Exchange clients as trading volumes increase. Traders will be able to deploy advanced money management tools, copy trading and auto trading strategies using VertexFX platform plugins on desktop, web, iOS and Android.

Akram Majed, CEO of Hybrid Solutions, said: “VertexFX Trader offers Belfrics Exchange clients the ability to check all open trades, market and pending entry orders through the trading panel of our trading platform. Positions can easily be closed by right clicking on the position in the trader’s panel and adding a trailing stop, or by double clicking on it. VertexFX Trader also allows users to hedge selected positions, generate reports and change appearance settings with just one click. Cryptographic derivative contracts.

According to CryptoCompare, a global data provider in the cryptocurrency market, crypto derivatives volumes rose 54% to more than $ 710 billion in August in its monthly review of exchanges. This is a new all-time high, with August figures now far exceeding the $ 602 billion in monthly volumes reported in May. The Forex market is the largest financial market in the world – even bigger than the stock market, with a daily volume of $ 6.6 trillion, according to the Central Bank’s 2019 Triennial Survey of Foreign Exchange Derivatives Markets and by mutual agreement. As the CEOs of Belfrics and Life Clips have extensive experience in the trading markets, traders can expect additional innovative products and optimal trading conditions through Belfrics trading platforms.

Belfrics CEO and Founder Praveen Kumar said: “The Forex market offers Belfrics Exchange and its clients huge opportunities, but the crypto derivatives market offers our exchange the opportunity to take a significant market share in space, because there are few actors in space at the moment. Providing access to these markets on our platform gives Belfrics Exchange a huge advantage over many of our competitors. Mr Kumar continued, “We have set ourselves an ambitious target of reaching over $ 2 billion in monthly volumes by the end of 2021. As we release our cryptocurrency exchange in India and open 22 centers in various parts of the country next month, we believe our goal is achievable. “

Robert Grinberg, CEO and President of Life Clips, Inc. said: “We are committed to providing Belfrics Exchange and its customers with access to new and innovative products, as well as access to capital for expansion. We believe that Belfrics’ plan to introduce leveraged Forex crypto derivative instruments and contracts to its clients is a very timely move. Crypto derivatives have become increasingly popular among traders, and we expect this piece of the puzzle to trigger huge growth for Belfrics Exchange. Mr Grinberg continued: “We are very excited about the potential of Belfrics Exchange and the Belrium blockchain. We closed our acquisition earlier than expected and introduced leveraged Forex instruments and crypto derivative contracts as planned. We plan to announce further opportunities related to our acquisition of the Belfrics Group in the near future. “

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysia-based blockchain provider and cryptocurrency exchange and platform that is authorized and regulated by the Labuan Financial Services Authority (LFSA) , Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been granted a patent for its Belrium KYC (BKVS) verification system by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its AI-powered, speech-based mental health analytics platform that enables companies to measure, understand and improve the mental well-being of their employees, patients and clients. Aiki offers CBT and IPT therapies using a chatbot that includes the Yuru voice analysis solution which takes into account other health data from Apple and Google HealthKit to perform a more accurate analysis of its health mental. Aiki was developed to capitalize on the trend of artificial intelligence platforms being used by employers to raise awareness about employee mental health. Yuru from Cognitive Apps is a 3-in-1 tool developed by a team of licensed psychotherapists that uses voice biomarkers to screen for the early signs of mental health issues, such as stress and depression. Yuru is available on the Apple App Store.

For more information on Life Clips, visit www.lifeclips.com

For more information on Belfrics Global, visit www.belfricsgroup.com

For more information on cognitive application software solutions, visit https://cogapps.com

Disclaimer Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. “” anticipates “,” projects “,” predicts “,” estimates “,” aims “,” believes “,” hopes ” “,” Potential “or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the Company, and cannot be predicted or quantified and, therefore, actual results may differ materially from those expressed or implied by these forward-looking statements: (i) the initiation, timing, progression and results of the Company’s research, manufacturing and development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacture, development, marketing and market acceptance of the Company’s products; (iv) lack of sufficient funding to finance product development and business operations; (v) competitive companies and technologies within the Company’s industry and the introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the extent of protection that the Company is able to establish and maintain for intellectual property rights covering its products and its ability to conduct business without infringing the intellectual property rights of others; (ix) potential non-compliance with applicable health information privacy and security laws and other federal and state privacy and security laws; and (x) the difficulty of predicting government actions and regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement, except as required by law.

For media and investor relations, please contact:

David L. Kugelman
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