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Majic Wheels Corp. to Enter Blockchain & Crypto Industry Through 150M Acquisition
Houston, Texas (Newsfile Corp. - May 21, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ( Majic or the Company ), a Delaware corporation, is pleased to announce today that it has executed a binding letter of intent to acquire a USD 150M revenue producing cryptocurrency exchange and custody services platform: CGCX Ltd.
CGCX Ltd.
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Founded in 2018, Calfin Global Crypto Exchange ( CGCX ) set out to offer highly sophisticated cryptocurrencies services catering for the larger blockchain community.
CGCX has already established a crypto trading platform and custody solutions. In the latter, it is one of the first participants to offer insurance to some of its clients.