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Phanka Group to Join Forces With Cresco

Regarding the deal, Murat Kutay Yıldırım, co-founder of Phanka Group, said: “The acquisition is great timing, the global growth in retail trading is accelerating, and with CrescoFX we are now well-positioned and have the best technology to meet the demands of this fast-growing sector.”

NYFX is the trading name of Phanka Group, providing retail, professional, and institutional clients with cutting-edge services to deliver effective multi-asset trading. NYFX designs tailor-made solutions for every kind and every experience level of traders with 11 offices in 9 countries, 90.000 daily clients creating a daily trading volume of 12 billion USD. Through joining forces with Cresco, upon the completion of the deal, Phankawill have a new operation market in United Kingdom as well.