The forex trading division Maverick FX has just announced that, from now on, they will be known as Maverick Currencies due to the expansion into cryptocurrencies.
In an article published by Maverick Trading (the parent company of the Maverick Currencies division), the firm stated that this was a purposeful move in order to let clients trade with their digital assets. The CEO of Maverick Trading Darren Fischer commented on the name change, stating:
"There were two driving forces behind this decision. The first were inquiries and requests to trade cryptos from our existing traders. The second force was that this is simply where the market is going and as a top prop firm, we're going to be along for the ride if not leading the pack."
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Fischer also mentioned that the adoption of cryptocurrency won’t affect any operations related to regular currency, and the usual forex trading will continue.
Likewise, the founder of Maverick Trading Robb Reinhold gave a list of cryptocurrencies that will be initially accepted by the trading company:
"At the outset, our traders will be permitted to trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. As more brands of crypto become accepted and adopted, our traders will be able to trade them as well."
In regards to the name change, it is quite common for companies to switch their aliases and "rebrand" themselves, so the company’s name can resemble something popular and widely talked about - like cryptocurrencies.
