CEX.IO to Launch Leveraged Crypto Trading Platform in April

London-based crypto exchange CEX.IO is set to launch its crypto derivatives platform, dubbed ‘CEX.IO BROKER,’ letting traders execute trades with borrowed money on abroad range of trading pairs including Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

Despite its prolonged winter, the move shows how the cryptocurrency space is maturing in a similar way to the $5 trillion foreign exchange market.

CEX.IO BROKER also offers margin trading on CFDs, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and other mainstream asset classes. The service will offer users different leverage options - 1:2, 1:3, 1:5, and 1:10 - depending on the market conditions and their regulatory jurisdiction.

Leveraged trades are often handled via traditional brokers, who offer high-volume traders a trading desk to execute large trades with a faster settlement and lower fees. However, Coinbase, Poloniex, Gemini, and Circle started their over-the-counter trading operations earlier last year.

The OTC business complements those exchanges’ underlying services as many institutions were already using OTC as a proxy for crypto trading.

Back to CEX.IO BROKER

The beta version of CEX.IO BROKER platform will be launched on April 1, 2019.

Founded in 2012, CEX.io classifies itself as a self-regulated venue and is licensed as a Money Services Business (MSB) since the only regulation relevant to such businesses in the UK is a European Union law – the fifth Anti-Money Laundering Directive. When it started out, CEX.io wasn’t an exchange but a cloud mining platform.

In a statement released to the media, CEX.IO CEO Oleksandr Lutskevych said: “A few years ago, CEX.IO was among the first crypto exchanges to offer margin trading for customers. It was obvious that margin trading itself did not satisfy all the needs of professional traders. By diversifying our portfolio of services, we aim to bring crypto closer to a wider audience of multi-asset traders. For example, if you are used to forex trading platforms, you will find familiar functionality on CEX.IO BROKER. With this convenient platform, traders will get a chance to add short and long positions with leverage in crypto.”