Following their public launch last month at the Forex Magnates London Summit Innovation Stage, Exgate has announced their first post-launch partnership collaboration with Bitreserve and JSC Caufex. The combined firms are introducing real-time settlement clearing and custody services for contracts for differences (CFDs) that are based on leveraged digital currency tradable instruments. With the combined technologies, brokers and trading venues will be able to provide leveraged CFD trading with clearing and straight-through processing (STP) of digital currencies taking place with Exgate’s technology and using Bitreserve and JSC Caufex for clearing, settlement and regulation of trades.
A provider of bitcoin and digital currency trading solutions to the online brokerage industry, Exgate’s products include MetaTrader 4 white labeling, integrated bitcoin wallets for deposit and withdrawals without the need for a payment processor and risk management tools. A bitcoin trading technology provider, Exgate, connects to JSC Caufex’s electronic derivatives and commodity exchange for Liquidity of bitcoins and other Cryptocurrencies. A regulated exchange, in addition to clearing technology and liquidity lines, JSC Caufex also brings compliance and licensing arrangements to the partnership under its regulatory umbrella.
Under the terms of the new deal, Bitreserve becomes the exclusive bitcoin clearing system for JSC Caufex’s new cryptocurrency-trading offering in its electronic derivatives and commodities exchange. With Bitreserve, clearing members will be able to store funds denominated in fiat currencies or gold to remove bitcoin volatility risk, but which will be transferable to cryptocurrencies for settlement of trades.
According to the firms, the combined solution provides a “true end-to end STP solution addressing the major deficiencies that currently exist in the forex markets, derivative and cryptocurrency financial world." The solution is being marketed as a turnkey solution for market makers, asset managers, traders and brokers to provide them with a regulated entity for account deposits, leveraged bitcoin trading and cross participation settlement.
In terms of innovation, cross participant clearing and settlement may be the most important part of the partnership. The central clearing system allows for greater transparency of traders which could provide a solution to traders and financial firms that have been hesitant to engage in bitcoin trading due to the funding risks involved with lesser known counterparties.
Commenting on the news, CEO of Exgate Gregory Mazzeo stated, “This partnership is a major step towards bringing cryptocurrencies into the mainstream financial world. The combination of Exgate, CAUFEX and Bitreserve’s technological and clearing capabilities for digital instruments will enable the ability to offer exchange derived pricing and liquidity with a standardized settlement date for cryptocurrency transactions in a truly transparent and wrapped environment. A true game changer for the crypto world.”
Carl Weir of Partnering and Business Development, Financial Markets at Bitreserve added, “Partnering with Exgate represents a seamless merging of institutional and cryptocurrencies transactions into a safe, secure, and transparent environment. This will not only allow institutions to achieve full transparency in multiple asset classes, but also allow seamless near-zero cost clearing, and real-time settlement; the latter three being expected pillars of trading that was near unattainable, until now. This partnering is an industry first.”
Following their public launch last month at the Forex Magnates London Summit Innovation Stage, Exgate has announced their first post-launch partnership collaboration with Bitreserve and JSC Caufex. The combined firms are introducing real-time settlement clearing and custody services for contracts for differences (CFDs) that are based on leveraged digital currency tradable instruments. With the combined technologies, brokers and trading venues will be able to provide leveraged CFD trading with clearing and straight-through processing (STP) of digital currencies taking place with Exgate’s technology and using Bitreserve and JSC Caufex for clearing, settlement and regulation of trades.
A provider of bitcoin and digital currency trading solutions to the online brokerage industry, Exgate’s products include MetaTrader 4 white labeling, integrated bitcoin wallets for deposit and withdrawals without the need for a payment processor and risk management tools. A bitcoin trading technology provider, Exgate, connects to JSC Caufex’s electronic derivatives and commodity exchange for Liquidity of bitcoins and other Cryptocurrencies. A regulated exchange, in addition to clearing technology and liquidity lines, JSC Caufex also brings compliance and licensing arrangements to the partnership under its regulatory umbrella.
Under the terms of the new deal, Bitreserve becomes the exclusive bitcoin clearing system for JSC Caufex’s new cryptocurrency-trading offering in its electronic derivatives and commodities exchange. With Bitreserve, clearing members will be able to store funds denominated in fiat currencies or gold to remove bitcoin volatility risk, but which will be transferable to cryptocurrencies for settlement of trades.
According to the firms, the combined solution provides a “true end-to end STP solution addressing the major deficiencies that currently exist in the forex markets, derivative and cryptocurrency financial world." The solution is being marketed as a turnkey solution for market makers, asset managers, traders and brokers to provide them with a regulated entity for account deposits, leveraged bitcoin trading and cross participation settlement.
In terms of innovation, cross participant clearing and settlement may be the most important part of the partnership. The central clearing system allows for greater transparency of traders which could provide a solution to traders and financial firms that have been hesitant to engage in bitcoin trading due to the funding risks involved with lesser known counterparties.
Commenting on the news, CEO of Exgate Gregory Mazzeo stated, “This partnership is a major step towards bringing cryptocurrencies into the mainstream financial world. The combination of Exgate, CAUFEX and Bitreserve’s technological and clearing capabilities for digital instruments will enable the ability to offer exchange derived pricing and liquidity with a standardized settlement date for cryptocurrency transactions in a truly transparent and wrapped environment. A true game changer for the crypto world.”
Carl Weir of Partnering and Business Development, Financial Markets at Bitreserve added, “Partnering with Exgate represents a seamless merging of institutional and cryptocurrencies transactions into a safe, secure, and transparent environment. This will not only allow institutions to achieve full transparency in multiple asset classes, but also allow seamless near-zero cost clearing, and real-time settlement; the latter three being expected pillars of trading that was near unattainable, until now. This partnering is an industry first.”
Binance Assists Dutch Authorities in Exposing $30M Online Fraud
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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