eToro Enhances Institutional Crypto Trading with New Tools
- The exchange is also offering a new inverted “Taker-Maker” fee model.
eToroX, the crypto-focused exchange of eToro, has added several enhanced trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools as the platform is seeing a growing number of professional and institutional traders, the multi-asset exchange announced on Thursday.
The exchange has added a few new order types including FOK, IOC, GTC, and GTD, as well as special Iceberg orders, all of which will offer better risk management to its institutional client base. Furthermore, it has also established a cold storage solution for storing digital assets.
It also introduced an institutional-grade API with FIX protocol and is offering a credit line program for spot traders that will allow them to trade up to ten times more volume.
“2020 is proving to be a significant year for institutional interest in crypto investing,” eToro CEO Yoni Assia said. The data is showing that institutions are buying the biggest cryptos by market cap such as bitcoin and ethereum, in a bid to position themselves ahead of the next bull run.”
“Furthermore, due to the unique way in which this year is playing out, investors are seeking uncorrelated alternative investments, and cryptoassets seem to be the ideal answer to this for many.”
Changes in fee structure
In addition to that, eToroX also flipped the traditional “Maker-Taker” pricing structure and is now offering a rebate to the takers who are executing market order above a certain volume, rather than paying them only for trading.
The announcement cited a study by the University of Melbourne that found this type of inverted fee model makes the price more efficient and also increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term with a decrease in short-term volatility.
“Institutional investors have not been able to enjoy a similar quality of trading tools in the crypto industry as those they rely on in traditional asset classes,” Doron Rosenblum, vice president of business solution at eToro, added. “Institutions are now much more aware how a 24x7 risk management mechanism allows the management of risks on a constant basis, which is only possible via the crypto ecosystem.”
eToroX, the crypto-focused exchange of eToro, has added several enhanced trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools as the platform is seeing a growing number of professional and institutional traders, the multi-asset exchange announced on Thursday.
The exchange has added a few new order types including FOK, IOC, GTC, and GTD, as well as special Iceberg orders, all of which will offer better risk management to its institutional client base. Furthermore, it has also established a cold storage solution for storing digital assets.
It also introduced an institutional-grade API with FIX protocol and is offering a credit line program for spot traders that will allow them to trade up to ten times more volume.
“2020 is proving to be a significant year for institutional interest in crypto investing,” eToro CEO Yoni Assia said. The data is showing that institutions are buying the biggest cryptos by market cap such as bitcoin and ethereum, in a bid to position themselves ahead of the next bull run.”
“Furthermore, due to the unique way in which this year is playing out, investors are seeking uncorrelated alternative investments, and cryptoassets seem to be the ideal answer to this for many.”
Changes in fee structure
In addition to that, eToroX also flipped the traditional “Maker-Taker” pricing structure and is now offering a rebate to the takers who are executing market order above a certain volume, rather than paying them only for trading.
The announcement cited a study by the University of Melbourne that found this type of inverted fee model makes the price more efficient and also increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term with a decrease in short-term volatility.
“Institutional investors have not been able to enjoy a similar quality of trading tools in the crypto industry as those they rely on in traditional asset classes,” Doron Rosenblum, vice president of business solution at eToro, added. “Institutions are now much more aware how a 24x7 risk management mechanism allows the management of risks on a constant basis, which is only possible via the crypto ecosystem.”