Exclusive: Exgate Launches Bitcoin Trading ‘Everything’ at Forex Magnates London Summit

One of the highlights of the first day of Forex Magnates London Summit was the Innovation Stage where five trading related startups launched to the public for the first time.  The firms also competed in a startup competition being judged by CEOs of some of the largest brokers and technology providers in the online forex industry including FXCM, Saxo Bank, and Integral.

Representing the bitcoin sector was Exgate. In the works for over a year to create a full end to end solution for brokers to offer bitcoin trading to clients including front end platforms, liquidity, risk management, and integrated bitcoin wallets, Exgate showed off its solution for the first time to the public.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Following up with judges after the competition, two of the more fascinating features were the ability for existing brokers with their own platforms to integrate liquidity from Exgate to provide bitcoin trading to their customers, as well as the wallet.  The integrated wallet allows users to send bitcoins directly to their account without funds being initially transfer to the broker for  processing.  Appealing to brokers, the Exgate front-end is operates using MetaTrader 4, the most popular trading platform in the retail online forex industry.  Exgate also provides a separate web-based interface for customers to access their accounts which can be customized into a mobile platform for trading.

Overall, Exgate has created what it believes is a suitable solution that confirms with industry standards to easily integrate with existing broker technology and use a recognizable front end that traders are comfortable with.  It’s not the first firm to come through with a MetaTrader 4 solution of trading bitcoins.  But they may have created the most robust offering in terms of meeting the needs of traders (familiar MetaTrader 4), brokers (liquidity and risk management), and bitcoin users (integrated bitcoin wallet).