Video: Pro Crypto Traders to Force Exchange Custody, Per Expert Panel
by
Malynnda Littky
Institutional traders believe that it's vital for crypto exchanges to provide better token security.
Our 'Diversifying to Crypto' panel at last month’s iFX EXPO Asia 2019 addressed the challenges facing institutional investors hoping to transition to crypto in the coming year.
Finance Magnates Senior FX Editor Victor Golovtchenko spoke with several industry experts who confirmed that, despite falling prices and stagnant Liquidity , institutional interest remained strong, pending adoption of crypto exchange custody safeguards.
According to the panel, brokers want to offer leverage and the ability to short, which makes cash products less desirable, and the crash of ICOs has also led to traders to abandon physical tokens. Traditional Liquidity Providers are now taking on market making in the crypto market, with a major differentiator being whether the liquidity provider will take on the counterparty risk.
Liquidity provider B2C2's CEO Phill Gillespie laid part of the blame for the recent crypto slump at the feet of the retail segment. He explained that decentralized tokens were originally designed to be held in client wallets, as opposed to being traded on exchanges. Unfortunately, many inexperienced traders lacked the education to properly manage portfolios without robust exchange custody solutions. Gillespie said that “in order for this market to grow, we need people to understand what they’re dealing with.”
However, as more institutional investors enter the market, maintaining liquidity for this asset class will depend on the availability of safe, secure storage backed by economical insurance. Currently, there is no single product capable of fully protecting assets. So, for the moment, exchange custody will rely upon an integrated system which combines technology with appropriate segregation.
In terms of upcoming asset trends, crypto CFDs were chosen as the consensus pick because both brokers and exchanges benefit from offering them. The CFD funding rate is very competitive, with double-digit funding possible in crypto, and brokers can use these options to give clients needing diversification an added value service. Meanwhile, the exchanges holding physical tokens rely upon broker volumes to create market movement.
The panel continues to see greater investment in institutional infrastructure. This includes robust white label software that’s auditable and compliant, and the development of CFD broker wallets to better handle crypto exchange custody. Jasper Lee, Managing Director of major broker eToro, confirmed that the brokerage plans to debut a crypto exchange focused on tokenized assets like stablecoin this year. Lee said that the current bearish market would be a good time to clean the market, and that with “professional players coming in, the security already improved significantly.”
You can also visit the official iFX EXPO YouTube channel to review all of the insights shared by the speakers during our iFX EXPO Asia 2019 sessions.
Our 'Diversifying to Crypto' panel at last month’s iFX EXPO Asia 2019 addressed the challenges facing institutional investors hoping to transition to crypto in the coming year.
Finance Magnates Senior FX Editor Victor Golovtchenko spoke with several industry experts who confirmed that, despite falling prices and stagnant Liquidity , institutional interest remained strong, pending adoption of crypto exchange custody safeguards.
According to the panel, brokers want to offer leverage and the ability to short, which makes cash products less desirable, and the crash of ICOs has also led to traders to abandon physical tokens. Traditional Liquidity Providers are now taking on market making in the crypto market, with a major differentiator being whether the liquidity provider will take on the counterparty risk.
Liquidity provider B2C2's CEO Phill Gillespie laid part of the blame for the recent crypto slump at the feet of the retail segment. He explained that decentralized tokens were originally designed to be held in client wallets, as opposed to being traded on exchanges. Unfortunately, many inexperienced traders lacked the education to properly manage portfolios without robust exchange custody solutions. Gillespie said that “in order for this market to grow, we need people to understand what they’re dealing with.”
However, as more institutional investors enter the market, maintaining liquidity for this asset class will depend on the availability of safe, secure storage backed by economical insurance. Currently, there is no single product capable of fully protecting assets. So, for the moment, exchange custody will rely upon an integrated system which combines technology with appropriate segregation.
In terms of upcoming asset trends, crypto CFDs were chosen as the consensus pick because both brokers and exchanges benefit from offering them. The CFD funding rate is very competitive, with double-digit funding possible in crypto, and brokers can use these options to give clients needing diversification an added value service. Meanwhile, the exchanges holding physical tokens rely upon broker volumes to create market movement.
The panel continues to see greater investment in institutional infrastructure. This includes robust white label software that’s auditable and compliant, and the development of CFD broker wallets to better handle crypto exchange custody. Jasper Lee, Managing Director of major broker eToro, confirmed that the brokerage plans to debut a crypto exchange focused on tokenized assets like stablecoin this year. Lee said that the current bearish market would be a good time to clean the market, and that with “professional players coming in, the security already improved significantly.”
Strike's Expansion into Europe Accelerates Bitcoin Adoption
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.
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#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!
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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:
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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
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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
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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
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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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