Volatility caused by the US election of Donald Trump helps trading volumes become stronger than ever.
First Global Credit, the London-based bitcoin firm that enables cryptocurrency to be used as collateral margin to trade stocks, ETFs and commodity futures, reports over $12 million dollars' worth of trading volume on the platform during the month of November.
This new record tops the previous high set in February of 2016 when combined stock, futures and bitcoin to fiat currency trading on the site which totalled $2.1 million dollars.
“The explosive Volatility in the US stock market following the US election of Donald Trump election caused a sharp increase in the number of new deposits followed by an increase in the size of trades being executed on the platform,” stated First Global Credit Founding Director Marcie Terman. “The number of traders verifying live accounts has also increased 25% over October and November. That coupled with a record number of old traders returning to take advantage of the profit opportunities in the market have all come together to cause the significant increase in volume of trading on the site.”
“This market volatility combined with conversations I am having with people about their fears following August’s Bitfinex hack has become clear that more and more bitcoin traders are looking critically at the exchanges they choose to work with. We are seeing a sharp rise in the size of customer accounts alongside more serious questions being asked before traders are willing to deposit actual funds in an account,” stated Ms. Terman. “Perhaps more serious traders are attracted to our business model. These people have clearly stated that exchanges that don’t publish their management details or ones that choose to domicile in questionable jurisdictions are possibly doing so because if problems develop it is easier to disappear without reprisal."
Let your bitcoin work for you
In July of 2016 First Global moved the service onto a new bank grade Trading Platform and over the last twelve months it has increased the number of markets available to trade on the platform by more than 30%. The company reports that a combination of new markets, new customers and old ones returning to the site has caused a jump of 600% in revenue for 2016 to date.
“This is a very exciting time to be involved in a bitcoin capital market company,” said Terman. “As the price of bitcoin rises people become more committed about retaining their position in the cryptocurrency. This means there is less interest in trading in and out of bitcoin and a more serious search for ways to make the currency productive while holding onto a bitcoin position to reap the anticipated benefits from upward surges in currency value."
First Global Credit, the London-based bitcoin firm that enables cryptocurrency to be used as collateral margin to trade stocks, ETFs and commodity futures, reports over $12 million dollars' worth of trading volume on the platform during the month of November.
This new record tops the previous high set in February of 2016 when combined stock, futures and bitcoin to fiat currency trading on the site which totalled $2.1 million dollars.
“The explosive Volatility in the US stock market following the US election of Donald Trump election caused a sharp increase in the number of new deposits followed by an increase in the size of trades being executed on the platform,” stated First Global Credit Founding Director Marcie Terman. “The number of traders verifying live accounts has also increased 25% over October and November. That coupled with a record number of old traders returning to take advantage of the profit opportunities in the market have all come together to cause the significant increase in volume of trading on the site.”
“This market volatility combined with conversations I am having with people about their fears following August’s Bitfinex hack has become clear that more and more bitcoin traders are looking critically at the exchanges they choose to work with. We are seeing a sharp rise in the size of customer accounts alongside more serious questions being asked before traders are willing to deposit actual funds in an account,” stated Ms. Terman. “Perhaps more serious traders are attracted to our business model. These people have clearly stated that exchanges that don’t publish their management details or ones that choose to domicile in questionable jurisdictions are possibly doing so because if problems develop it is easier to disappear without reprisal."
Let your bitcoin work for you
In July of 2016 First Global moved the service onto a new bank grade Trading Platform and over the last twelve months it has increased the number of markets available to trade on the platform by more than 30%. The company reports that a combination of new markets, new customers and old ones returning to the site has caused a jump of 600% in revenue for 2016 to date.
“This is a very exciting time to be involved in a bitcoin capital market company,” said Terman. “As the price of bitcoin rises people become more committed about retaining their position in the cryptocurrency. This means there is less interest in trading in and out of bitcoin and a more serious search for ways to make the currency productive while holding onto a bitcoin position to reap the anticipated benefits from upward surges in currency value."
Breaking: Binance's Changpeng Zhao Handed Four Months in Prison
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:
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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!
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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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