Juno Markets, a retail broker providing forex and CFDs trading services, announced on Monday the addition of cryptocurrency CFDs, thus expanding the range of its suite of offerings.
Per the press release shared with Finance Magnates, the brokerage will initially offer trading services with three crypto-fiat pairs: BTCUSD, ETHUSD and XRPUSD. However, it has plans to further expand crypto offerings in the future.
“We’ve been wanting to introduce crypto trading to our clients for quite some time but had difficulties finding credible institutional counterparties that met our requirements,” said Arthur Le, Juno Markets CEO. “While we know we are not the first, we believe that the unique value we bring is the credibility of the partners we work with.”
Juno Markets added the cryptocurrency CFDs when demand for such instruments is high among both retail and professional traders. Recently, the crypto market corrected heavily from its peak achieved earlier this year, but there are possibilities of major upward drag in the near future.
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The broker partnered with United Kingdom-regulated GC Exchange (GCEX) for offering the crypto trading pairs.
“By being able to clear trades through GCEX, we have the assurance of dealing with the first FCA-regulated crypto liquidity provider,” Le added. “Additionally, client digital assets are held with OSL, the first SFC regulated and independently audited digital custodian in the world. Solving both the custodian and clearing side of the equation allowed us to introduce a safe and regulated crypto offering confidently.”
Regulated by the Vanuatu Financial Services Commission (VFSC), Juno offers trading services with forex, metals, stock indices and energy, apart from the newly added crypto CFDs. It was already taking deposits in top cryptocurrencies.
Furthermore, it is expanding its products aggressively and added share CFDs last October with real-time market quotes from Nasdaq. Most recently, it sweetened its offerings by adding stock CFDs of some of the most popular and in-demand companies.