Global online CFD broker Axi has launched fiat-settled crypto perpetual contracts. The product allows traders to gain exposure to crypto derivatives without converting funds into stablecoins.

The contracts are settled directly in fiat currencies. According to the company, this removes the need for stablecoin conversions, reduces counterparty risks, and provides greater clarity on balances and performance.

Addressing Transparency Concerns

The launch comes as regulators and industry participants continue to highlight risks around transparency and investor protection in crypto markets. Stuart Cooke, Head of New Business at Axi, said the move responds to concerns over opaque trading environments.

Join IG, CMC, and Robinhood in London’s leading trading industry event!

“By introducing fiat-settled perps, we’re breaking away from that model. Traders get the same exposure and flexibility of crypto derivatives but within a more transparent, regulated, and secure framework,” he commented.

You may find it interesting at FinanceMagnates.com: Axi Launches AxiPrime Institutional Liquidity Service.

Key features of the product include no stablecoin conversions, competitive taker fees starting at 0.035%, and the ability to trade crypto alongside forex , indices, and commodities in one account.

Axi Adds MT5 to Funded Trader Program, Expands Institutional Setup

Meanwhile, Axi has added the MT5 platform to its funded trader program, Axi Select, giving participants the choice of MT4 or MT5. The program provides live trading capital from $5,000 up to $1 million, without evaluation fees, demo accounts, or time limits.

Traders can track performance via the Edge Score system and access coaching and educational resources, supporting professional skill development.

The prop trading industry has faced regulatory challenges, with 70% of traders supporting increased oversight following MetaQuotes’ 2024 platform changes.

Separately, Axi has upgraded its institutional trading setup through Your Bourse, integrating its Matching Engine, Liquidity Aggregation, and Risk Management systems, while renewing its partnership with Brazilian football club Esporte Clube Bahia for two more seasons.