Devexperts, one of the leading platform technology developers in the industry, has embraced the growing industry shift towards cryptocurrencies. This has led to the group to integrate crypto spot and derivatives trading to its multi-asset and multi-market trading platform dxTrade.
The new initiative takes advantage of the growing influence and demand for cryptos in the retail industry. Having now permeated the mainstream retail space, more and more brokers have begun to explore and leverage crypto trading capabilities for their clients. This demand has served as the impetus behind the expansion of dxTrade’s solutions suite.
Indeed, this focus was echoed by Michael Berman, Global Head of Sales at Devexperts, who commented: “As the industry’s interest drifts towards cryptocurrency demand we invested in adding cryptocurrency trading on our platform, and now we are glad to offer the additional functionality to brokers. This offering is a natural extension of the supreme power and exceptional capabilities of Devexperts modular multi-asset trading platform.”
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dxTrade incorporates A- and B-book, STP, and hybrid models of risk management, catering to the retail brokerage industry. The group’s solutions suite also offers technical analysis and market analysis tools on a client side.
dxTrade is currently powered by dxFeed, a Devexperts market data division service with real-time cryptocurrency market data for a wide range of cryptocurrencies. This includes, among others, Bitcoin, Litecoin, Ethereum, Zcash, Ripple, and Monero.
Moreover, dxTrade provides a Bitcoin index from different crypto exchanges and Bitcoin futures from the two leading providers in the United States, i.e. Chicago Mercantile Exchange (CME) and CBOE Futures Exchange.
The support of new crypto instruments follows nearly one month after Devexperts’ other marquee development of 2018, having passed the FIX certification of Borsa Istanbul. The Turkish stock market operator granted dxTrade Advanced Level FIX certificates for both the equity and derivatives markets back in February.