Rostro Launches Prime Services for Crypto CFDs, Plans to Add Spot Trading

Rostro Group has expanded its institutional offering by launching prime services for digital asset derivatives. Announced today (Tuesday), it will offer pricing and execution in crypto contracts for differences (CFDs).

Prime Services for Crypto CFDs

The offerings will be available under the Scope Prime brand, which is Rostro’s institutional division. Rostro acquired Scope in 2022.

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“The popularity of digital asset trading and investing has grown significantly in recent years, yet the decentralised nature of the underlying assets means that market functions have remained somewhat siloed,” said Rostro’s Group CEO and Partner, Michael Ayres, adding that the new services would strengthen “existing relationships with clearers, liquidity providers and clients to deliver comprehensive pricing and execution.”

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The launch comes just days after Bitcoin reached a new all-time high, with institutional demand for cryptocurrencies continuing to rise. Other major cryptocurrencies have also gained significantly during the recent market rally.

Crypto CFDs do not provide ownership of the underlying digital assets, but these leveraged instruments are often preferred by active traders who want to trade cryptocurrencies alongside other asset classes on a single platform.

The announcement stated that the crypto CFDs offered to Rostro’s clients will have margin requirements ranging from 2 per cent to 20 per cent, depending on trading activity and risk appetite.

Betting on Crypto Services

Although the company is introducing crypto CFDs first, it plans to expand the offering through further licensing and product development. This includes the creation of a licensed entity to support digital asset payment solutions and spot trading.

“In developing this new service, we have drawn heavily on the collective experience of the wider business, ensuring that we exceed counterparty expectations from the outset,” said Mark Foulger, Managing Director – Digital Assets Innovation at Rostro Group.

“Whether that’s through the ability to transact via industry-standard trading platforms or via API feeds, or the inclusion of real-time monitoring and reporting of trading resources, the successful launch of this service is a significant step forward not only for Rostro but for the wider market,” he said.