While many brokers look ahead to increasing headwinds and the specter of industry consolidation, many other venues have managed to weather the storm. This includes Coinexx, which is strengthening its services suite, while also growing across multiple jurisdictions despite an uptick in regulatory actions in 2018.
Growing clientele prompts strategic changes
At a time when other brokers are scaling back operations, Coinexx is instead expanding its operations. This is due not only to its customer service and trader-friendly offering, but also its decision to on-board clients across multiple jurisdictions.
Coinexx will be moving its company headquarters to St Vincent and Grenades, in large part due to an increase in number of clients and trading volumes. The brokerage’s Scotland office will function as an additional operational base. Indeed, 2018 has seen a higher uptick in volumes, setting new highs for the brokerage.
Another factor that has helped kindle its growth in recent quarters has been Coinexx’s availability of a strong leadership team. The group is comprised of blockchain enthusiasts who have more than fifty years of collective experience in the capital markets space.
Coinexx expanding with MT4
Coinexx already boasts a diverse offering complete with trading services covering FX, commodities, global indices, and cryptocurrencies. The brokerage now has added both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to its offering, covering the two most trading platforms on the market.
The move signals a willingness for Coinexx to better cater to its growing clientele, which has helped it stay ahead of its competition in recent months. Last month, Coinexx made waves by introducing its Digital Contract.
Coinexx’s Digital Contract is created by pegging crypto against fiat and creating a cross product that offers thick liquidity. There is a highly liquid market available for cryptos with respect to the fiat currency like BTCUSD, BTCEUR, BTCGBP, BTCAUD, and BTCJPY.
The product reflects a blend of sophisticated engineering and our expertise, helping offer millions of traders a standard FX contract with superior execution and tightest spreads possible in industry.
Consequently, Coinexx’s clients can benefit from near zero to negative spreads, reduced trading costs, and more importantly ability to deposit & withdraw from a diverse basket of over 25 cryptocurrencies.
In addition to its new product line-up this fall, Coinexx has also added EUR based forex – including both major minor and exotic – and crypto trading pairs to its ever-expanding suite of instruments on offer. Collectively, this gives Coinexx one of the most diverse offerings available, which clients have keen to take advantage of.
Looking ahead, Coinexx’s team will look to overcome many issues that have defined the FX industry, resolving these problems through democratization.