Titan FX Strikes $2 Billion Crypto Trading Volume in a Single Day

Crypto winter is for HODLers. Meanwhile the sun is shining harder than ever for crypto traders, who placed an unprecedented US$2 billion of orders with Titan FX on a recent September day.

In crypto trading there is no need for laser eyes, rocket emojis or cries for “number go up”. What matters is that sweet, sweet volatility, where profits can be taken rapidly in any direction. And there’s been plenty of it recently.

One big benefactor of that trend has been Titan FX, who has beefed up its crypto offering in recent months and now offers 50 crypto pairs on a 24/7 basis with ultra low spreads – most notably a fixed $5 spread on BTC and ETH pairs.

Add to this the possibility of leveraging every trade up to 100:1, and it’s no surprise that traders looking for short-term action have been flocking to the platform in large numbers.

Click here for more information on Titan FX's crypto CFD offering

Last month Titan FX broke its single-day volume record with an unheard-of US$2 billion order flow. Many profits were taken; many losses were swallowed; but everyone got a piece of the action.

Appetite for volatility

“Forex and commodity traders are already known for their appetite for risk, but crypto traders are a whole other species”, observed Yuki Noji, a digital marketing manager at Titan FX.

“They do love their volatility, but only when it comes from the actual supply and demand of the underlying asset. They have zero tolerance on the other hand for broker-side volatility, by which I mean unexpected spreads, slippage and swaps.”

She said Titan FX has been keen to keep a tight lid on those risks in order to position itself as a magnet for crypto traders. They now enjoy a steady 99.9% level of service on the platform, 24/7, with stellar customer support one click away at all time.

To boost awareness of its crypto offering, Titan FX recently organized the "Vanuatu Quest” contest whereby the biggest crypto CFD trader by volume would win a luxurious trip for two in the broker's home base of Vanuatu. The winner has not been announced yet.

Click here for more information on Titan FX's crypto CFD offering

While Vanuatu is only one of four jurisdictions where Titan FX is licensed, the country is close to its heart as it built its headquarters there and many of its key executives reside there. Based in the capital city of Port Vila, the broker has been actively advocating for the adoption of digital currencies in the jurisdiction. In addition to crypto CFDs, it will soon be possible to trade the underlying virtual currencies directly under a proposed “Class D” licence granted by the Vanuatu Financial Services Commission.