CEX.IO Broker, a platform for margin trading in cryptoassets, expands the range of financial instruments and launches trading in classic currencies.
The list of 29 cryptocurrency pairs has been replenished with 7 currency pairs: EUR / USD, GBP / USD, USD / RUB, EUR / GBP, EUR / JPY, GBP / JPY, USD / JPY. CEX.IO Broker is gearing up to add margin trading in stocks and indices.
Cryptocurrencies are increasingly entering the global financial system. Having started as an alternative to classic payment systems, digital assets quickly grew into a convenient service for transferring money. Now the infrastructure of the cryptoindustry is being implemented in those segments that were previously served only by fiat. This also applies to classic derivatives markets, where the undisputed leader is the foreign exchange market. In 2020, it showed strong momentum in response to economic incentives adopted by states to support national economies amid the pandemic.
To ensure that traders do not miss the opportunities that the fiat currency market offers, the CEX.IO Broker team provides traditional financial instruments with great trading potential. The main goal of introducing currency pairs into circulation is to give cryptocurrency holders the opportunity to benefit from the movement of classic and cryptocurrencies within a single platform.
You can trade currency pairs on the platform with leverage from 1: 2 to 1: 100. At the same time, users can finance trading using several cryptocurrencies: BTC, ETH and USDT. This opens up additional opportunities for trading, depending on the assets in which positions are opened. It should also be borne in mind that, unlike cryptocurrencies trading 24×7, trading in the foreign exchange markets is carried out in accordance with the trading regime adopted on traditional exchanges. The EUR / USD, GBP / USD, USD / JPY, EUR / GBP, EUR / JPY and GBP / JPY pairs are traded around the clock, from Monday to Friday, the USD / RUB pair – from 10.00 to 00.00 (GMT + 3) from Monday to Friday …
“The introduction of currency pairs on our platform is an illustration of the progression of cryptocurrency adoption. Even in the recent past, it was only possible to pay for the service with cryptocurrency. Recently, crypto enthusiasts have the opportunity to take out a loan secured by cryptocurrencies. Now it is possible to participate in the trading of the foreign exchange market by financing the strategy with a crypt. Plus one more use case in the piggy bank. Note that adding classic currency pairs is just the beginning. In the future, we definitely plan to expand the line of instruments from traditional markets, and not only at the expense of other currency pairs. We are also considering the possibility of introducing CFDs for the most important indices and shares, ”notes Alexander Lutskevich, founder and CEO of CEX.IO Group.
CEX.IO Broker brings trades of its clients to the market, thus, the interests of the company and the interests of the trader are on the same side. For cryptocurrency pairs, the platform implements orders on the largest cryptocurrency exchanges through the CEX.IO Aggregator technical solution, and orders for currency pairs, by analogy, are implemented through liquidity providers.
CEX.IO Broker is a platform for margin trading of cryptocurrencies and other assets based on CFDs, which is part of the international group CEX.IO. Now the platform has introduced the ability to trade EUR / USD, GBP / USD, USD / RUB, EUR / GBP, EUR / JPY, GBP / JPY, USD / JPY.
The CEX.IO group entered the crypto market in 2013 and now serves millions of clients in different countries. The companies of the group are licensed in the USA and Europe, and the CEX.IO crypto exchange is one of the largest and most secure platforms in the world for the exchange, trade and storage of digital assets.
