BidX Markets adds 120 Crypto CFDs to multi asset offering for pros and brokerages

Rick Steves

London-based trading technology provider BidX Markets has added over 120 Crypto CFDs to its product portfolio catering to professional traders and brokerages.

BidX Markets boasts a white label solution for brokerages that covers a wide range of markets, including FX, Commodities, share CFDs, and index CFDs. The turnkey solution features MetaTrader 4 and MetaTrader 5 and is connected to many leading broker hubs for liquidity distribution, including Your Bourse, Tools For Brokers, Solid., Gold-i, and FXCubic. As to connectivity, Beeks Financial Cloud, UltraFX VPS, and Liquidity Connect do the trick.

Professional traders can also turn to BidX Markets to gain access to its capabilities and offering including the 120 crypto CFDs by opening an Individual Account.

BiX Markets added crypto to bring diversification to its clients

The FCA authorised and regulated firm is a leading price maker and taker for Spot trading and CFDs of FX, metals and indices. Adding cryptocurrencies to the mix was strategically the next logical step.

Simon Blackledge, CEO and Founder of BidX Markets said: “As we grow as a company and as the world becomes more open to the adoption of cryptocurrencies we are also evolving and adapting our offering to meet these needs. Expanding into the Cryptocurrency and blockchain markets was important for us in order to bring diversification to our clients.”

“We cater for professional traders and brokerages of all sizes, with different requirements and objectives. To meet these needs, we have developed a long list of crypto products to make our offering as versatile and appealing as possible especially in these volatile times that digital currencies are going through.”

BidX Markets has recently hired James Roddy as Head of Institutional Sales as part of its efforts to expand the business further in both professional and brokerage segments. He will help solidify BidX Markets’ operations in the wholesale foreign exchange market, bringing two decades of expertise in the FX space to the role.

The experience he accrued during his nearly 23 years tenure in the prime brokerage field likely influenced BidX’s decision to hire him to guide its institutional sales department.

Roddy joined BidX Markets from digital asset clearing network BOSONIC, based in London, where he was head of institutional sales. Previously, he spent six years as business development manager at VIBHS Financial UK. Prior to that, he held an analogues position with ICM Capital between 2013 and 2016. Other stops include different roles at Valbury Capital, ODL Securities, BGC Partners and TP ICAP, part of a career dating back to 1999.

Launched in 2021, BidX Markets provides tailored access for brokers, asset managers, and funds to industry leading Tier 1 liquidity, connectivity, and distribution services. The firm’s founding team comprises of industry experts from Barclays Capital, LMAX, and BNP Paribas. The firm also introduces technology partners, including Beeks Financial Cloud, Your Bourse, and Gold-i.

Read this next

Payments

BVNK launches Swift payments to move between fiat and stablecoins

“Adding USD and EUR via Swift means that our customers can really take full advantage of stablecoins to speed up their money movement, wherever they are based – and they can easily get back into fiat currencies if and where they need to.”

Market News

Base metals could soon take off from the base again

Dive into our full analysis to understand the potential resurgence of base metals and what it could mean for your investment strategy.

Digital Assets

Global clamp down on crypto tax evasion to go live in 2027

“As jurisdictions that play host to active crypto markets, we therefore intend to work towards swiftly transposing the CARF into domestic law and activating exchange agreements in time for exchanges to commence by 2027.”

Digital Assets

Ripple and Archax team up for tokenization with XRPL

“There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments and money market funds. Financial institutions are now understanding this and we are excited to play our part in helping them to embrace the technology by bringing their assets onto the XRPL.”

Interviews

Acuity Trading at iFX EXPO LATAM: Andrew Lane on the rise of AI and prop trading

At iFX EXPO LATAM 2024, Acuity Trading’s Andrew Lane discussed the successful rollout of their Research Terminal, the impact of AI on the trading industry, competition from AI-powered solutions, emerging market trends in Latin America, and the rise of prop trading, while addressing regulatory challenges and innovations.

blockdag

Top Crypto Highlights for Q2 2024: BlockDAG’s Astonishing 1120% Growth Compared to Solana’s Surge and Toncoin’s Market Triumph

Explore the latest highlights in cryptocurrency: Solana’s recovery, Toncoin’s record levels, and the rise of BlockDAG’s innovative technology.

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.

blockdag

Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

<