Eightcap bets big on Crypto as traders grow wary of crypto exchanges
“The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary worries about their funds and if they can withdraw them” – Joel Murphy, Chief Executive Officer at Eightcap
Eightcap has launched over 250 cryptocurrency derivatives as the CFD broker addresses the increased demand for exposure to the emerging asset class.
This will allow clients to diversify their crypto portfolio via the MT4 and MT5 platforms with one of the largest crypto offerings within the CFD sector.
A few of the positive aspects of entering the cryptocurrency market through an FX and CFD broker such as Eightcap is that clients not only have multiple funding options, but they are able to make fast and large withdrawals.
The reduced withdrawal limits in particular have been a point of contention for many retail clients who have felt frustrated with their cryptocurrency exchanges.
CFD brokers are able to overcome those pain points as well as offer a wide range of Cryptocurrency CFDs, including crypto-crosses and crypto indices.
Joel Murphy, Chief Executive Officer at Eightcap, said: “Our vision at Eightcap is to provide a new home for Crypto derivative traders by providing an unparalleled offering that includes the largest crypto derivative library paired with ultra-low spreads and fast withdrawal options.
“The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary worries about their funds and if they can withdraw them. With us, Crypto derivative traders can have a seamless experience from the moment they open an account to when they want to withdraw their funds.”
Marcus Fetherston, Director of Operations at Eightcap, added: “The Eightcap offering focuses solely on creating regulated leveraged derivative trading opportunities for Cryptocurrency traders, that offers more security than traditional offshore exchange platforms. We are thrilled to provide a solution that meets the needs of crypto derivative traders so that they can gain the best possible trading experience.”
Eightcap is an ASIC-regulated CFD broker offering derivatives trading in multiple jurisdictions via MetaTrader 4 and MetaTrader 5. The broker is known for its competitive pricing and strong execution capabilities.
The broker also offers trading to retail and institutional clients across Forex, Indices, Commodities, and Shares markets.
In May 2021, Eightcap appointed ex-Pepperstone Martin Doepke as Global Head of Strategic Partnerships, based in Australia, in a time retail brokers there come to terms with the new restrictions on CFD products.
For three and a half years at Pepperstone, he developed solutions for CPA and revenue share Affiliates to optimize performance, reported on partner performance, developed partner strategy and marketing campaigns, and helped develop strategies and processes regarding partnerships.
In regard to Eightcap’s strategic partnerships, the firm has recently announced a deal with Capitalise.ai, a provider of trading automation and analysis platform, where users can now fully automate their trading strategies using free-style text and get insights from its analytics tool.
Eightcap users will have access to automation and analytic tools, including backtesting, loop strategies, and smart notifications.