X Open Hub expands multi-asset offering with new cryptocurrencies and indices
X Open Hub, a multi-asset liquidity provider, announced today that it has extended its offering with inclusion of 30 new cryptocurrencies and two emerging market indices.
The company said its newly listed coins come in response to a surge in demand from investors trading digital assets and include some of the most sought-after cryptocurrencies.
Retail traders have increasingly demanded access to cryptocurrency exposure, which in turn has prompted brokers to expand their respective offerings. With more brokers now looking to tap into the crypto boom, X Open Hub has answered the call for its client base with trading on popular coins.
“We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub.
2022 was one of the most prolific years for retail brokers as they continue to go multi-asset in order to offset sluggish growth in traditional markets. As such, X Open Hub has also broadened its product line to garner its clients exposure to additional EM indices, namely CH50cash and IND50cash. The inclusion of Indices not only helps expand trading capabilities for clientele of its brokers but also attract more traders that are looking to diversify their trading options.
The IND50cash contract is based on the Nifty 50, the flagship index on the National Stock Exchange of India Ltd. (NSE). The Index tracks the behavior of a portfolio of 50 blue chip companies across the largest and most liquid Indian sectors.
Meanwhile, X Open Hub is offering its clients access to the CH50cash. The derivative product is based on the China A50, a pan-China benchmark index that includes 50 companies with the highest market capitalisation listed on the Shanghai and Shenzhen stock exchanges.
Established in 2010, X Open Hub’s multi-asset liquidity solution is backed by a global trading infrastructure, and offers over 5000 trading instruments. The institutional arm of Poland-based Forex and CFDs broker XTB has created a niche by providing front- and back-end technology to propel growth for financial firms.
X Open Hub’s solutions include institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs. The company also offers its partners a white label platform that can be customised and branded for each brokerage business.
X Open Hub, which has onboarded 100 clients across 30 countries, also offers multiple integration options for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, as well as integration with Prime XM, Gold-I, oneZero, and more.