Match-Prime
has launched an expanded cryptocurrency liquidity offering aimed at CFD
brokers. The new service offer higher leverage limits and increased net open
position (NOP) thresholds for major digital assets.
Match-Prime Unveils
Enhanced Crypto CFD Liquidity Offering for Forex Brokers
The
enhanced offering includes leverage of up to 1:50 for Bitcoin (BTC) and
Ethereum (ETH) with a 50 million NOP and 1:20 with a 300 million NOP. For the top
10 market cap coins, Match-Prime is offering leverage up to 1:10 with a 10
million NOP, while smaller cap coins can be traded at up to 1:5 leverage with a
3 million NOP.
“Our
advanced intelligence systems enable us to manage risk effectively, allowing us
to offer such attractive conditions,” Stavros Economides, Chief Operations
Officer at Match-Prime, commented. “This ensures that our clients not only
benefit from higher leverage but can also operate with confidence, knowing that
we have robust measures in place to handle large volumes and market
fluctuations.”
Match-Prime,
which is regulated by the Cyprus Securities and Exchange Commission (CySEC),
provides liquidity for over 50 cryptocurrency pairs. The company said its new
offering is designed to cater to both small and large brokers, allowing them to
manage substantial trading volumes.
The move
comes as demand for cryptocurrency trading continues to grow in the forex
market. Match-Prime aims to differentiate itself in the competitive liquidity
provider landscape by offering higher leverage and NOP limits.
Finance
Magnates discussed
this topic recently with Andreas Kapsos, the CEO of Match-Prime, during the iFX EXPO International 2024. “The CFDs on cryptos are very
popular right now. For liquidity providers , it’s something that they need to
have in their portfolio. As they enter new markets, there are increasing
demands for these products,” commented Kapsos.
While
brokers typically do not disclose specific figures related to crypto CFDs, Axi
reported a trading volume of $16.7 billion in crypto CFDs last March. The
volumes were $7.6 billion in January and $10.4 billion in February.
At the
beginning of this year, Match-Prime, together with Match-Trade Technologies,
the developer of the Match-Trader platform, announced the launch of a joint
office in Dubai as part of their international expansion in the MENA region.
New Developments at
Match-Trade
Recently,
Match-Trade has also been focusing on development in the prop trading industry.
Since February, when licensing issues caused one of their main competitors,
MetaQuotes, to become less popular among prop firms, Match-Trade has
capitalized on this opportunity and is making strides in offering services to a
growing number of trader-funded firms (TFFs).
Earlier
this month, Match-Trade Technologies unveiled a significant upgrade to its
Match-Trader platform, specifically designed to support the growth of prop
firms. The enhancement includes the integration of TradingView charts and
special pricing for challenge accounts, offering proprietary trading companies
conditions to expand their operations.
Looking
ahead, Match-Trade Technologies plans to release an update to their proprietary
Prop CRM, which will be integrated with the Match-Trader platform to facilitate
tournament management and user rankings.
However,
Match-Trade is not only onboarding a number of new firms but also suspending
licenses for some. This was the case with SurgeTrader in May, whose partnership
termination allegedly occurred due to the company’s “failure to meet the
formal requirements outlined in our agreement.”
Match-Prime
has launched an expanded cryptocurrency liquidity offering aimed at CFD
brokers. The new service offer higher leverage limits and increased net open
position (NOP) thresholds for major digital assets.
Match-Prime Unveils
Enhanced Crypto CFD Liquidity Offering for Forex Brokers
The
enhanced offering includes leverage of up to 1:50 for Bitcoin (BTC) and
Ethereum (ETH) with a 50 million NOP and 1:20 with a 300 million NOP. For the top
10 market cap coins, Match-Prime is offering leverage up to 1:10 with a 10
million NOP, while smaller cap coins can be traded at up to 1:5 leverage with a
3 million NOP.
“Our
advanced intelligence systems enable us to manage risk effectively, allowing us
to offer such attractive conditions,” Stavros Economides, Chief Operations
Officer at Match-Prime, commented. “This ensures that our clients not only
benefit from higher leverage but can also operate with confidence, knowing that
we have robust measures in place to handle large volumes and market
fluctuations.”
Match-Prime,
which is regulated by the Cyprus Securities and Exchange Commission (CySEC),
provides liquidity for over 50 cryptocurrency pairs. The company said its new
offering is designed to cater to both small and large brokers, allowing them to
manage substantial trading volumes.
The move
comes as demand for cryptocurrency trading continues to grow in the forex
market. Match-Prime aims to differentiate itself in the competitive liquidity
provider landscape by offering higher leverage and NOP limits.
Finance
Magnates discussed
this topic recently with Andreas Kapsos, the CEO of Match-Prime, during the iFX EXPO International 2024. “The CFDs on cryptos are very
popular right now. For liquidity providers , it’s something that they need to
have in their portfolio. As they enter new markets, there are increasing
demands for these products,” commented Kapsos.
While
brokers typically do not disclose specific figures related to crypto CFDs, Axi
reported a trading volume of $16.7 billion in crypto CFDs last March. The
volumes were $7.6 billion in January and $10.4 billion in February.
At the
beginning of this year, Match-Prime, together with Match-Trade Technologies,
the developer of the Match-Trader platform, announced the launch of a joint
office in Dubai as part of their international expansion in the MENA region.
New Developments at
Match-Trade
Recently,
Match-Trade has also been focusing on development in the prop trading industry.
Since February, when licensing issues caused one of their main competitors,
MetaQuotes, to become less popular among prop firms, Match-Trade has
capitalized on this opportunity and is making strides in offering services to a
growing number of trader-funded firms (TFFs).
Earlier
this month, Match-Trade Technologies unveiled a significant upgrade to its
Match-Trader platform, specifically designed to support the growth of prop
firms. The enhancement includes the integration of TradingView charts and
special pricing for challenge accounts, offering proprietary trading companies
conditions to expand their operations.
Looking
ahead, Match-Trade Technologies plans to release an update to their proprietary
Prop CRM, which will be integrated with the Match-Trader platform to facilitate
tournament management and user rankings.
However,
Match-Trade is not only onboarding a number of new firms but also suspending
licenses for some. This was the case with SurgeTrader in May, whose partnership
termination allegedly occurred due to the company’s “failure to meet the
formal requirements outlined in our agreement.”
This post is originally published on FINANCEMAGNATES.
