Crypto Fund
Trader has joined the ranks of prop trading firms offering futures contracts to
their clients. The crypto-focused investing service provider revealed that it
will launch its “Crypto Futures Platform” on August 1.
Prop Firm Crypto Fund
Trader Launches Additional Platform for Crypto Futures
Crypto Fund
Trader announced on social media that its new crypto futures platform will
debut this week. The offering will include 120 leveraged pairs for digital
assets. Moreover, the prop firm promises that the new service will be available
to all “with no country restrictions.”
The lack of
restrictions is particularly significant, as five months ago, the firm
suspended its services for US clients on MetaTrader 5 due to the regulatory
crackdown by MetaQuotes.
Crypto Futures Platform This Week
Launch on Thursday, August 1st at 16:00 UTC with no country restrictions and +120 Crypto Pairs available!
Ready to revolutionize the crypto space?pic.twitter.com/snlwvI12tf
— Crypto Fund Trader (@CFTradercom) July 30, 2024
This is
another TFF this month that has decided to take such a step. Last week, Finance
Magnates reported that The Funded Trader is also launching a new firm. The
Futures Trader will focus, as the name suggests, on serving the futures market.
While
Crypto Fund Trader’s decision was enthusiastically received by the industry and
clients, The Funded Trader’s case was not without outrage from the community.
Many comments suggested that the prop firm has been behind on paying out its
due funds for months. They see the creation of a new entity as an attempt to
execute a “rug pull.”
Significant Movement in
the Prop Trading Industry
Retail prop
trading is an industry full of controversies on the one hand while attracting a
huge number of traders (and their money) on the other. Finance Magnates
regularly reports on movements taking place in prop firms, and lately, there’s
been a lot happening.
For
example, this week, Bullo, which offered prop trading services, decided to
suspend this part of its business due to regulatory concerns and rebrand as a
brokerage firm. The launch of the new platform is scheduled for August 5.
MyFlashFunding,
which has been struggling with fund payout issues, fortunately for clients,
decided not to file for bankruptcy but instead to be acquired by the
better-positioned Sway Funded. The condition for the takeover is the immediate
repayment of all arrears to current clients.
At the end
of July, another CFD broker, namely Blueberry Markets, joined the industry.
Prop trading has become popular among firms in the contracts for difference
sector, and currently, big brands like OANDA, Hantec, and Axi offer their own
challenges for prop traders.
There’s
also a lot happening at MyFundedFX, which introduced a “consistency
rule” in early July to limit traders’ illegal trading practices. Two weeks
later, however, it retracted this decision due to very negative feedback from
its clients.
Crypto Fund
Trader has joined the ranks of prop trading firms offering futures contracts to
their clients. The crypto-focused investing service provider revealed that it
will launch its “Crypto Futures Platform” on August 1.
Prop Firm Crypto Fund
Trader Launches Additional Platform for Crypto Futures
Crypto Fund
Trader announced on social media that its new crypto futures platform will
debut this week. The offering will include 120 leveraged pairs for digital
assets. Moreover, the prop firm promises that the new service will be available
to all “with no country restrictions.”
The lack of
restrictions is particularly significant, as five months ago, the firm
suspended its services for US clients on MetaTrader 5 due to the regulatory
crackdown by MetaQuotes.
Crypto Futures Platform This Week
Launch on Thursday, August 1st at 16:00 UTC with no country restrictions and +120 Crypto Pairs available!
Ready to revolutionize the crypto space?— Crypto Fund Trader (@CFTradercom) July 30, 2024
This is
another TFF this month that has decided to take such a step. Last week, Finance
Magnates reported that The Funded Trader is also launching a new firm. The
Futures Trader will focus, as the name suggests, on serving the futures market.
While
Crypto Fund Trader’s decision was enthusiastically received by the industry and
clients, The Funded Trader’s case was not without outrage from the community.
Many comments suggested that the prop firm has been behind on paying out its
due funds for months. They see the creation of a new entity as an attempt to
execute a “rug pull.”
Significant Movement in
the Prop Trading Industry
Retail prop
trading is an industry full of controversies on the one hand while attracting a
huge number of traders (and their money) on the other. Finance Magnates
regularly reports on movements taking place in prop firms, and lately, there’s
been a lot happening.
For
example, this week, Bullo, which offered prop trading services, decided to
suspend this part of its business due to regulatory concerns and rebrand as a
brokerage firm. The launch of the new platform is scheduled for August 5.
MyFlashFunding,
which has been struggling with fund payout issues, fortunately for clients,
decided not to file for bankruptcy but instead to be acquired by the
better-positioned Sway Funded. The condition for the takeover is the immediate
repayment of all arrears to current clients.
At the end
of July, another CFD broker, namely Blueberry Markets, joined the industry.
Prop trading has become popular among firms in the contracts for difference
sector, and currently, big brands like OANDA, Hantec, and Axi offer their own
challenges for prop traders.
There’s
also a lot happening at MyFundedFX, which introduced a “consistency
rule” in early July to limit traders’ illegal trading practices. Two weeks
later, however, it retracted this decision due to very negative feedback from
its clients.
This post is originally published on FINANCEMAGNATES.
