Retail Clients Have a New Home as Eightcap Rolls Out 250+ Crypto Derivatives
Depending on where you live, legally recognized access to crypto offerings might either be limited or banned altogether. One single policy move can completely change how crypto traders are able to manage their crypto portfolios.
One recent example can be found in the crypto derivatives market. Binance, a giant within the crypto industry, announced it would be rolling back its crypto derivatives offering in several countries including Italy, Germany, Brazil and Hong Kong. This decision, according to Binance’s management, was in a bid to comply with regulator demands.
“To respect the Brazilian order, Binance implemented restrictions on our website and stopped marketing on the derivatives products,” said one statement from the company.
This development of events has led to many questioning what the future of the global crypto derivatives market will look like and if it will exist at all. Retail traders have been left feeling worried over their existing trading accounts with brokers who are currently facing regulatory issues. On the back of current events in the crypto space, Eightcap, an award-winning CFD broker, announced its new crypto derivative offering. The broker has launched over 250 crypto derivatives, positioning itself as the largest crypto derivative offering within the industry.
Details About the Announcement
The announcement was made on August 6, 2021, and the broker not only offers over 250 crypto derivatives via the popular MT4 and MT5 platforms but also has a range of attractive features for crypto derivative traders to take advantage of.
Trades can be funded using many different payment options including credit and debit cards, PayPal, Skrill, Neteller and many more. Withdrawals are also swift and hassle-free, which helps to fix the current queries and fears traders are having about losing access to their funds.
The unparalleled spreads offered by this broker are the icing on the cake. Crypto derivatives traders can rest assured that they are getting the best spreads compared to other offerings on the market. For example, with Eightcap you can trade Bitcoin with spreads from 12 p/coin. This is compared to eToro who only offers spreads from 372 p/coin on Bitcoin.
“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,” said Joel Murphy, CEO, Eightcap. “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.”
It’s not only Crypto derivatives that Eightcap offers, clients have access to Forex, Indices, Commodities and Share CFDs. In all of this, the position of regulators has not been forgotten as the broker is currently regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC) and the Securities Commission of The Bahamas (SCB). This provides crypto derivatives traders with the peace of mind that they are trading with an established and licensed broker.
For the crypto investors who might have feared a loss of access to their crypto derivative trading options, Eightcap has offered them not just the initial access but much more on top. While the global situation with regulators is still unraveling, it is clear that there is hope on the horizon for crypto derivatives traders.