For two years now, the Administrative Council for Economic Defense (CADE) has been pursuing a case involving seven Brazilian banks that denied cryptocurrency brokers access to critical financial services.
With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.
The CEO of Binance, Changpeng Zhao, (CZ) revealed that every user of their cryptocurrency exchange can now access margin trading services. Margin trading is the exercise of using borrowed assets (money) from a broker to sell or buy a financial asset, that makes the collateral for a loan from the broker. Binance is a worldwide digital currency exchange which offers a platform for buying or selling over 100 digital assets. Since January last year, Binance is regarded the largest cryptoasset exchange globally concerning trading volume.
The fast-growing broker with over 200,000 active traders worldwide aims at being the go-to app for the new generation of mobile-first traders. SimpleFX has just added three groundbreaking features to its award-winning WebTrader and promotes the improvements with a “March Madness” offer. For the whole month, traders can earn $500 with a 20% spread cashback.
Traders and investors have tried to remain optimistic about the long-term prospects of cryptocurrency, regardless of the precipitous plunge in values for more than 13 months. The FINRA-registered broker SharesPost underlines that the public has become more hopeful about blockchain and cryptocurrencies, like Bitcoin.
The Italian financial regulator strongly warned against two unlicensed cryptocurrency firms, which are involved in schemes to motivate crypto investors to mine or invest in digital currencies. The financial regulator began collecting information about these two platforms after getting several complaints related to them. A One Richmond Investing, an FX broker, also didn't survive being blacklisted by La Commissione Nazionale per le società e la Borsa (CONSOB). CONSOB's key activity is safeguarding the investing public.
MetaTrader 4 has been transformed into a professional crypto-exchange, thanks to the MTEX trading system developed by NordFX professionals. This is alongside its previous functionality for trading traditional currencies and metals on the Forex market.
FXPRIMUS, a leading company breaking new terrains in seamless trading experience, has announced the integration of a cryptocurrency-based services through trade.io. The integration now allows users to utilise trade.io’s TIO utility token to access Oil, FX, Gold, and Indices.
EO the four-platform-ecosystem by leading broker ExpertOption has announced the integration of 30 cryptos to be used for payments and within the platforms once they are launched. The whitepaper had promised 20 cryptos at the launch of its financial wallet EO.Finance, but has already delivered more than 30 crypto integrations within the first month of public presale.