Coming Soon! Specialized Bitcoin Liquidity for MT4 Brokers from Ibinex

Still in its infancy, bitcoin trading on MetaTrader 4 is a growing product, popping up on trading platforms at various brokers. The cryptocurrency got a boost last year as multiple technology providers, including Leverate and Gold-I began to offer pricing of bitcoins to their broker customers. This was followed by the launch of FXOpen’s bitcoin liquidity offering in January of this year, which provided brokers the ability to offer non-CFD-based bitcoin trading to their clients.

Following on the expansion of these products, coming soon will be what is being touted as a bitcoin first Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term offering for brokers, Ibinex (Intelligent Bitcoin Exchange). Created by development firm Gallant Partners LLC, Ibinex will be providing bitcoin liquidity to forex firms, with an emphasis on MetaTrader brokers.

Expected to launch on January 1st, 2015, Ibinex plans on offering 24/7 trading in bitcoins and other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as litecoin. According to Ibinex in their public statement about the coming launch of their exchange, they believe that as a 24/7 traded instrument, it provides added value to brokers who will now be able to offer weekend trading to their customers. For firms, a result of weekend trading is increased engagement with customers, as well as providing a tradable asset during a period when most clients aren’t expected to be working.

Similar to liquidity bridge solutions that allow for MetaTrader 4 brokers to automatically hedge their forex order flow with the interbank markets, Ibinex will be offering a bridge solution to their exchange. Overall, in their prepared public remarks, Ibinex believes that by providing a direct connect to the MetaTrader 4 server API, the end result for broker customers is bitcoin trading on a platform they are familiar with. In addition, MetaTrader 4 integration will allow traders to use their existing Expert Advisor (EA) automated trading strategies.

Although launching in 2015, Ibinex has begun to open up its pre-signup phase and to demonstrate its offering to prospective broker clients.

(This post first appeared on our parent site Forex Magnates)