Juno Markets Enables Crypto Deposits with BTC, ETH, Stablecoins

Juno Markets, a retail brokerage platform, has introduced digital currency deposits, enabling its clients to fund their accounts in a new way.

In a press release shared with Finance Magnates, the brokerage detailed that the crypto deposit services will be enabled for four digital currencies - Bitcoin (BTC), Ethereum (ETH), Tether (USDt), and USD Coin (USDC).

These tokens can be directly deposited from the user wallets to their MT4 or Juno Auto Trader accounts.

Clients of the brokerage can also receive 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 directly into their wallets while making a withdrawal.

Commenting on the development, Arthur Le, chief executive at Juno Markets, said: “Giving traders a variety of options to fund their accounts is another step towards fulfilling a Company value of ‘Make it easier for clients to do business with us.’ We have had more demand from Crypto holders to be able to put their digital assets to use. With crypto funding, clients will save on fees and transaction times while being able to trade traditional markets.”

Crypto deposits can attract a new client base to the brokerage

Along with the latest addition of crypto deposits, the platform also offers deposits with an array of other methods, including deposits with Visa and Mastercards, wire transfers, along with China UnionPay and WeChat and AliPay.

Regulated by the Vanuatu Financial Services Commission (VFSC), Juno Markets offers trading services for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, contract-for-differences (CFDs), and also metals. The primary business of the brokerage is concentrated within the Asia-Pacific region.

Earlier this year, FXGate, a Malaysia-based brokerage, also introduced crypto deposits, but the option is only limited to Tether.