ACY Introduces Account Funding with Cryptocurrencies

ACY Securities, one of the world’s leading tech-focused multi-asset CFD brokers has announced today that clients will now have the option to fund their trading accounts with digital currencies.

The Sydney based multi-licensed broker released a statement this morning saying that account funding with 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, namely Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum and Tether was now a deposit option traders could avail.

Funding via Tether was also activated across the Omni, ERC20 and TRC20 chain types, one of the first brokers to do so.

Head of Global Brokerage, Alla Darwish, said that ACY Securities invests heavily in technology and innovation, which is why the broker is leading the way in an evolving industry.

“It gives me great pleasure to announce today we have put in place the backend infrastructure within our payment systems ecosystem, allowing our clients around the world (excluding Australia) to fund their accounts with Bitcoin, Ethereum or Tether should they wish to do so. The industry is evolving and we’re leading the way,” said Mr Darwish.

He went on further to explain:

“At ACY we are very big on technology and innovation. We invest substantially in our infrastructure as well as R&D to make sure we can continue to deliver an edge to our clients well into 2050. In fact, we have over 90 highly qualified, super passionate, and ridiculously talented staff at our Sydney headquarters alone, and half of them are in tech, development and innovation-based positions. It’s why ACY is sometimes referred to as half Wall Street and half Silicon Valley. We really are leading the charge on the tech front, and our operational structure reflects that”.

In 2019, ACY Securities launched ACY.Cloud, an industry-leading client management portal, built internally. In the same year, Senator Andrew Bragg, the Liberal Senator for NSW in the Australian parliament, who chairs a Senate Select Inquiry into FinTech, declared at an ACY gala event that “We believe Australian technology companies like ACY know how to win.”

Watch Senator Bragg’s full speech here

Last week the company announced it had drastically reduced spreads and commissions to deliver even lower costs of trading and doubled the number of instruments from 800 to 1600 to offer greater choice to its clients.

Explore ACY’s full range of markets, including the new digital currencies.