B2Broker, a leading technology and liquidity provider, introduced a new update to its comprehensive crypto spot brokerage solution, B2Trader Brokerage Platform. The new v1.1 update introduces BBP Prime, offers an extended report feature and provides flexible layout customisation.
The new B2Trader comes with a native BBP iOS mobile app as a part of the company’s turnkey solutions. The application provides seamless integration with B2Core’s advanced CRM software and has a unique trading interface specially made for iPhone users.
What Does the New BBP v1.1 Have to Offer?
BBP v1.1 introduces multiple innovative features that benefit brokerage firms and improve the end-user’s trading experience.
BBP Prime - A Prime Brokerage Platform
With this release, B2Trader is introducing a new feature that enables it to serve as a prime brokerage platform for other B2Trader brokerage platforms. Linked platforms can maintain and top up their balances on the BBP Prime, which will, in turn, manage and oversee balances on associated accounts on LPs.
In this case, BBP Prime is responsible for monitoring balances on brokers’ accounts, processing incoming orders, forwarding them to LPs/B2Connect, and managing trades, where data exchange is facilitated through the bespoke FIX gateway.
Custom Template Constructor
The new BBP update allows admins to customise their workspace at high flexibility and convenience. Brokers can personalise templates for workspace layouts, such as the default preset that will appear when a trader access the trading terminal for the first time. BBP admins can import pre-saved designs, export their template settings and save up to 10 custom layouts.
Administrators can find this unique feature in the Settings section on the left-hand side of the menu.
Comprehensive Report Generation
The revamped reports system in the B2Trader’s update assists brokers in having a comprehensive view of their platform’s performance. Specifically, a new report type has been added to enable admins to get a list of active accounts during a given period. These reports are valuable tools for administrators to assess the growth of their exchange or brokerage.
The new BBP v1.1 stores all reports in a new “Report “button to simplify report generation and accessibility.
Robust Account Management
The new B2Trader version displays account selection directly from the trading terminal in the top bar. When a trader switches profiles, all widgets automatically adjust to display relevant information for that profile. This feature is significantly crucial for brokers who manage multiple accounts, offering them a simplified way to track their performance.
Newly Introduced Tabs in an Advanced Workspace Management
The new update introduces tabs with custom workspaces, enabling traders to manage up to 10 tabs and work on multiple trading environment simultaneously. Users can creat their own custom setups or use pre-created layouts provides by their brokers. This approach allows end-users to organise their trading flow and streamline it for more efficiency.
BBP iOS App - Expanding the Turnkey Solution Offerings
Mobile trading is a growing trend, and according to the Stock Trading and Investing Applications Market report, 58% of revenue share in global trading markets in 2022 came from mobile trading platforms. This trend is expected to prevail as the industry is projected to grow from almost $40 billion in 2023 to $150 billion in 2032, according to the same report.
Mobile applications are clearly becoming an inevitable part of the trading industry, with over 6.8 billion smartphone users around the world. Therefore, today’s brokers are switching to creating a mobile version of their platform to remain competitive in the industry.
B2Broker aligns with these trends by expanding its BBP turnkey solutions and introducing the BBP iOS app v1.0, offering a superior mobile experience using all desktop trading functionalities. Having an integrated. Having a seamless ecosystem of a robust web trading platform and a native mobile trading app equips brokers with a complete trading package to offer their clients.
Let’s go through some highlights of the BBP iOS app:
Facilitated Integration with B2Core
The new BBP iOS app is integrated with the B2Core CRM mobile application, offering a single sign-on functionality. When users are logged into the B2Core mobile app, they can directly access the BBP iOS app without re-entering their credentials.
Comprehensive Account Management and Functionality
The updated B2Trader platform offers a multi-account functionality, where BBP iOS app trader can switch between accounts and trade easily. Users can check the “Account Details” in the app to have a simplified overview of available and on-hold amounts for each accounts, and get instant access to balance information.
Simplified Market and Order Monitoring
The BBP app offers a comprehensive “Market” screen with an intuitive trading interface. Users can access this tab from the “Markets” button on the “Accounts” details screen. This tab shows customisable real-time price charts, various chart types, and historical price data. The screen also displays three tabs (Order Book, Open Orders, and Balances), which give quick access to trading and account information.
The app offers similar options for order types to the web platform: IOC and FOK for market orders and IOC, FOK, GTC, GTD, and Day for limit orders. Users can find the comprehensive “Orders” section with all needed information about order prices, types, quantities, and processing times, as well as advanced filters that assist traders in finding specific orders efficiently to optimise order management.
Personalised Experience
The BBP iOS application is an integral part of a turnkey solution. It offers brokers a simplified way to personalise their platforms’ themes and looks to align with their unique branding and ensure a consistent UX across the web and mobile platforms. Moreover, the app has light and dark themes, allowing traders to choose their preferred mode.
Final Takeaways
The new B2Trader Brokerage Platform update and iOS mobile app release are significant milestones solidifying B2Broker’s market leadership. B2Trader is a powerful trading platform that allows crypto spot brokers to access the market or expand their service offerings. Brokers can use BBP as a turnkey solution or integrate it with any CRM using REST API.
With various visual and performance enhancements, the new B2Trader sets the scene for the best brokerage platform and how to better respond to brokers’ changing needs.
