Broctagon Fintech Group unveiled its new suite of cryptocurrency products paired with major fiat currencies at the Finance Magnates London Summit 2017 last week. The newly introduced offering entails a number of solutions aimed at addressing issues of Liquidity typically associated with digital currency trading.
Broctagon brought its brand-new cryptocurrency pairings to the summit. Photo: Broctagon Fintech Group
Held on the November 15 at Old Billingsgate, the event saw thousands of attendees at the biggest London Summit yet. The massive event, which just concluded its sixth year, brought together a spectrum of technology leaders, top-tier banks, asset managers, hedge funds, tech start-ups, and the biggest retail brokers and IBs to share industry insight and unmatched business opportunities.
As the leading fintech solutions provider, Broctagon brought its brand-new assets to a host of investors at the industry FX event eager to diversify their crypto-trading portfolio. This saw the showcasing of their diverse offering, entailing pairings of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), with major currencies US Dollar (USD), Japanese Yen (JPY), and Euro (EUR).
Addressing the liquidity challenge
Crypto-traders have no doubt felt the limitations and volatility of digital currencies in 2017, which do not yet have the liquidity of traditional currencies. However, by pairing digital coins with the USD, it gives access to the most traded currency in the word and considerable market depth to crypto exchanges.
Broctagon's unique addition of JPY and EUR pairings is also an important move, hinging on the large EU market and Japan's dominance in the crypto wave. Allowing traders to participate in these cross-currency transactions seamlessly opens up new ways for more participants in the cryptocurrency ecosystem.
Broctagon's recent launch also capitalizes on the boom of crypto-trading worldwide. According to RnRMarketResearch, the cryptocurrency market is expected to maintain 32.31 percent compound annual growth, rising from $541 million in 2017 to an expected $2.9 billion in 2013.
Strategically positioned to capture recent industry growth
The brand has proved adept in riding this wave of growth. In light of a recent cryptocurrency directive issued by the Cyprus Securities and Exchange Commission (CySEC), Broctagon Prime, an EU Liquidity Provider licensed by CySEC and subsidiary of Broctagon, now offers margin trading with 1:5 leverage for CFDs relating to virtual currencies, a step up from the usual 1:1 across the board.
Representatives sharing about Broctagon’s margin trading for Cryptocurrencies. Photo: Broctagon Fintech Group
Furthermore, Broctagon’s subsidiaries, including Broctagon Capital Solutions, which is regulated by the Financial Conduct Authority (FCA), partner with leading financial institutions around the world to deliver unrivalled liquidity solutions to their clients.
Priding itself as a conglomerate with core competencies in 360° FinTech solutions, Broctagon offers a specialized suite of forex trading platforms, liquidity, licensing and brokerage setup solutions. By stepping into the crypto sphere, it opens a new realm of opportunities for brokers and traders alike.
