- Eightcap enters the crypto derivatives sector with a unique offering
- Eightcap announced the launch of an impressive 250+ crypto derivatives
- The offering allows crypto derivative traders to take advantage of crypto volatility
There is always a sense of anxiety among crypto lovers when it comes to any regulatory announcements. Historically, the cryptocurrency industry has always had a rather complicated and sometimes combative relationship with regulators.
Crypto users in India, China, and Nigeria are also familiar with how their access to the industry can and has been affected by regulators’ decisions. Now, the latest of these anxieties relates specifically to the crypto derivatives market and whether crypto derivative traders will be able to access the market or whether they will be subject to strict regulatory measures beforehand.
Recently, Binance was forced to shut its crypto derivatives offerings in several European countries, such as Hong Kong and Brazil. The reason for this was to keep in line with regulatory requirements. In the case of Brazil, the exchange had been ordered to cease operations by the Comissão de Valores Mobiliários due to not having the proper authorization.
In an official statement, Binance management noted,
To respect the Brazilian order, Binance implemented restrictions on our website and stopped marketing on the derivatives products.
Some worry that the future of the derivatives sector hangs in the balance, and they question if this spells the end of the industry. The simple answer to that is no. While Binance and several firms are currently facing particular challenges concerning their derivatives offerings, other brokers such as Eightcap are filling the gap.
Eightcap is Here to Provide a Solution
Amidst the current situation, Eightcap has stepped in with a unique offering. The award-winning derivatives broker recently announced the launch of an impressive 250+ crypto derivatives for both clients facing issues elsewhere or new crypto traders looking for a home for their trades.
The comprehensive offering allows crypto derivative traders to take advantage of crypto volatility and speculate on price movements across a broad range of cryptocurrency derivatives such as Bitcoin, Ethereum, Cardano, Tron, Polkadot, and many more.
Eightcap is also providing access to crypto-crosses and five crypto indices, making its offering stand out against other brokers, such as trading giant eToro, which currently does not include crypto indices in its offering.
There is no wallet needed to trade crypto derivatives with Eightcap, and it takes as little as $100 to open a trading account. Trading accounts can be funded through multiple payment options, including PayPal, Skrill, Neteller debit/credit cards, and many more.
Withdrawals are swift, which helps to ease the fears of derivative traders’ funds being trapped. On top of all of this, the broker provides ultra-low spreads. For example, traders can take advantage of price movements in Bitcoin with spreads starting from 12 p/coin; this again is compared to eToro’s spreads on the same coin starting from 372 p/coin.
Marcus Fetherston, Director of Operations at Eightcap said,
The Eightcap offering focuses solely on creating regulated leveraged derivative trading opportunities for Cryptocurrency traders, which offers more security than traditional offshore exchange platforms. We are thrilled to provide a solution that meets the needs of crypto derivative traders so that they can gain the best possible trading experience.
All of these efforts aim to make Eightcap the home of crypto derivatives CFD trading in the industry and make sure that clients are not left without another comparatively better option.