The success and adoption of Bitcoin throughout the world has led to an explosion in the issuance and trading of alternative cryptocurrencies. Initial-Coin-Offerings (ICOs) are becoming increasingly popular as investors and entrepreneurs rush to take advantage of the opportunities present in this new market. As more and more traders enter the market, the amount of liquidity available for crypto-currencies has increased. It is now possible to offer crypto-currency trading over the MT4 trading platform, the world’s most popular retail forex trading platform. If you are a forex broker, you probably have considered whether offering these types of crypto-currencies is a good idea for your business. Here are five reasons why your brokerage should begin offering crypto-currencies today!
- Crypto-currencies such as Bitcoin and Ethereum are still experiencing huge increases in trading volumes, which means more revenue for your brokerage as you offer a higher volatility trading product.
- Bitcoin and Ethereum trading allow you to expand your potential client pool beyond traditional retail forex traders, allowing you to expand your client base and increase revenues.
- Bitcoin and Ethereum trading is still a relatively new market for MT4 brokerages, offering these cryptocurrency pairs to your clients will allow your brokerage business to stand out in an incredibly competitive industry.
- Crypt-currencies have higher spreads and less pricing competition then other forex products where margins have been squeezed.
- Offering crypto-currencies will give you greater exposure to the crypto-currency market and will leave you will positioned to profit from newer trends in the crypto-currency market.
Global Group Technology has a variety of solutions for offering Bitcoin, Ethereum, and other crypto-currencies over your brokerages MT4 platform. If you are interested in learning more about our offering and how we can work together, please contact us today at email@example.com.