Source : financemagnates, Wed, 2024/7/31
Crypto Fund Trader has joined the ranks of cryptocurrency trading companies that offer futures contracts to their clients. The investment services provider specializing in cryptocurrency trading revealed that it will launch its “cryptocurrency futures platform” on the first of August..
Crypto Fund Trader has launched an additional platform for cryptocurrency futures
Crypto Fund Trader announced on social media that its new cryptocurrency futures platform will start this week. The offer will include 120 digital asset pairs. Moreover, the cryptocurrency trading company promised that the new service would be available to everyone “without restrictions on countries.””.
The lack of restrictions is crucial, as the company discontinued its services to US clients on MetaTrader 5 five months ago due to strict regulatory measures taken by MetaQuotes.
This is another company that specializes in cryptocurrency trading this month that decided to take such a step. Last week, Finance Magnates reported that The Funded Trader is also launching a new company. The Futures Trader, as its name suggests, will focus on serving the futures market..
While the industry and customers greeted Crypto Fund Trader’s decision with enthusiasm, The Funded Trader’s case was not without community outrage. Many comments suggested that the advertising company was in arrears on its outstanding money for several months. They see the creation of a new entity as an attempt to carry out a “scam”.
A large movement in the advertising trading industry
Retail advertising trading is a contentious industry on the one hand while attracting a large number of traders (and their money) on the other. Finance Magnates provides regular reports on movements taking place in advertising companies, and recently, a lot has happened..
For example, Bullo, a company that provides advertising trading services, decided this week to suspend this part of its business due to regulatory concerns and rebranded it as a brokerage firm. The new platform is scheduled to launch on the fifth of August.
MyFlashFunding, which was having money exchange issues, fortunately for customers, decided not to file for bankruptcy but to be taken over by the better-positioned Sway Funded. The condition for the acquisition is the immediate payment of all arrears to existing customers..
At the end of July, another CFD trading company, Blueberry Markets, joined the industry. Stock trading has become popular among companies in the CFD sector, and nowadays, big brands such as OANDA,Hantec andAxi offer their own challenges to stock traders..
A lot is also happening at MyFundedFX, which introduced a “consistency rule” in early July to curb traders’ illegal trading practices. However, two weeks later, she reversed this decision due to extremely negative feedback from her clients..
