This article explains how, by offering crypto CFDs, Moneta Markets is able to provide a safe and regulated environment for clients to capitalise on the price movements of cryptocurrencies.
Cryptocurrencies have risen in popularity at an exponential rate over the past few years, and while it’s somewhat romanticized by many because of their disconnection between banks and institutions, traders and investors are increasingly wanting the security of having regulatory protection when trading cryptos.
As a regulated CFD broker, Moneta Markets is able to offer traders and investors access to crypto markets via its crypto CFD products. We’ve seen a number of crypto exchanges hacked over the past several years with hundreds of millions of dollars worth of tokens stolen that are unable to ever be recovered, and by offering crypto CFDs, it is able to provide a safe and regulated environment for clients to capitalise on the price movements of cryptocurrencies.
Also, depending on the region, an increasing number of financial institutions block or refuse transactions from crypto exchanges. So for an investor or trader wanting to gain exposure to the crypto markets it’s increasingly difficult to withdraw funds from an exchange. By offering crypto CFDs, Moneta Markets can offer clients who wish to have exposure to crypto markets a safe and secure environment to do so with no barriers for withdrawing their funds if and when they choose to.
Another advantage of trading crypto CFDs with Moneta Markets is that there’s the potential to profit regardless of the direction, so traders of all styles can take advantage of rising prices by trading long, as well as capitalising on falling prices by short selling. And because Moneta Markets’ crypto CFDs are leveraged, traders are able to capitalise not only from smaller market movements, but from increased market exposure with lower trading capital.
Why Does Moneta Markets Allow Clients to Fund Accounts With Crypto?
A key component of Moneta Markets’ brand proposition is that it is a client-centric FinTech company. As such, it’s imperative that it is able to live up to that claim by meeting and exceeding the expectations of its clients when it comes to keeping up with new technologies, and even more so when it comes to game-changing technology such as cryptocurrencies.
Cryptocurrencies are here to stay. They’re the future of financial transactions; so, it makes perfect sense to be able to offer clients the option to fund their account using cryptocurrencies, and perhaps rather surprisingly Moneta Markets is one of the few CFD brokers that offers cryptocurrency as an option for deposits and withdrawals.
The demand to implement crypto account funding came not only from the appeal as their own tradable product, but it is because many clients quite like the fact that they don’t need to disclose their bank account or credit card details when funding their trading account. Also, it’s just so accessible — there are no international borders when it comes to cryptocurrencies and costs are typically extremely low (if not zero).
At the end of the day, it all comes down to giving clients what they want, as well as making it as easy as possible for them to access the products that they want to trade.
In What Way Is Moneta Markets a Client-Centric Firm?
Moneta Markets was created specifically to cater to traders who want to access a wide range of products through its next-generation WebTrader platform. Traders are tired of the clunky old MT4/MT5 model, which has failed to evolve with the industry. By leveraging the best in web-based technology, it’s able to offer traders access to global markets across any operating system and mobile device, wherever there’s an internet connection.
Moneta Markets has worked tirelessly to create a product that is the direct result of client feedback received over the past 10+ years. As touched on above, offering crypto CFDs to trade, as well as cryptocurrency funding, was all part of this feedback, and as it continues to receive feedback — whether related to introducing new crypto CFDs and funding methods via new tokens/coins, feedback surrounding its trading platform, or any other component of its business — it’ll continue to build upon what it offers, to create the perfect trading environment for traders of all instruments.
What Does the Future Hold for Moneta Markets, and the Industry at Large?
We’re in the middle of a major transitional period in global markets, and it’s quite exciting. Many followers of cryptocurrency subscribe to the idea that it will eventually replace fiat currency, and while this idea also has its fair share of critics, it’s here to stay in some capacity and it seems that it would be foolish to think otherwise. While we won’t see the death of fiat currencies any time soon, especially when it comes to Forex and foreign exchange in general, it is important that Moneta Markets continues to make cryptocurrencies available for clients and accepts cryptocurrency as a method for account deposits and withdrawals.
As a broker, Moneta Markets is excited about how things are continually evolving within not only the crypto space but the FinTech sector, and as a company that thrives off innovation, it looks forward to adapting with it. The CFD industry is fast-paced, and as a tech-driven company, Moneta Markets is thrilled to be a part of something as revolutionary as the ‘crypto era’ and it looks forward to seeing the true potential of not only cryptocurrencies but blockchain technology as a whole.