07 Sep 2021 · 2 min read

“Our Vision is to Provide a New Home for Crypto Derivative Traders”, Says Eightcap CEO

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Eightcap, an award-winning CFD broker, has come out with not just an ambitious goal to dominate the crypto derivatives sector but with an unmatched offering to other Crypto exchanges within the industry. On August 6, 2021, the licensed broker announced that it has launched over 250 crypto derivatives and paired with a wide range of features this has positioned the broker as the largest offering within the industry.

Unveiling Eightcap’s Announcement

Besides the many crypto derivatives that have been rolled out, Eightcap also offers multiple  funding methods via PayPal, Skrill, debit/credit cards and many more. What’s worth noting, is this broker’s seamless withdrawal process. Clients can rest assured that their funds can be accessed when needed with swift withdrawals, without the need to open a wallet.

This is not only for the convenience of customers but also a response to the current industry climate. According to Joel Murphy, CEO, Eightcap, “The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary worries about their funds and if they can withdraw them. With us, Crypto derivative traders can have a seamless experience from the moment they open an account to when they want to withdraw their funds.”

Customers can now access all these features once they create an account with Eightcap. The broker is recognised for its 3-step application process where clients only need as little as 100 USD to open a trading account. The Binance saga referenced by Murphy refers to one of the largest crypto exchanges that had recently announced the closing of its crypto derivatives options in several countries including Germany, Italy, and Brazil.

The reason for all of this is due to issues with regulators. Existing Binance customers in those regions were given a limited amount of time to withdraw their funds before their accounts were permanently closed. This sort of issue has caused anxiety across the industry and Eightcap is stepping in as not just a solution but with an offering that is unequalled.

The Eightcap offering focuses solely on creating regulated leveraged derivative trading opportunities for Cryptocurrency traders that offer 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,” said Marcus Fetherston, Director of Operations at Eightcap.

In light of this, Eightcap is currently regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC) and the Vanuatu Financial Services Commission (VFSC). This combination of regulatory compliance, varied product offerings, and seamless transaction experience has made Eightcap one of the fastest-growing brokers in the industry.

As the dust settles on the regulatory issues that are plaguing the industry, this particular broker is gearing up for a new wave of users and is looking to offer even more moving forward. It is evident that Eightcap is well on its way to becoming the home of crypto derivatives.