Global online CFD broker Axi has launched fiat-settled
crypto perpetual contracts. The product allows traders to gain exposure to
crypto derivatives without converting funds into stablecoins.
The contracts are settled directly in fiat currencies.
According to the company, this removes the need for stablecoin conversions,
reduces counterparty risks, and provides greater clarity on balances and
performance.
Addressing Transparency Concerns
The launch comes as regulators and industry participants
continue to highlight risks around transparency and investor protection in
crypto markets. Stuart Cooke, Head of New Business at Axi, said the move
responds to concerns over opaque trading environments.
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“By introducing fiat-settled perps, we’re breaking away from
that model. Traders get the same exposure and flexibility of crypto derivatives
but within a more transparent, regulated, and secure framework,” he commented.
You may find it interesting at FinanceMagnates.com: Axi
Launches AxiPrime Institutional Liquidity Service.
Key features of the product include no stablecoin
conversions, competitive taker fees starting at 0.035%, and the ability to
trade crypto alongside forex, indices, and commodities in one account.
Axi Adds MT5 to Funded Trader Program, Expands
Institutional Setup
Meanwhile, Axi
has added the MT5 platform to its funded trader program, Axi Select, giving
participants the choice of MT4 or MT5. The program provides live trading
capital from $5,000 up to $1 million, without evaluation fees, demo accounts,
or time limits.
Traders can track performance via the Edge Score system and
access coaching and educational resources, supporting professional skill
development.
The prop trading industry has faced regulatory challenges,
with 70% of traders supporting increased oversight following MetaQuotes’ 2024
platform changes.
Separately, Axi
has upgraded its institutional trading setup through Your Bourse,
integrating its Matching Engine, Liquidity Aggregation, and Risk Management
systems, while renewing
its partnership with Brazilian football club Esporte Clube Bahia for two
more seasons.
This article was written by Tareq Sikder at www.financemagnates.com.
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