More and more people are now getting involved in the crypto-industry where the opportunities for profitability can exceed traditional financial instruments hundreds of times over. It is a constantly growing market that looks set to continue its upward trend.
B2Broker, a forex and cryptocurrency liquidity and technology provider that offers "turnkey" solutions and a customisable products package for brokerages is one of the leading players in the crypto industry to have taken advantage of this trend.
Growth
It is evident that the crypto-brokerage services market does not fare so well when compared with the cryptocurrency exchange market.
Traditional stock brokers and Forex brokers lose market positions and clients daily, which according to our research, is a situation that will continue for at least the next two or three years. The potential for growth is therefore huge and the process of development of the crypto industry will inevitably continue to grow as a whole. For this reason, those looking to set up a brokerage business have a great opportunity to secure a market niche in one of the fastest-growing industries in the world.
Benefits Of Using a Crypto Broker
Presently, the number of cryptocurrency exchanges in existence is unable to satisfy the daily increasing demand of crypto traders and crypto investors for crypto assets. Practically, all current crypto exchanges cannot respond with a high enough standard of brokerage services or a good enough level of service for retail clients. There is an apparent gap needing to be filled between the crypto exchanges and Forex/stock brokers. Thus the arrival of Crypto brokers is nothing short of timely. Here’s what you can expect:
1. Super modern and powerful trading terminals such as cutting-edge MT5 and other platforms currently in use by crypto exchanges including Bitfinex. MT5 offers the benefit of convenience, navigation, trading, robots, infrastructure (signals, MQL community etc), loading and speed as well as accuracy of deposits up to 8 decimal points, an accounting system and line items, together with netting and hedging.
2. Since millions of traders worldwide already use well-known, industry-standard terminals and are thus potential future clients, all that is needed are new login, password and IP address details.
3. It is possible to use a bank’s personal room or the broker itself for a single account and add any number of platforms, account types and so on through a personal account. The current status with exchanges is that when you create an account on the platform it is not possible to expand the client base should the list of trading platforms and account types expand.
4. The vast majority of crypto traders and investors do not buy crypto assets for withdrawal and transfer purposes from their wallets, nor for the purpose of conducting a real transaction (i.e. transaction to other person or fee for service), but for investment purposes which are all fixed in Fiat. Put simply, they don't actually need bitcoin - rather, they need a good and convenient opportunity to earn from it.
A crypto broker has the ability to accept bank transfers, payment by card and payment through electronic payment systems with deposits being credited and withdrawn quickly, in the usual way. This gives a huge advantage over crypto exchanges, who do not accept bank cards, and charge a 15% commission. The fact that the account type is nominated in dollars puts investors at ease as they know the amount earned and how many they are able to withdraw. All the world-leading regulators permit licensed brokers to provide clients with crypto CFDs, the choice offered being down to the broker, and is a further plus-point for B2Broker clients.
5. Most crypto traders and crypto investors hold assets at an exchange which can be highly risky. By opting for the services of a regulated broker, clients will always have a point of call and a physical office, raising the level of trust whilst providing the opportunity for reliable crypto brokers to take on the overflow of crypto assets from the exchanges. An excellent example of this is the broker, PLUS500 which attracted more than 200K clients in 2017.
6. The level of service on offer now is so low that waiting for a ticket response for 2 weeks has become common, and when opening an account in the TOP 20 exchanges it can take anything from 2 weeks to 6 months. The tendency is for Institutional client accounts not to be opened at all, especially where brokers, other exchangers and those who withdraw funds often are concerned. Therefore, as crypto broker, if you are able to step up this level of service, add regulation and give clients the opportunity to visit your office, you too can open the door to 200K clients.
7. On trading platforms there is the opportunity to nominate account types in any cryptocurrencies, thus you will give clients the chance to trade on your platform who don't want to have risks associated with currency but want to continue to have bitcoin on the account at the same time as trading other cryptocurrencies or other financial instruments. Thus, they actually gain income from the growth of bitcoin mostly (since the balance is based on bitcoin) and also the growth of another cryptocurrency. This is an unprecedented course for any crypto broker and a new step of development for the crypto industry.
8. The ability to add any asset class (crypto, Forex, metals, goods, indexes, shares, ETFs, ect) into one single trading account. Clients can now keep their accounts in any asset that they want, whether it’s US dollar or bitcoin, trade all available tools imaginable from all exchanges across the world and create profitable investment portfolios, diversify risks and build any strategy they want - all from a single trading account! The broker decides what leverage to provide on all these tools with leverages on crypto increasing the number of speculators.
9. The possibility of the connection of investment platforms, such as social trading, PAMM, MAM, etc. Brokers have access to a leaderboard where investors and traders can find each other. This entire process is updated automatically.
10. To ensure that all possible services in the crypto market are provided, a broker can connect a second platform for a crypto exchange with physical delivery of an asset, thus being able to provide the clients the highest level of number of services and opportunities - all from within a single Trader’s Room.
Crypto brokers can also differentiate themselves from traditional Forex brokerages which operate on a 24/5 basis by trading in highly-profitable cryptocurrencies 24/7.
Launching a Crypto Brokerage
B2Broker offers the opportunity to nominate trading accounts in all popular cryptocurrencies and tokens and get Crypto brokers off to a flying start with MT5, the best platform for margin trading. Incorporated into the service is:
1) Trader’s Room. This is there where are all necessary functions for work occur - KYC of clients, creation of tickets, instant exchange, verification, back office for the company, integration by about terms of payment service providers, reporting system and of course complete integration with cryptocurrencies. More than 10 most popular blockchains and all tokens of the ERC 20 standard are integrated.
It is possible for a crypto broker to track real, live implementation after they have registered here:
https://my.b2btc.io/registration
2. MT5 Trading Platform. WL of MT5 is a completely ready infrastructure with A-book and B-book options available on the platform.
3. Liquidity. For margin trading, a single margin account is available with the ability to create streams with different mark-up levels and the possibility of nominating margin accounts for cryptocurrencies.
Liquidity will be delivered from B2BX, the biggest aggregator of cryptocurrencies in the industry which aggregates liquidity of the top exchanges and provides liquidity. Through all known top trading systems B2BX distributes liquidity for brokerage companies and other professional participants of the market.
More info on liquidity can be found here https://b2broker.net/ru/liquidity
4. Investment platform. B2Broker has developed a unique investment platform. Unlike existing competitors that use plug-ins our system has the simple and clear web interface and includes directly 3 products of PAMM/Social trading/MAM.
The system includes an iFrame module regarding Leaderboard (rating) of managing directors and portfolios.
More detailed information can be found on this page:
Login 10901 and password of a demo vr5UwmG Demo version is available here: https://mam.b2broker.net
Company registrations. The company will be required to you for receipt of the license for a trade platform, doing operating activities and signing of the public offer with clients.
You can check out a good Cryptocurrency broker example by referring to one of our clients: B2BTC.IO