CAPEX.com, a multi-asset trading platform, has announced the expansion of its crypto trading offering with the addition of 12 new cryptocurrencies which would provide its traders with more choice and in the process help in boosting the trade volumes for the broker.
The broker already has Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple listed on its platform. It has now added Aave, Cardano, EOS, Tron, and 8 more cryptos to bring the total number of cryptos available for trading on its platform to 21.
Christina Koullapi, Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation: “With crypto transactions allowed on massive payment platforms such as PayPal and investment banks such as Goldman Sachs or Morgan Stanley offering access to crypto funds for its clients, it was a logical step for us to expand our crypto portfolio. We are happy to provide our clients with many new options to diversify their investment portfolios.
As we grow CAPEX.com’s presence throughout Europe, we try to find new and exciting ways to make online trading more accessible, transparent, and secure.”
The broker has been pushing aggressively with its sales as well as infrastructure growth. Last year, they had tied up with the soccer team Juventus as their trading partner to get their brand name across users and push their sales efforts. They have also improved their payment integration setup by partnering with Praxis and have also tied up with regulatory partners as they expand across several regulatory jurisdictions.
It already holds a CySEC license via KeyWay Investments, which is its holding company. It also holds a license from Abu Dhabi, South Africa, and Seychelles, and from this, it is clear that it has already planned its expansion into Asia and Africa in due course of time. The company also claims to give experts insights, better education as well as tools for its traders so that they can benefit from its services and use its insights and features to become better traders.
The launch of additional cryptos must be deemed as something inevitable as more and more brokers get on the crypto bandwagon. Cryptos are an alternative investment suite at this point and considering the volatility and the associated risk and returns in this field, it has quickly grown among the trader and investment community, and the brokers and other financial platforms are looking to cash in on this surge of interest.