The free desktop terminal is designed to meet the information demands of professional traders looking to navigate the cryptocurrency markets. The launch comes one month after the launch of the world’s first-ever leveraged cryptocurrency-settled derivative contract for the Telegram Open Network’s GRAM token on the platform.
Xena Exchange, a digital assets operator founded by investment banking professionals, has launched a desktop terminal for customers which is aimed at both novice traders looking to learn, test paper trading, try new strategies and order types, as well as experienced professionals.
Professional traders can make use of automated trading strategies using C# and the Visual Studio Code plugin, strategy backtesting, built-in calculation as well as one-click trading of synthetic instruments. The Desktop Pro terminal enables investors to backtest strategies (emulator mode) that allows people to evaluate automated strategies without any risks.
Anton Kravchenko
Anton Kravchenko, Chief Executive Officer at Xena Exchange, commented: “The cryptocurrency sector has grown exponentially within the last decade. However, the infrastructure to support professional traders and investors make informed decisions doesn’t exist in the same way it does for traditional financial services. This lack of high-quality impartial information is a huge barrier preventing retail investors and institutions from entering this rapidly evolving and exciting area of the world economy.”
In late 2018, Xena Exchange raised $3 million in a Series A funding round with the sole investor being Klever Internet Investments, a stage-agnostic venture capital fund focused on investing in internet-enabled businesses. Klever is headquartered in Moscow, Russia, and is also invested in Telegram Open Network, the messaging service’s blockchain project. The $3 million will fund the team’s expansion, product development, and marketing efforts.
The cryptocurrency exchange is headed by former executives at J.P. Morgan, Deutsche Bank, and UBS. Prior to launch Xena Exchange, CEO Kravchenko was Associate Director at VTB Capital and Vice President of Investment Banking Solutions at Bank Otkritie Financial Corporation. For three years, between 2010 and 2013, he worked at J.P Morgan’s Russian subsidiary on its derivatives and structured products department for Russia and CIS.
Swiss bank and brokerage firm, 
Cryptocurrency Exchange IronX, a joint venture between retail FX and CFD firm IronFX and EmurgoHK company, developers of Cardano (ADA), have appointed Stephen Hammond, MP, and Member of the UK Treasury Select Committee, as an advisor on Government Relations.
The London-based leading international online 
Seven companies operating within the UK crypto trading market, including trading platforms, exchanges, comparison sites, intermediaries, merchants and asset managers, have founded a self-regulatory trade body – CryptoUK – to improve industry standards and engage policymakers on the future of the sector.
The seven founding members are 
“This is a severely misunderstood sector that has great potential to improve our society. But we are hearing instances of rogue operators and consumer harm. That’s why CryptoUK has been established: to promote best practice and to work with government and regulators to ensure that the UK benefits from the exciting potential of this international technology. The Code of Conduct is at the heart of everything we do. It is not finished. It will be improved and refined, in collaboration with industry, policy makers and others. We hope it can form the blueprint for what a future regulatory framework will look like”, Gandham added.
The Association does not represent Initial Coin Offerings (ICOs) with CryptoUK committing to developing a specific Code of Conduct for the process.
The Code will evolve and be updated following collaboration with industry, policy-makers and wider opinion formers over the coming months.
Electronic trading solutions and algorithmic technology provider Horizon Software announced that is now supporting the cryptocurrency market by offering the option of trading Bitcoin as well as other cryptocurrencies, such as Ether, Ripple and Litecoin, through the company’s platform.
