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NewsBTC 2021-09-10 09:09:15

Amidst Binance Debacle, Eightcap Steps in as the Largest Crypto Derivative Offering

This last month has not been an easy one for crypto derivatives traders. This is because Binance, one of the largest crypto exchanges, announced that it would no longer offer derivative trading to its users in Hong Kong. This came after similar services were suspended in European countries like Germany, Italy, and the Netherlands. According to Changpeng Zhao, the CEO of Binance, the reason for this decision is because the exchange is “pivoting from reactive compliance to proactive compliance.” Regulators worldwide have come down hard on crypto trading platforms, which has left crypto derivative traders to worry about where they can trade crypto derivatives. The New Home of Crypto Derivatives While members of the crypto community might feel some apprehension about the current regulatory landscape, some cryptocurrency brokers are expanding their offering to meet the needs of retail clients. Eightcap, an award-winning CFD broker, announced on August 6, 2021, that it would be launching over 250 crypto derivatives. With this announcement, Eightcap now becomes the largest crypto derivatives provider in the industry. Its many features make this offering the first choice for both existing crypto derivative traders who are looking to switch from Binance and similar places, and crypto fanatics who are looking to start making their move on crypto derivatives. Funding the trading account can be done through various payment met...

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Amidst Binance Debacle, Eightcap Steps in as the Largest Crypto Derivative Offering

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