With this launch, Eightcap is now the largest CFD provider offering crypto-focused derivatives.
Eightcap, a leading CFD broker registered in Australia, has launched more than 250 crypto derivatives products, according to a press release shared on 28 September.
According to the brokerage firm, the new products are targeted at giving clients an array of crypto financial tools by which to diversify their portfolios. Eightcap customers can now buy or sell any of the supported cryptocurrency CFDs, including crypto indices, and enjoy a wide range of funding options and quick withdrawals.
The offering includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE), according to details on the company's website.
Customers seeking to leverage these derivatives will do so via the brokers MT4 and MT5 platforms, the firm added in the statement.
The "new home" of crypto derivatives
Eightcap is promising its users a "seamless experience" as it looks to become the leading provider of crypto derivatives amid regulatory struggles by exchanges like Binance and Kraken.
Because of such challenges, the platform targets offering an unpatrolled array of products, relying on its ultra-low spreads and quick withdrawals to become the "new home for crypto derivatives."
Joel Murphy, the CEO of the Melbourne-based broker, said:
"The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary worries about their funds and if they can withdraw them. With us, Crypto derivative traders can have a seamless experience from the moment they open an account to when they want to withdraw their funds."
Some of the benefits the broker has teased include tight spreads, fast deposit and withdrawals, and security given it's regulated by the FCA, ASIC, and CySEC.