A number of Forex brokerage firms have adopted the cryptocurrency. This means they operate a Forex-Crypto integrated exchange. Early adopters of this integrated exchange technology, offer individual clients the opportunity to deposit, withdraw, and trade on a digital asset incorporated account.
The Forex-crypto integrated exchanges may now enjoy a rise in the number of traders along with the potential for growth of the digital assets that are traded on the exchange. Although the dual-win scenario is subject to market volatility, events and trends point to an upward trajectory in the next few years. It is, therefore, safe to state that the integrated exchanges will continue to reap substantial rewards for quite a while going forward.
The exchanges that have so long shied away from integrating are missing the volume by an inconspicuously widening margin.
(i) Crypto is in:
Turn a blind eye, if you will, but it is true. Contrary to what many traditionalists believed, the digital currency didn’t fizzle out. It has seeped through the crevices of stringent economic control and financial exclusion to gain popularity as an alternative investment instrument. An increasing number of people gravitating towards this sort of finance recognizing its potential is something a Forex-crypto integrated exchange may draw vitals from.
(ii) Crypto is here to stay:
Through its journey, Bitcoin, the foremost cryptocurrency has been through a number of nose dives, each time recovering itself several times over. Its trajectory has been upward-facing. And even with occasional dips, it’s not going away anytime soon.
This is to say, that the crypto-wave is engulfing more industries than ever with its technology and a myriad of offerings and possibilities. In view of this, it is only wise to adopt and adapt to its impactful and rewarding features.
(iii) Offering of Low deposit amount
A Forex-crypto integrated exchange may allow a deposit amount as low as $25 as is the case with some running exchanges.
(iv) Inclusion of Crypto will boost the operations
The inclusion of a crypto exchange is bound to heighten activity with many Forex traders wanting to explore the crypto domain on the same platform.
(v) Union with crypto exchange infuses two of the world’s most powerful investment instruments
A Forex-crypto integrated exchange that combines two of the world’s highest capped investment instruments is sure to grab worldwide attention.
(vi) It would afford traditional Forex investors an opportunity to explore the crypto
Forex traders, already active on the exchange will gain interest over time to explore a new avenue; some of whom may already have invested in crypto separately.
(vii) The combined venture is capable of attracting investment masterminds from the crypto community
Once up and running the Forex-crypto integrated exchange opens up to a new segment of investors who dabble primarily in crypto, thus creating more possibilities and inviting increased trading activity.
(viii) The combination could initiate an innovation storm surrounding the concept enhancing the firm’s profits
When promoted and marketed well this effort is sure to stir up a storm birthing more innovative concepts and business ideas around it.
(ix) Added Security
Trading Forex with crypto comes with an added layer of security which serves to conceal your bank account and credit card details. The anonymity feature donated by blockchain helps users shade their credentials.
(x) No geographical boundary
Crypto transactions need not adhere to geopolitical boundaries. A trader based in Australia can trade Forex through a broker based in the United Kingdom. Regulatory constraints may pose a concern, however, with the traders and brokers willing to transact, geographical boundaries need not exist.
PayBito is a leading cryptocurrency asset trading platform operating globally. PayBito’s cryptocurrency exchange incorporates a Forex wing facilitating dual-trading. The Forex-crypto integrated exchange is designed and managed by a team with roots in Banking security systems, Cryptocurrency trading, and Blockchain technology.
PayBito services include white label cryptocurrency exchange, white-label payment gateway, exchange affiliate, and coin listing. PayBito offers some of the best rates and top-notch security in the crypto world. PayBito offers a referral program and invites franchise partnerships fostering advancement through a synergistic approach.
PayBito has recently reported its engagement in multiple projects in collaboration with Forex brokerage firms in new registrations and subsequently upgraded its wallet features.
For this powerful investment mechanism to bear fruit, governments need to be in agreement over the operations and moderately regulate them. Globally accepted guidelines and protocols should be laid out in no ambiguous terms for exchanges to conform to. Making these changes would bring out the real dynamism from the integrated Forex-crypto exchanges