Cyprus-based Match-Prime has introduced a new offering tailored for FX brokers, featuring enhanced net open position limits and increased leverage.
“The demand for CFDs on cryptocurrencies is surging,” stated Andreas Kapsos, CEO of Match-Prime, in an interview with Finance Magnates.
Match-Prime Enhances Cryptocurrency CFD Liquidity for Forex Brokers
Match-Prime has expanded its cryptocurrency liquidity services, specifically targeting CFD brokers. This new offering includes higher leverage ratios and increased net open position (NOP) thresholds for leading digital currencies.
The new service allows brokers to offer up to 1:50 leverage on Bitcoin (BTC) and Ethereum (ETH), with a 50 million NOP, and up to 1:20 leverage with a 300 million NOP. For the top 10 cryptocurrencies by market cap, the leverage goes up to 1:10 with a 10 million NOP, while smaller market cap coins can be traded with up to 1:5 leverage and a 3 million NOP.
“Our advanced risk management systems enable us to offer such competitive conditions,” said Stavros Economides, Chief Operations Officer at Match-Prime. “This allows our clients to trade with higher leverage while being assured of our capacity to handle large volumes and market volatility.”
Regulated by the Cyprus Securities and Exchange Commission (CySEC), Match-Prime provides liquidity for over 50 cryptocurrency pairs. The company’s latest offering is designed to meet the needs of both small and large brokers, facilitating the management of significant trading volumes.
As cryptocurrency trading continues to grow within the forex market, Match-Prime aims to stand out in the crowded liquidity provider market by offering more competitive leverage and NOP limits.
During a recent conversation at the iFX EXPO International 2024, Andreas Kapsos, CEO of Match-Prime, shared insights on the growing popularity of crypto CFDs. “CFDs on cryptocurrencies have become essential for liquidity providers. As we expand into new markets, the demand for these products only continues to rise,” he said.
While specific figures related to crypto CFDs are often undisclosed by brokers, Axi reported a trading volume of $16.7 billion in crypto CFDs in March, following $7.6 billion in January and $10.4 billion in February.
Earlier this year, Match-Prime and Match-Trade Technologies, the developer behind the Match-Trader platform, announced the opening of a joint office in Dubai, marking their expansion into the MENA region.
New Innovations from Match-Trade
Match-Trade Technologies has also been making strides in the prop trading industry. Since February, following licensing challenges faced by MetaQuotes, a key competitor, Match-Trade has seized the opportunity to offer its services to an increasing number of trader-funded firms (TFFs).
This month, Match-Trade Technologies rolled out a significant upgrade to its Match-Trader platform, designed to support the growth of proprietary trading firms. The upgrade includes the integration of TradingView charts and special pricing for challenge accounts, enabling proprietary trading firms to expand their operations.
Looking forward, Match-Trade Technologies plans to release an update to their Prop CRM, which will be integrated with the Match-Trader platform to streamline tournament management and user rankings.
Despite expanding its client base, Match-Trade is also making selective decisions on partnerships. For instance, in May, Match-Trade suspended its partnership with SurgeTrader, citing the firm’s failure to meet the agreed-upon formal requirements.
