CEX.IO, a well-established international cryptocurrency exchange, has announced the launch of CEX.IO Broker, a margin trading platform for digital assets that can service residents of the EU under regulation of the Cyprus Securities and Exchange Commission (CySEC). Having received a market-making CIF license, CEX.IO Broker can provide professional trading and investment services throughout the EU under the MiFID II framework.
"Obtaining the CySEC license was a crucial milestone. Launching a service under this license will provide our users with a regulated platform to work with digital asset-based derivatives. CEX.IO Broker also opens the path for forex traders in Europe to a new industry and asset class. By offering a multitude of services, we provide the opportunity for our users to grow in our very own ecosystem," - Oleksandr Lutskevych, founder and CEO of CEX.IO, stated.
He added that the CEX.IO group is "committed to eliminating the technological barriers that prevent users from engaging in different cryptocurrency-related activities."
CEX.IO Broker* prides itself on its straightforward user experience that allows users to take advantage of professional-grade trading tools and adjustable leverage. The broker allows traders the ability to use different margin trading strategies in a multi-account terminal. These features have been designed to provide traders the ability to implement different trading strategies in one convenient and easy-to-use place. Traders can access both spot markets on CEX.IO and derivatives on CEX.IO Broker in the same platform.
Founded in 2013, CEX.IO has spent recent years expanding its ecosystem with advanced cryptocurrency trading solutions, including a B2B fiat to crypto on/off-ramp solution called CEX Direct. The company has also developed CEX.IO Aggregator, a technical solution for liquidity aggregation, and Identance, an identity verification platform. The company's most recent project has been CEX.IO Loan, a cryptocurrency-backed loan program, as well as CEX.IO Staking, an aptly-naped staking service.
“The purpose of our products is to act as a bridge into the open financial system. With our CySEC license, we provide regulated services on the newly launched CEX.IO Broker platform, allowing traders to work with digital asset derivatives in a safe and transparent environment," Oleksandr commented. He concluded by saying that the company's "objective is to offer an elegant solution, where users understand the instruments, manage the risks, and put assets to work to achieve their goals."
*CEX.IO Broker is the trade name of CEX Markets Ltd. CEX Markets Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission license no 381/19.