Digital cryptocurrency -- a new market opportunity for brokers

Digital currency is an electronic currency issued, managed and circulated by using P2P peer-to-peer network technology, including digital gold coins and cryptocurrencies.

With the popularity of bitcoin all over the world, digital currency has been favored by more financial and government institutions. Compared with paper money, digital money has obvious advantages. It can not only save the cost of issuance and circulation, but also improve the efficiency of transactions or investments, and enhance the convenience and transparency of economic transactions. Therefore, it will gradually replace paper money in the future, and the development momentum is very fierce.

At present, the global digital asset exchange coinbase (gdax), bitcoin exchanges Kraken and bitfinex have already completed the market transaction deployment of digital cryptocurrencies. In 2018, Lmax, an internationally renowned exchange, also strongly launched digital currency trading varieties. Digital currency trading is bringing new development opportunities and strong market development space for brokers.

Coinbase established the first bitcoin exchange with a formal license in the United States, providing trading services to 25 states including New York and California.

Kraken, a San Francisco based bitcoin exchange, is the most active digital currency exchange in the United States.

Bitfinex is the largest bitcoin trading platform in the world. It supports the trading of more than 30 virtual currencies such as Ethereum and bitcoin, and is the largest trading volume exchange in the world.

Lmax is a foreign exchange gold exchange regulated by FCA. It is also the first and only European top financial company with exchange license and broker license using multilateral trading facility (MTF).