International Cryptocurrency Exchange CEX.IO brings to market a platform focused on European users.
CEX.IO, one of the largest international cryptocurrency exchanges, announces the launch of the CEX service.IO Broker, a platform for margin trading of crypto assets, for residents of the European Union. Previously the service CEX.IO Broker has received a CIF license for market makers from the Cyprus Securities and Exchange Commission (CySEC), which operates in the European Union.
CEX.IO Broker, part of the CEX ecosystem.IO Group, combines security with a simple and intuitive interface that gives customers the opportunity to use professional trading tools. A terminal with multiple trading accounts, high-level risk management, various leverage sizes and other useful features of the service CEX.IO Broker provides the necessary flexibility in applying those margin trading strategies that best suit the style of its clients. For added convenience, traders can use a single account to access both derivatives markets on CEX.IO Broker, and to spot markets on CEX.IO.
CEX.IO A broker authorized to operate as a Cyprus Investment Firm (CIF) may provide investment and professional trading services, including securities, derivatives and foreign exchange transactions, in the European Union under the MiFID II Directive.
“Obtaining a license from CySEC is a key step for our development. The launch of the service with this license provides our European users with a regulated platform where they can work with derivatives based on crypto assets. CEX.IO Broker also opens the way for European forex traders to a new area and type of assets. By offering a variety of services, we give our users the opportunity to grow within our ecosystem, ” says the founder and CEO of CEX.IO Alexander Lutskevich.
CySEC issued CEX.IO Broker is licensed by CIF on the basis of the company’s compliance with all relevant requirements of the Law on Investment Services, Investment Activities and Regulated Markets of 2017.
“CEX.IO The Group has set itself the goal of eliminating technological obstacles to the participation of users in various activities related to cryptocurrencies. With a license from CySEC, we give traders the opportunity to work with cryptocurrency derivatives in a secure and transparent environment. Our service meets the standards applicable to regulated European firms, ” Alexander explained.
Founded in 2013, the company CEX.IO – a major service provider in the crypto industry, mainly known for its innovative crypto asset exchange.
For many years, the group has been working on expanding its ecosystem with new solutions, including a solution for B2B exchange of fiat for cryptocurrencies CEX Direct, a technical solution for aggregating CEX liquidity.IO Aggregator and the identity verification and regulatory compliance platform Identance. Recently CEX.IO has started offering loans secured by cryptocurrency as part of the CEX program.IO Loan, as well as a staking service CEX.IO Staking. For Russian traders, margin trading is available within the framework of an international platform with support for the Russian language.
“We are excited about the opportunity to expand our ecosystem with regulated platform services CEX.IO Broker. At the moment, the market is undergoing a stage of active growth of cryptocurrency derivatives. Our goal is to provide an elegant solution that allows users to understand the tools, manage their risks and work with assets to achieve their goals, ” added Alexander Lutskevich.