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This past month has not been an easy one for the crypto derivatives sector; Binance has suspended crypto derivatives trading in several key countries, including Brazil, Germany and Hong Kong. In an official statement, Binance clarified that the reason for this suspension was to remain in line with regulatory requirements.

However, this is not the first time that regulatory issues have caused problems within the crypto industry. Previously, there have been issues around a Bitcoin ETF that was heavily pursued in the United States and China. Furthermore, privately issued cryptos are banned altogether. Traders worry that if an industry giant like Binance can’t get around these sorts of regulatory hurdles, what hope does the industry have? The exchange has been backed into a corner; Binance has had to limit daily withdrawals to comply with regulators. This ultimately has led its derivative traders to worry about their funds and future trades.

Amidst all the confusion, Eightcap, an award-winning CFD broker, has made impressive moves to secure its position as the go-to broker for crypto derivatives in the industry. This has been achieved through its extensive new offering, which provides derivative traders access to over 250 crypto derivatives, including coins, crypto-crosses and crypto indices, making it the largest offering in the industry. Paired with the new offering is also a wealth of attractive features such as swift withdrawals, multiple funding options and ultra-low spreads.

Eightcap Takes Centre Stage in the Crypto Derivative Space

On August 6, 2021, Eightcap announced that it had rolled out over 250 new crypto derivatives, allowing crypto traders to speculate on rising and falling prices through its MT4 and MT5 platforms. While users have been scrambling to find alternative access to crypto derivatives, Eightcap has taken the proactive step to offer a whole world of them.

Besides the rollout of crypto derivatives, Eightcap has also reiterated its current features that make the trading process more straightforward and accessible for crypto derivative traders. Firstly, no wallet needs to be opened to trade and withdraw funds with Eightcap. This makes the withdrawal process quick and seamless and eliminates any unnecessary worry that current crypto derivative traders might have about accessing their funds. Crypto derivative traders will also have numerous payment options for funding their trading account, including PayPal, credit/debit card, Skrill, Neteller and many more.

Joel Murphy, CEO of Eightcap, said:

"Our vision at Eightcap is to provide a new home for crypto derivative traders by providing an unparalleled offering that includes the largest crypto derivative library paired with ultra-low spreads and fast withdrawal options."

He also acknowledged the current regulatory environment and stated that Eightcap is taking measures to ensure that its customers are protected, adding:

"The regulatory issues crypto exchanges such as Binance are facing means traders are left with unnecessary worries about their funds and if they can withdraw them. With us, crypto derivative traders can have a seamless experience from the moment they open an account to when they want to withdraw their funds."

Eightcap, which offers products in the Forex, Indices, Commodities, and Shares CFDs, is currently regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC) and the Vanuatu Financial Services Commission (VFSC). Eightcap has boldly thrown its hat into the ring for dominance within the CFD space amidst the chaos of the last month.

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