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Revolutionary margin trading platform Monfex is set to take crypto finance to the next level
With tight margins and stagnant markets across most coins, there is a huge demand to trade leveraged cryptos. Monfex, is a new player on the scene that is making leveraged crypto trading and even investing accessible and simple for its users.
Introducing Monfex – the Simplified Alternative to Traditional Crypto Trading
The Monfex team is proud to present an innovative solution that aims to transform the way crypto community manages its portfolios.
The new platform offers excellent margin trading for 12 digital coins including BTC, ETH, and Ripple that can be used easily by both new and expert traders alike.
Accounts are funded via BTC, and a wide variety of instructional material is available to help newcomers get the most mileage out of their trades.
Changing the Way the Community Trades
Monfex’s mantra is financial simplicity and with the option to transact major coins vs.USD.
With tight spreads, low commissions and high leverage on 12 coins the platform offers the market what it has been looking for – simplicity, flexibility and power.
Similar to futures trading the Monfex platform allows traders to speculate on the price movements of digital coins with the power of up to 50X leverage but with the added bonus of divisible contracts. According to leading industry veteran and Managing Director of Monfex, Alex Nekritin:
‘Finance should be easy. Imagine a world where everything needed to manage money is available at the touch of a button’
You are also guaranteed to never lose more than your deposit – spreads are tight and commissions low at 0.75% and users can trade anywhere from 0.01 BTC with no maximum.
Leveraging Partnerships to Deliver Greater Liquidity
With excellent ties to the leading institutional crypto trading firms we are able to offer institutional quality liquidity and spreads:
‘There are new and exciting features on the way that are going to revolutionise crypto trading for everyone. Our goal is to simplify and improve the global financial system and we are starting with digital currency trading – its crypto trading the way it should be.’
Knowledge is Power – Social Trading is on Its Way
One of the most exciting features that Monfex is planning to add in 2019 is social trading.
This will allow even the newest crypto traders the opportunity to follow the trading strategies of the top players in the market – in short knowledge sharing at its best!
With secure deposits and a strong support team, the Monfex platform looks set to change the way the market operates – Join the revolution today!
About Monfex: Built and developed by a team of finance and tech experts, the Monfex platform offers leveraged trading with a wide range of digital currencies. The platform is fast becoming the leading trading platform in the industry today!
For more information please visit https://www.monfex.com
Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.
US dollar index retreats
Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.
The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.
Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.
At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.
“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”
“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…
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