CFD broker Eightcap has announced the launch of more than 250 cryptocurrency derivatives, giving clients access to a broader range of crypto trading instruments through the MT4 and MT5 platforms. The company said the new lineup is designed to help traders diversify their exposure with products including crypto crosses and crypto indices.
Broader range and tighter pricing
According to the company, the new rollout expands its crypto derivatives library beyond what many competing providers currently offer. Eightcap also noted that it was recently named Best Crypto Broker at the AtoZ Markets annual awards 2021. In its announcement, the broker linked the launch to ongoing market concerns around access to funds, arguing that regulatory issues at some crypto exchanges have made withdrawals more difficult for derivatives traders.
Eightcap is positioning pricing as a key selling point. It said traders can access crypto derivatives with ultra-low spreads, including Bitcoin from 12 p/coin, Ether from 0.45 p/coin, Cardano from 0.004 p/coin, and Dogecoin from 0.0002 p/coin. The broker said this combination of breadth and pricing is intended to give users a more competitive environment for leveraged crypto trading.
Funding flexibility and withdrawal speed
The broker said account opening can be completed in three steps, and once verification is finished, clients can fund accounts using BTC, Tether, PayPal, Skrill, Neteller, credit or debit cards, and bank wire transfers, among other methods. Eightcap executives said the goal is to offer a smoother experience from onboarding through withdrawals, especially for traders looking for more predictable access to their capital.
Director of Operations Marcus Fetherston said the firm is focused on regulated leveraged derivative opportunities for cryptocurrency traders, presenting this as a more secure alternative to traditional offshore exchange platforms. Eightcap added that many existing crypto exchanges and brokers still offer a relatively limited set of derivatives alongside wider spreads, while its new offering aims to combine variety, tighter spreads, and easier deposits and withdrawals.
Regulated broker with risk disclosure
Eightcap said it has operated since 2009 and was founded in Melbourne, Australia. The broker is regulated by ASIC, FCA, CySEC, and SCB, and offers access to more than 400 financial instruments across forex, indices, commodities, shares, and cryptocurrency CFDs. The release also included a risk warning, noting that margin trading carries significant risk, may result in the loss of the entire initial investment, and does not give traders ownership rights over the underlying assets.