Cryptocurrencies for forex brokerages?
We have already covered what would be the first steps to open a forex company, but now comes the question: ‘With all that’s been happening to cryptocurrencies, can I open a brokerage that allows clients to trade not only forex but also Bitcoin and Altcoins?’
Well, in a nutshell, it’s not very much different from running an average forex brokerage. It all depends on whether your trading platform actually has the functionality for crypto instruments.
For example, xStation allows users to trade:
With our white label you can access these in a standard package. As a conclusion, you mainly need to find out whether your technology provider supports trading cryptocurrencies and consult with your legal advisor.