The cryptocurrency market is experiencing a remarkable phase of expansion, marked by Bitcoin's record-breaking highs and a total market capitalisation surpassing $2.37 trillion. This augmentation aligns with the forthcoming implementation of the MiCA regulation, set to take effect on June 30, 2024, followed by a subsequent wave on December 30, 2024.
With a diverse array of over 20,000 coins and tokens and a user base exceeding 300 million traders, the cryptocurrency market presents itself as an increasingly attractive option for trading compared to the FX market, which boasts 128 currency pairs and an estimated 50 million traders. This growing appeal is fueled by cryptocurrency's widespread integration across various sectors, such as finance, fintech, and payments, alongside the introduction of innovative business models facilitated by technologies like L2 solutions and blockchain protocols.
In line with this booming trend, B2Broker has unveiled the
B2Trader offers substantial advantages to diverse entities within the financial landscape, including crypto brokers specialising in CFDs and derivatives, OTC brokers, FOREX brokers, multi-asset and multi-market brokers, market makers, liquidity providers, payment systems, and even banks.
Check how each of these business models can use the capabilities of BBP:
For FOREX brokers, B2Trader can be a valuable addition to their platform lineup. Alongside the traditional trading platforms like MT4, MT5, and cTrader, which primarily handle assets such as FX, crypto, equity indices, and precious metals for margin trading or as CFDs, integrating B2Trader allows them to offer exclusive crypto spot trading. This expansion enables them to attract a new segment of crypto traders interested in physical delivery or ownership and to generate revenue through commissions, markups, and effective risk management.
Additionally, BBP provides a solution for regulated FOREX brokers to separate their digital asset trading activities under a different licence, promoting strategic diversification and maintaining a competitive advantage.
Brokers specialising in crypto CFDs, utilising crypto as collateral, and providing a combination of FX and crypto CFDs can utilise B2Trader to augment their current offerings by incorporating crypto spot trading.
In the fiercely competitive landscape of client retention and acquisition, the lack of crypto spot trading options could prompt clients to explore alternative service providers. Therefore, integrating B2Trader grants brokerages a strategic edge, enabling them to adjust to market dynamics promptly, provide highly sought-after crypto spot trading services, and fulfil client demands.
Utilising B2Trader, market makers can tap into multiple exchanges, consolidate liquidity effectively, achieve competitive spreads, optimise pricing strategies, and facilitate smart routing execution across various venues.
The inclusion of cryptocurrencies in your asset portfolio significantly enhances your attractiveness to brokers, hedge funds, and professional traders. B2Trader simplifies this integration, providing the necessary tools to broaden your market presence and expedite revenue growth.
For EMIs, PSPs, and banks, B2Trader offers a strategic advantage by facilitating diverse asset management, monitoring capabilities, and the creation of liquidity pools. It empowers these entities to incorporate crypto services into their current operations, facilitating transaction netting, provision of crypto accounts, and enabling instant swaps.
BBP presents boundless opportunities as the gateway to the thriving trends within the crypto reality. With its comprehensive API and a full suite of essential components and modules, B2Trader seamlessly integrates into any business model.
B2Trader embodies high-speed, high-efficiency, and high-tech capabilities. Even in its most rudimentary configuration, it manages 3000 trading instruments and handles up to 3000 requests per second. The platform provides real-time market data, with updates every 100 milliseconds, and facilitates ultra-fast order execution starting from 1 millisecond.
"Today, B2Broker is a leading name in the FinTech industry. We began operating in the FOREX industry in 2014 and have been developing solutions for the crypto industry since 2017. B2Broker has earned multiple awards and recognitions, and our years of experience have allowed us to understand what the market needs exactly.
That's why we created B2Trader. It's our answer to the changing trends in finance. We have poured 18 months of hard work and over $5 million into B2Trader. BBP is built by our dedicated in-house team of 40 engineers, each contributing to a solution that truly meets the demands of today's brokers. In the next 12 months, we are planning to double the team and enhance our offerings even further!"
— Arthur Azizov, CEO and Founder of B2Broker
Built upon a cutting-edge technology stack, BBP prioritises reliability, scalability, and security by leveraging the latest tools and protocols. Hosted on AWS for its dependable infrastructure, it mitigates hardware risks. Data management is handled through MongoDB and Amazon Redshift, with market insights facilitated by TradingView.
Kubernetes and Docker enable scalable deployments, while CloudFlare offers DDoS protection. Efficiency and reliability are further enhanced by the FIX protocol. Below is the comprehensive list of protocols and technologies:
B2Trader, crafted by
In addition, integrated with
Utilising Marksman, crypto brokers can efficiently connect to top exchanges by simply inputting API credentials after opening an account. This facilitates the creation of diverse liquidity pools from multiple exchanges, enabling brokers to assign specific execution and routing rules and establish failover protocols for both pairs and liquidity pools.
B2Trader is available as a turnkey solution or for seamless integration with any CRM via REST API. For further information, interested parties can reach out to the sales team or their dedicated account manager, explore the free demo, and launch their crypto spot broker within a week!
This story was distributed as a release by BTCWire under HackerNoon’s Business Blogging Program. Learn more about the program here: