MultiBank.io: A Cryptocurrency Exchange that puts Regulation first

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Established in 2005, MultiBank Group aims to bring regulation and safety to the financial industry, creating a trusted trading environment.

Over the past years, it has evolved into one of the largest financial derivatives institutions, holding more than 12 licenses worldwide, operating from 25 global offices, serving over 1,000,000 active customers, and achieving an average daily trading volume of $12.1 billion.

Since the creation of Bitcoin, a growing number of digital currencies have been developed such as Ethereum, Ripple, or Litecoin, which have gained increasing attention and adoption over the past decade.

Although the world of currency is steadily expanding and gaining popularity, the traditional finance industry is still hesitant to adopt the use of these digital assets. However, there are also some financial institutions such as MultiBank Group that are working to change and drive a new era of innovation and efficiency.


MultiBank.io

MultiBank Group has launched a crypto exchange platform, known as MultiBank.io, allowing users to trade the most popular digital assets, including Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Polkadot, Chainlink, Litecoin, Stellar, EOS, Cardano, and Ripple.

It can’t be denied that the use of digital currencies has led to changes in consumer behavior and transaction processes. Some of the most significant benefits are faster, cheaper, and more secure transactions than traditional ways.

Not only that, digital currencies come with other innovations in payment systems such as mobile money and blockchain technology, having the potential to revolutionize the way people make transactions.

Hence, this makes it easier for people to access financial services and participate in the global economy. It allows people living in remote or rural areas, who may not have access to traditional banking services, to easily transfer money to relatives or make payments for goods and services via financial technology like digital banking.

Solutions for Crypto

With the launch of MultiBank.io, MultiBank Group has been entering the crypto sphere, acknowledging the lack of regulations within the industry of digital assets, to create an ecosystem and revolutionize the crypto industry by leveraging their established reputation for security and regulations with the legacy they built in the derivatives sector.

To date, MultiBank has achieved remarkable milestones, solidifying its position as one of the largest online financial derivatives institutions. With a paid-up capital of over US $322 million, the Group has broken records with outstanding financial performance.

The footprint of MultiBank has expanded across five continents, acquiring over 12 regulatory licenses, and has an impressive daily trading volume of $12.1 billion. The team considers itself the “most regulated financial broker worldwide.”

Why Choose MultiBank.io?

The most noticeable thing that makes the trading cryptocurrencies platform stand out is that it comes from the MultiBank Group, the forex broker and trading platform that has successfully stamped its authority in the trading world.

As said, MultiBank is highly regulated by more than 10 financial regulators across 5 continents, including ASIC (Australian Securities and Investments Commission), AUSTRAC (Australian Transaction Reports and Analysis Center), CIMA (the Cayman Islands Monetary Authority), BaFIN (the German Federal Financial Supervisory Authority), ESCA (the UAE Securities and Commodities Authority), FMA (Financial Markets Authority), FSC (Financial Services Commission), MAS (Monetary Authority of Singapore), TFG (Tianjin Financial Government), VFSC (Vanuatu Financial Services Commission), among others.

Additionally, the MultiBank Group has won multiple awards from distinguished media organizations, financial institutions, and publications. MultiBank is considered the Best Forex Trading Platform 2011 by Hexun.

The Founder and Chairman Naser Taher was appointed as the Honorary Chief Financial Advisor to the Chinese Government of Tianjin and awarded the Honorary Tianjin Haihe Friendship Award in 2013. He recently won the Chairman Of The Year 2023 by Le Fonti Awards Dubai.

MultiBank Group is creating a comprehensive financial ecosystem that seamlessly unites traditional derivatives with crypto offerings through its MultiBankFX and MultiBank.io.

In that, MultiBankFX serves as the hub for derivative products including forex, shares, metals, indices, commodities, and crypto CFDs.

Users can access state-of-the-art trading platforms, leverage, and a wide variety of instruments, some even at 500:1. Traders can trade over 55 forex currency pairs, with tight spreads starting from 0.0 pips.

The maximum leverage that users can get in its forex market is 500:1, making a difference in the affordability of trades by increasing the purchasing power of the traders. The company supports major, minor, and exotic currency pairs, such as AUD/USD, GBP/USD, USD/CAD, JPY/NZD, or USD/CHF.

Also, traders can diversify their portfolio on MultiBank Group by trading different metals such as silver and gold with spreads of 2 cents and 1 cent respectively.


Trading Tools

Buying and selling company shares on the MultiBankFX platform has become easier than ever before with more than 20,000 equities of large multinational companies listed on leading stock exchanges with low margins of 5%.

It also offers instant access to trade major indices from around the world with the lowest spreads in the market and a maximum leverage of 100:1.

Moreover, you can trade commodities with a swap-free trading account, low margin on all commodities, and tight spreads at zero commission. the cutting-edge trade platforms, offering ground-breaking reliability and stability, include award-winning MT4 and MT5 platforms, a Web platform, and social trading platforms.

How To Get Started

To get started with MultiBankFX, you will need to create an account by going to the official website of MultiBank Group and then navigating to the Live Account tab available at the top of the landing page. A registration field will appear and require you to fill in your personal information, including name, email, address, phone number, and unique password then enter “NEXT”.

The second step will require you to fill in other information like country of residence and select a preferred trading currency from USD, AUD, GBP, EUR, CAD, and CHF. You also will need to select the expected investment amount in USD from the option and upload a document for identification.

There are multiple account types to suit different needs based on the preferences of the traders, including Standard, Pro, ECN, Demo, and Islamic accounts.

On the other hand, MultiBank.io pioneers the Crypto Spot Exchange, with plans to introduce the Futures Exchange along with copy trading and tournaments in the future.

The platform is also in the process of the Virtual Assets Regulatory Authority (VARA) license, which is responsible for regulating and overseeing the provision, use, and exchange of virtual assets in and from the emirate of Dubai.

MultiBank Group’s USP lies in its extensive regulation, high leverage, and commitment to transparency and user safety, ensuring clients can venture into the crypto space with confidence.

Social Trading And More

The social trading feature allows traders to invest smartly as traders can copy the trading strategy of a profitable, consistent, and active trader.

Crypto newbies can mimic the trades of skilled traders, learn how to trade, and benefit from their success. Meanwhile, experienced traders earn additional revenue by having followers on their platform, who replicate their trading strategy.

Currently, since the crypto exchange is relatively new, the team is using an SSO perspective for MultiBankFX clients to easily move from MultiBankFX to MultiBank.io using the same credentials, including an element of compliance.


Conclusion

MultiBank.io is MultiBank’s first foray into cryptocurrency and blockchain for the future of finance. Although there are questions over safety for digital currency investors, the platform resolves part of these issues as its parent entity is closely supervised by financial regulators worldwide across various jurisdictions.

The post MultiBank.io: A Cryptocurrency Exchange that puts Regulation first appeared first on Blockonomi.

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