Eightcap Launches Impressive Award-Winning Crypto Derivatives Offering with Ultra-Low Spreads

Eightcap, a multi-award-winning CFD broker, has announced the introduction of over 250 Cryptocurrency derivatives on the MT4 and MT5 platforms, allowing clients to diversify their crypto portfolio. The firm is positioning itself as the new home of crypto derivatives with this new launch.

Not only has Eightcap’s latest crypto launch outperformed what other derivatives providers are presently offering, but the broker was also named Best Crypto Broker at the AtoZ Markets annual awards 2021, beating out competitors like Robinhood.

The introduction was a long-awaited response to the existing difficulties that crypto derivative traders encounter on exchanges and brokers. For example, due to regulatory difficulties, withdrawal limits have been reduced, making it difficult for crypto derivative traders to retrieve their assets. Clients will be able to purchase and sell a variety of Cryptocurrency CFDs, including crypto-crosses and crypto indices, using Eightcap. Clients will have access to a variety of funding choices as well as the ability to make quick withdrawals.

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“At Eightcap, our aim is to give a new home for Crypto derivative traders by delivering an unrivaled offering that includes the world’s largest crypto derivative library, ultra-low spreads, and quick withdrawal alternatives,” stated Joel Murphy, CEO of Eightcap. “Because of the regulatory problems that crypto exchanges like Binance are having, traders are left with unneeded concerns regarding their funds and whether or not they will be able to withdraw them.” From the moment they establish an account to the time they wish to withdraw their cash, Crypto derivative traders may have a smooth experience with us.”

The broker’s relatively low spreads on over 250+ crypto futures make this offering even more appealing. Crypto derivative traders, for example, can begin trading Bitcoin at 12 pence per coin, Ether at 0.45 pence per coin, Cardano at 0.004 pence per coin, and Dogecoin at 0.0002 pence per coin.

“The Eightcap product focuses entirely on establishing regulated leveraged derivative trading possibilities for Cryptocurrency traders, which offers more security than typical offshore exchange platforms,” said Marcus Fetherston, Director of Operations at Eightcap. We’re ecstatic to offer a service that caters to the demands of crypto derivative traders, allowing them to have the greatest trading experience possible.”

ABOUT EIGHTCAP

Eightcap is an Australian online financial trading firm located in Melbourne. The Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC), and the Bahamas Securities Commission are all regulating Eightcap (SCB). The fast-growing firm offers award-winning MT4 and MT5 trading platforms for online Forex and CFD trading. Eightcap provides individual and institutional clients with trading in the Forex, Indices, Commodities, and Shares markets, with competitive pricing, excellent client service, and exceptional execution technology.

Margin trading has considerable risks, including the possibility of losing your whole initial investment. The underlying assets are likewise not yours to possess or have any rights over. Margin trading is not appropriate for all investors, so please make sure you understand the risks, get independent advice if necessary, and read the applicable legal paperwork (available on our website) before proceeding.

PLAY GAMES, EARN CRYPTO – BLOCKCHAIN GAMING

In the previous decade, gaming has been one of the most competitive and hypercharged businesses. A business, like bitcoin, is so alive that there is always a new trend to jump on. To avoid the continual FOMO trends, a few stakeholders have taken it a step further and integrated blockchain technology into the gaming business.

What exactly does this imply?

Soon, you could be able to make money from all of your video gaming time! Yes, there’s a good chance your next major buy will be backed by something you bought from a video game.

How do you do it?

Blockchain gaming is the answer. Users may now earn bitcoin while playing video games thanks to blockchain gaming. The gaming industry is expected to be fundamentally transformed by blockchain technology. This transition will have an influence on how video games are produced and maintained, as well as the user experience they provide.

If you, too, are a video game fanatic or have a lot of free time and want to make the most of it. This is the article for you. Come along with us.

WHAT IS BLOCKCHAIN GAMING ?

Before delving into what blockchain gaming entails, it’s critical to first grasp what a blockchain is. Even though the term is self-explanatory, envision a train track for the sake of clarification. Each of the wooden sleepers on the platform represents a block. A blockchain is a network of data blocks, similar to how a train track is made up of wooden sleepers. No one can tamper with the data in this chain since it is totally transparent to all of its users. You’d have to work on the entire chain to remove one block.

Players in a blockchain-based game might possess a fixed amount of items, which would be recorded in a shared ledger. These may be NFTs or non-fungible tokens.

Their ownership of assets will be altered like never before with the arrival of blockchain gaming. Players who are accustomed to owning assets that are inextricably linked to the game may now take them with them outside of it! This has resulted in some interesting changes in the sector. To put it another way, players may now store gaming stuff outside of the game and transmit anything to anybody. They don’t have to sprint, dance, or leap through fires to complete basic transactions.

ADVANTAGES OF BLOCKCHAIN GAMING

# Enhancement In Gaming Experience

The gaming business is quite international. It involves a million people and businesses. Integration with payment gateways at a high cost is an issue we should have solved long ago for such a large business. Such additional expenditures may be effectively removed with the use of blockchain technology in gaming. Not only does this make gaming more affordable, but it also improves the entire user experience.

# Enhancement In Gaming Security

From harmful cyberattacks to phishing efforts, the gaming industry has always been plagued by fraudulent practices and illegal actions. It is, without a doubt, one of the industry’s most urgent issues.

This comes as no surprise. Because online gaming generates a lot of money, it’s one of the most popular targets for hackers. These crimes can range from identity theft to account hacking and even the creation of false virtual assets. Players are constantly worried about getting scammed. Due to the blockchain’s integration, such illegal acts can be put on hold because the assets would be stored on the blockchain, which no one can alter.

# Decentralised Ownership

The ownership of virtual assets has sparked a number of cold wars between creators and users in the gaming industry. With the introduction of blockchain gaming, a revolution might be on the horizon.

Many believe that it is the players that spend hours upon hours on games that shape them into what they are. So it’ll be a relief for them to finally be able to possess the goods they won throughout their gaming session. The assets will be immutable owing to the blockchain’s characteristics.

To Get You Started, Here Are Some Promising Blockchain Gaming Options

1.Spinterlands

Spinterlands is a deck-building game with collectible cards. It gives its users incentives in the form of NFT and bitcoin.

The game currently has the highest number of documented users for a blockchain-based game. There are 283,950 users on a daily basis. This number of users is much larger than that stated by most of the country’s exchange platforms.

2. Axie Infinity

In August 2021, Axis Infinity, a trade and combat game, claimed a one million user increase. It now serves more than 33 times the 30,000 customers it did in April. Axis is a game that allows users to breed, trade, nurture, and combat Axies. The game’s users are rewarded with AXS, Ethereum-based money.

What Does the Future of Blockchain Gaming Hold?

Several businesses utilize gaming as a reliable predictor of trends, consumer spending, and even technology. With the incorporation of blockchain into gaming, huge sums of real money are now on the line, and this might be a harbinger of things to come. Yes, these advancements are still entwined with the virtual gaming world, making it an ideal environment in which to test the first widespread use of blockchain.

But now that our virtual and actual worlds are colliding, gaming will be the place to be. Who knows where we’ll end up next?

US Senators introduced legislation Requiring the Treasury Department to report on Global Use Of cryptocurrency

Two senators from the United States have presented a bipartisan measure to improve bitcoin supervision. The measure mandates that the Treasury Secretary provide a report to Congress on cryptocurrencies and their worldwide competitiveness, including how other nations use and mine them, as well as their implications for supply chains.

A new bill has been introduced to improve global oversight of cryptocurrency and its uses

Senators Maggie Hassan and Joni Ernst, both members of the Senate Homeland Security and Governmental Affairs Committee, presented bitcoin legislation on Monday.

“Force the finance minister to present a report to Congress on virtual currencies and global competitiveness,” the measure said. This bipartisan bill intends to “increase supervision of cryptocurrencies,” including “mining activities in other nations,” according to the senators.

Senator Hassan went on to say:

“The bill would require the Treasury Department to submit a report to Congress on virtual currencies and their use around the world, including how other countries are using and mining cryptocurrencies, as well as how cryptocurrency mining operations are affecting supply chains, including critical technologies such as semiconductors.”

The Attorney General, the Board of Governors of the Federal Reserve System, and other relevant government agencies will be consulted for the Treasury Secretary’s report. It must be presented no later than two years after the measure is signed into law.

Senator Hassan called on several government agencies, including the Treasury Department, to address illegal uses of cryptocurrencies, such as cyberattacks, earlier this month. Senator Janet Yellen urged for action against unlawful cryptocurrency use during her confirmation hearing for Treasury Secretary.

Senator Hassan made the following remark:

To improve the United States competitiveness, our government has to have a greater understanding of the role of cryptocurrencies in the global economy and how it is being used by other countries.

She stated,

“I’m pleased to work across the aisle with Senator Ernst to ensure that the Treasury Department remains on top of the usage of cryptocurrencies, particularly how it may influence our supply chains.”

The bill is available here.