A cryptocurrency gateway is a solution that enables cryptocurrency trading. Generally speaking it is the same as a liquidity bridge plugin. It allows traders to execute their orders through a broker account on the crypto exchange and confirms the execution price. It routes the crypto exchanges price feed to the broker’s server.
Essentially, a cryptocurrency gateway allows traders to buy, sell, and exchange cryptocurrencies using traditional fiat currencies, such as the US dollar or euro.
In order to enable cryptocurrency trading on Binance, Bitfinex, Okcoin and other popular crypto exchanges on the Metatrader platform, forex brokers can use Takeprofit Liquidity Bridge plugin, which acts like a cryptocurrency gateway.
Get a free trial of cryptocurrency gateway by Takeprofit
Key Features of Cryptocurrency Gateway from Takeprofit
Risk management
The cryptocurrency gateway from Takeprofit offers a variety of options that can help to enhance a broker’s risk management. They include:
- the best bid/ask aggregation engine without margin control
- high load resistance: up to 1500 quotes per second and tick-to-trade latency of less than 30 ms under light load
- real-time server and bridge health monitoring system, integrated with our technical support desk
- slippage control for SL/TP and Limit orders
- auto-detection and reporting of incorrect group settings.
Extensive rule-setting options
Our cryptocurrency gateway has a configuration program where you can set markups, slippage and delays. Your traders see the prices via a market watch, which already includes the markups.
Extensive aggregation opportunities
The cryptocurrency gateway supports the best bid and ask aggregation and offers complex hedging strategies.
We can connect you to any new crypto exchange that are not on our list yet — for free.
24/7 support
During working hours we provide our clients with email and Telegram support, with a response time of 20 minutes. We also offer a 24/7 hotline, where the maximum response time is 7 minutes.
Why Crypto? Reference Information
Forex brokers are increasingly interested in offering cryptocurrency trading services to their clients. This is because cryptocurrencies are becoming more mainstream. According to CoinMarketCap, the total market capitalization of cryptocurrencies exceeded $2.5 trillion as of March 2023. According to a report by Cambridge University, the number of cryptocurrency users has grown from approximately 3 million in 2015 to over 200 million in 2021. So, traders see crypto as a valuable addition to their investment portfolios
One of the main advantages of using a cryptocurrency gateway is that it allows for faster and more efficient transactions. This is because cryptocurrencies are decentralized and operate on a peer-to-peer network, which means that crypto transactions can be processed much more quickly than traditional financial transactions.
Another advantage of using a cryptocurrency gateway is that it allows for greater anonymity and privacy. While traditional financial transactions are often subject to government regulations and oversight, cryptocurrencies offer a degree of anonymity and privacy that many traders find attractive.
In addition to these advantages, using a cryptocurrency gateway can also provide greater security for traders. Cryptocurrencies are secured using complex cryptographic algorithms, which makes them virtually impossible to counterfeit or hack.
However, there are also some risks associated with using a cryptocurrency gateway. One of the main risks is the volatility of cryptocurrencies, which means that their value may fluctuate rapidly and unpredictably. This can result in significant losses for traders who are not familiar with the risks associated with cryptocurrency trading.
Despite this risk, many forex brokers are still interested in offering cryptocurrency trading to their clients. By partnering with reliable and secure cryptocurrency gateway providers, forex brokers can provide their clients with access to the exciting and potentially profitable world of cryptocurrency trading.
