Post
Topic
Board Trading Discussion
Re: List of Offshore Forex Crypto Brokers ( US & Canada Clients Friendly; Non ESMA)
by
RobertCollins
on 20/09/2018, 11:25:43 UTC
@robert i just checked that link. Seems good one. But what actually is the deal with digital contracts? I mean i am aware of digital assets but still a newbie. I will appreciate if you care to elaborate what digital contracts are and how this broker is using it to make a difference?

Basically a digital contract is a way to bind the cryptocurrency and fiat together taking benefits from both the segments. Since crypto being a highly volatile market, it is advisable to hedge it against the fiat currencies which are relatively more stable. And this way the traders can have more liquidity, much tighter spreads and arbitrage opportunities. So Coinexx is actually making that happen for the traders by cross pairing fiat and crypto instruments and offering pairs like BTC/USD, BTC/EUR, BTC/JPY.