Major Japanese online securities firm Monex Securities is the first Japanese firm to offer a cryptocurrency CFD.
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20 Total shares Monex Securities, a major Japanese online securities company, launched a cryptocurrency contract-for-difference service today.This marks the first time that a major online Japanese securities company has offered a crypto CFD.
A CFD is a type of derivative in which the “buyer” of the contract pays the “seller” the difference between the current price of an asset and the price of that asset at a future date stipulated in the contract.
According to a Monex announcement on July 8, the CFD is available for Bitcoin (BTC)/yen, Ether (ETH)/yen, XRP/yen, and Bitcoin Cash (BCH)/yen trading pairs.The leverage rate limit is 2x.
Speaking to Cointelegraph, Monex said they would consider adding new coins after considering “demand, liquidity risks, price fluctuations risk and crypto blockchain network risk.”
Monex Securities’ parent company, Monex Group, also runs Coincheck, one of the biggest cryptocurrency exchanges in Japan.
On May 1, the Japanese government enforced the revised Financial Instruments and Exchange Law (FIEL).According to this new law, every business involved in offering crypto derivatives trading is required to be registered as a Financial Instrument Business.Monex Securities will offer the new crypto derivative service as a financial instrument regulated by the FIEL.Share this: Ethereum’s Proposed Hard Fork ‘Muir Glacier’ Would Delay Impending Ice Age Ethereum developers have proposed a hard fork, named Muir Glacier, that should address the impending Ice Age, which could cause a significant slowdown on the Ethereum mainnet.In an Ethereum improvement proposal at the end of November, Ethereum developer James Hancock wrote that the proposed Ethereum Muir Glacier hard fork would push back the mechanism, known… Crypto and Blockchain News From Brazil: Oct.6–12 in Review The story of Brazil’s crypto scams took a new twist over the past week as CEO of an alleged pyramid scheme reportedly fled the country after rejecting court deadlines.Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.Banco Original sponsors a crypto-related eventBrazil’s Banco Original was the… YouTube Bans and Restores Crypto Crow Within Days Jason Appleton, also known as Crypto Crow, was recently banned from YouTube only to have his channel restored shortly thereafter.
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