Brokerage. Blockchain. Buzz.

Welcome, find all things buzzing on board at Broctagon’s blog! Here you’ll find the latest in blockchain news, exciting event highlights, insightful thought leadership in forex and crypto, and more. Be the first to know all about our  events and most innovative tech updates – all in one space.

In this first episode of the CryptoNow podcast, we link up with Hodlnaut to discuss the current state of the cryptocurrency markets, including its security, perspectives, and regulatory expectations.

Tokenize Xchange, a Singapore-based digital exchange platform , is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Hong Qi Yu, Founder and CEO of Tokenize Xchange, said: “As a digital asset fiat-on/off ramp, Tokenize aims to provide frictionless access to digital assets through the best user experience and a wide range of product offerings. We enable users to trade on an orderbook in their countries’ respective currencies while providing them competitive fees and spreads, low slippage and seamless settlements. We are excited to be part of the WorldBook initiative to contribute to greater standardisation within the crypto ecosystem."   Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Tokenize Xchange’s participation on the WorldBook network, saying: “Tokenize’s experience in digital assets goes beyond its functionalities as a digital assets platform. With yield models of up to 8.3% APY on Bitcoin & Ethereum, they have grown beyond the traditional exchange model and are now branching into the field of custody. We are honoured by their participation in our movement, and anticipate further collaborations to come.” About Tokenize XchangeTokenize Xchange is a Singapore-headquartered digital exchange platform that allows the trading of digital assets in a safe and secure environment with competitive fees. The platform currently allows the trading of over 60 cryptocurrencies and is one of the few platforms that is available in Singapore that allows users to buy cryptocurrencies via an orderbook exchange in Singapore dollars. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Tokenize Xchange, visit:Website: Instagram: Twitter: Linkedin: YouTube:  To find out more about or to join the NEXUS WorldBook, visit:Website: Facebook: LinkedIn: Twitter: Instagram: YouTube: 

Investing is about managing risks to reap rewards but everyone has different ideas about how to get there and just how much they are willing to gamble on reaching their wealth goals, says Broctagon Fintech Group's CEO Don Guo.

In this latest update, we have added some new functions into the IB Portal, as well as focused on several quality-of-life upgrades for data management.

GokuMarket is a European-licensed crypto wallet, exchange and marketplace provider, known as the one marketplace for the blockchain economy.

Hi friend, 2021 is the year of creation and innovation as the world bounces back from the 2020 pandemic year with Fintech investments totaling $91.5 billion, nearly doubling last year’s record. Being at the industry forefront, we’ve witnessed many exciting new trends, particularly in the cryptocurrency space. Cryptocurrencies have gone mainstream in 2021 with unprecedented institutional participation, media reports and even celebrity endorsements. Relatively unheard of until this year, NFTs have become the talk of the town with billions worth in transactions and 2021 going down in history as the year of the NFT boom, for now at least. As a crypto and blockchain solution provider, it is critical that we evolve dynamically with the industry. Together with the industry's immense growth this year, we have introduced many new products in anticipation of new needs, and we are excited to see how 2022 brings further transformation and opportunities. Here are some of our 2021 milestones: A Universal Crypto Liquidity Standard NEXUS WorldBook While crypto trading has gained massive traction in 2021, crypto liquidity remains highly fragmented with significant price disparities across venues. The lack of an industry wide infrastructure, limiting interoperable technology and exchanges operating in silo within their respective orderbooks makes a difficult landscape for institutions to transverse. For the industry to mature and enable greater institutional participation, it is imperative to first establish a universal crypto liquidity standard with a technology architecture that allows aggregation and multilateral liquidity flow. That was the inspiration behind NEXUS WorldBook™, a liquidity pool that now allows connected exchanges access to 85% of the crypto market. With its launch this year, we are humbled that the NEXUS WorldBook™ has garnered many reputable pioneering members who believe a unified liquidity standard is the way forward. Amongst the ranks of the WorldBook now are exchanges like Huobi,, as well as FCA-regulated exchange Archax. We also welcomed RegTech giants such as Elliptic, and even blockchain data platforms like Chainalysis as part of our community. Become A WorldBook™ Member - For Crypto Exchanges - Schedule NEXUS 2.0 Liquidity Demo A SaaS CRM For Modern Brokers AXIS 3.0 Against the backdrop of rapidly-evolving financial markets where trading of digital assets derivatives are quickly becoming mainstream, there is a growing need for a powerful, modular brokerage CRM that meets the sophisticated needs of these new financial instruments. The AXIS 3.0 CRM is built to support both the trading of crypto CFDs and deposit of digital assets, allowing brokers to fully capitalize on growing market demand. Coupled with a dynamic Introducing Broker (IB) module at its core, AXIS offers a multi-tiered commission system that primes brokers for market expansion with its wide range of configurable commission schemes and real-time distribution capabilities. With a turnkey deployment of just 1 business day for a fully branded CRM prebuilt with more than ten languages, the AXIS 3.0 CRM enables the flexibility of full customization within the cost efficiencies of a SaaS Model. Read more about AXIS 3.0 CRM here. See here for AXIS 3.0 CRM's latest update log. Schedule an AXIS 3.0 demo An Institutional Liquidity Provider for Asian Markets Broctagon Prime Markets This year, we launched Broctagon Prime Markets (BPM) to offer regulated bank-grade FX liquidity to a growing Asian market. Licensed under the Labuan Financial Services Authority (Labuan FSA), we deliver tailored and holistic trading solutions with access to over 100+ financial instruments. Beyond FX, commodities and securities, we pride ourselves in having one of the industry’s most competitive and widest range of Crypto CFD offerings. Leveraging on our proprietary NEXUS technology, we provider razor-thin spreads, 24/7 seamless trading and zero commissions. In light of burgeoning global demand for digital assets trading, our robust conditions and institutional-grade support empower brokers to ride the latest trading trends as the industry ushers in a new age of digital finance. Request for a Demo Account A Blockchain Solution for any Business Broctagon's Internet of Value Suite The Broctagon Internet of Value (IoV) is an enterprise blockchain solutions suite for businesses that is non-disruptive to their current infrastructure and operations. The bespoke solutions enables both end-to-end development as well as experimental implementation, allowing business to put a specific segment of their operations on chain. Encompassing a diverse gamut of blockchain solutions from smart city infrastructure and smart contract deployment, to a Tokenization As A Service (TaaS) platform and NFT marketplace white label solutions, we provide counsel, expertise, and the technology to help businesses participate in a decentralized future with minimal inertia. We were honored to be the technological partner behind the world’s first government-approved gold backed token, GoldGo, supported by the Securities and Exchange Commission (SEC), Thailand. Schedule a Free Consultation A Rising Prominence Media Features 2021 marks two years since Broctagon’s shift of headquarters to the sunny island of Singapore and we have been extremely lucky to experience the island nation’s growth from a fintech hub at the crossroads of the world, to now, a reputed crypto hub with strong regulatory oversight. From speaking at key events to having our work featured in media outlets, publications, and associated platforms, we are thankful that we were able to gain the attention of both regional and global media in the process. Some examples include: Broctagon's Feature in Straits Times: Investor Tales — Rise of cryptocurrencies pays off for some Radio Interview on MoneyFM 89.3’s Soul of Business: Women Leadership and Trends in FinTech Broctagon Participates in Connecting Digital Ecosystems (CoDE) Asia 2021 Broctagon's Feature in The Asset: Crypto held back by lack of liquidity, interoperability For a chronological take on Broctagon's journey in 2021, please see the Broctagon Blog where we share all our media features, partnerships, thought articles, and highlights for the year. Read Our Journey A Glimpse of 2022 The Road Ahead The pandemic may have hampered our plans for travel, but we have taken this time to hone our edge and to bring forth new things in store. One endeavor that stands out in particular is the Exchange-of-Exchange (EoE), which is a Prime-of-Prime offering made for crypto exchanges.  Exchanges now independently connect with separate exchanges for their liquidity needs. This approach is fundamentally very resource-intensive and time-consuming. With the EoE, exchanges can access aggregated liquidity which translates to reduced margin requirements and counterparty risks. One other noteworthy pursuit is our 2022 roadmap for AXIS 3.0. With foreseeable increase in demand, we plan to automate our onboarding process, making it a truly seamless, one-stop experience for all MT4/MT5 brokers. With much more in the pipeline, do stay tuned to the monthly Broctagon Buzz for the latest updates! We Are Hiring! Our Continued Search for Talent With many plans in motion and many more groundbreaking projects to come in 2022, there is undoubtedly a greater need for talents as we continue to expand across the globe. If like us, you too are excited about how technology can redefine financial markets and crave to have a hand in shaping this industry, Broctagon welcomes you. Check out our career opportunities below, and let's make a meaningful impact in shaping the fintech industry together. Join the Broctagon Team Epilogue Without a doubt, this is already beginning to look like a very busy year. These goals won't be easy to achieve, but I'm certain we will get there - as we have done for our objectives in the past. If this journey has taught me anything about an overarching theme to our progress, it's that we value consistency, quality, and bottom-up dynamism. At the heart of all we do is the Broctagon creed. Tempered in our fervor for helping businesses succeed, it still rings true today: We've got your back, bro.

In this latest update, we continue paying attention to improving the user experience of IB, Traders, and Admin. Traders and IBs can now access CRM and their referrers more easily. Admin now have greater access to rebate model settings and manager data. Data Management Administrators can now can delete trading accounts directly from the CRM. This will make it easier to manage trading accounts for brokers. Do note that by doing so, the binding between clients and trading account will also be deleted as well. Administrators can now directly edit client's KYC information without submitting a request to higher-leveled Administrators. This will enhance the KYC process and allow for a more flexible response should there be any changes to a client's documentation during the process. KYC requests that are in "Pending" status, however, cannot be modified - they can only be approved or rejected. Floating profit and loss are now displayed on the trading account list and trading account details page. Brokers will be able to directly see and segment their clients based on their profit/loss status. Instead of all being featured on one page, clients are now listed into pages, allowing client data to be more efficiently handled. Brokers can sort their clients into quantities most suitable for analysis and management. The Comprehensive Account Report now features the total amount of initial funds and current funds. Brokers will now be able to see at a glance these amounts using pre-determined currency units such as USC and USD. Commissions Settings A new field for trading accounts, [Rebate], has now been created to cater to an increasing demand by brokers that do not want to pay out commissions for certain trading accounts. This will allow for greater flexibility when handling trading accounts meant for events, marketing, or documentation purposes. [Rebate]'s field value is set to yes by default. If [Rebate] field value is yes, commission will rebated accordingly Conversely, If [Rebate] field value is no, commission will not be rebated Client's ID and rebate account number are now displayed when the cursor hovers over any client on the flexible rule details page. This will save brokers time as they will no longer need to open up each client's details manually to check their information. Referral Program A new field, [Referrer Code], has now been added to cater to an increase in demand from brokers to customize and edit client IDs. With this new field, codes will automatically be applied into their respective promotion links. To ensure optimal coverage for both existing and new clients, existing clients' IDs will be applied into the [Referrer Code] field based on their historical data. Promotional links can now support multiple domain names. Brokers can now use different domain names for different markets - this will make tracking the effectiveness of campaigns much more streamlined. General One administrator account now supports multiple logins, either from different computers or different browsers at the same time. This implementation will make it more convenient for a team of administrators to manage client information. Added a mail template control switch. Templates can now be better managed as  disabled email templates can no longer be triggered, preventing them from being sent to clients. Learn More About AXIS CRM

In this latest update, we have enhanced the modular design of permissions management as well as registration flow.

Instantly add popular altcoins like Decentraland (MANA), The Sandbox (SAND), Gala (GALA), Axie Infinity (AXS), Enjin (ENJ) to your exchange today

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Broctagon participated in this year's Finance Magnates London Summit. Hot on the heels of our attendance in the iFX International Expo 2021, this year's event was held in-person during the period of 16-17 November 2021 at London, Old Billingsgate. Broctagon’s CEO Don Guo was present in London to speak directly with our clients and partners at the event. As a global provider of multi-asset trading news, research, and events, Finance Magnates' London Summit this year continues to be one of the largest events that is held in the financial industry. Crypto as the Latest Topic With its growing dominance within financial institutions, the discussion of crypto was embedded within the fabric of the event. In light of growing crypto adoption by institutions, we had many discussions with exchanges and even traditional brokers about NEXUS 2.0, our spot crypto liquidity hub. By aggregating liquidity representing 85% of the crypto market complete with best bid/ask price discovery that is executable via Smart Order Routing (SOR). NEXUS 2.0 allows corporations and institutions to purchase cryptocurrencies from the best sources. For exchanges, this translates to global liquidity beyond the confines of a local order book, resulting in enhanced market depth and instant access to more than 1000 crypto pairs, including the latest trending tokens. With the rising popularity of the metaverse and tokens poised to make an impact such as Decentraland (MANA), The Sandbox (SAND), Star Atlas (ATLAS), Axie Infinity (AXS), Enjin (ENJ), access to NEXUS 2.0 will allow exchanges to capitalize on the latest trading wave. Enhanced Crypto CFD Offerings Beyond spot crypto, the conversations surrounding brokers were on crypto derivatives, especially in the form of crypto CFDS. As one of the pioneers of Crypto CFD and together with NEXUS 2.0, Broctagon is able to price major crypto CFDs with ultra-competitive spreads: BTC/USD spreads starting from $30 USD ETH/USD spreads starting from $2.5 USD New Opportunities We would like to thank our clients, partners, and peers that have made the effort to schedule and meet with us during the event. We are happy to call it a great success and look forward to seeing you again at our next event!

Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.

Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.

BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.

“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.

“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple.

Singapore, September 14, 2021: Fintech solutions provider, Broctagon Fintech Group, today launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry. WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework. Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within their orderbook, limiting their offerings and therefore prices to the participants within. The eponymous WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow. Instead of being confined to local orderbooks which may represent less than 1% of the total industry, exchanges now gain access to 85% of the market. This is made possible by the NEXUS 2.0 aggregator, the driving engine that powers the WorldBook with SOR (Smart Order Routing), which allows for global price discovery and best bid and offer. Don Guo, CEO of Broctagon Fintech Group “Despite the gaining acceptance of crypto, it remains a “wild west” with no dominant technology or standard in which it operates. With the WorldBook’s price aggregation, we found that bitcoin had an average negative spread of USD$10, even amongst the major exchanges. This means that with over USD$15.5 trillion in trading volume over the past year, traders could have saved USD$5.7 billion in spreads and this is for bitcoin alone, which is already the most efficient and liquid digital asset. The price disparity could only be worse for the thousands of altcoins across many smaller exchanges.” said Don Guo, Co-Founder and CEO, Broctagon Fintech Group highlighting the issues. “We engineered the WorldBook infrastructure taking a page from the fundamentals of FX interbank liquidity. With our experience as a regulated FX liquidity provider, we believe the Prime of Prime (PoP) model has the potential to disrupt the industry and increase crypto trading volumes by more than 400% in the near future.” The WorldBook is part of Broctagon’s commitment to propel the crypto industry towards regulatory compliance, adoption, and maturity. As Singapore looks to be a poster child for the crypto industry with its welcoming policies, the homegrown fintech company seeks to support this national agenda. Exchanges are welcome to connect to the WorldBook for free. The advantages for exchanges include an evident increase in volumes and a decrease in bid-ask spread amongst others. For example, the BTSE exchange experienced an eight-fold increase in trading volume, surpassing 10,000 trades across six crypto pairs within the first month. “Liquidity challenges exist for newer and established exchanges alike. The former requires extensive capital for marketing to capture enough users for a liquid orderbook while the latter often pay hefty fees for external market maker services to drive profitability. The WorldBook is a solution for both. With universal prices and unprecedented depth, exchanges can focus on other aspects of the business to bring further value to their clients.” said Don. Shadab Taiyabi, President of Singapore FinTech Association “We congratulate Broctagon, which is one of our active members, on their launch of the WorldBook. The growth of our FinTech ecosystem is a collective effort of all members of the community, fintech and financial institutions alike,” said Shadab Taiyabi, President of Singapore FinTech Association, a cross-industry non-profit initiative recognised by the Monetary Authority of Singapore. Globally, crypto exchanges that are not within the top 3 percentile account for only less than 10% of total trading volume, according to data derived from CoinGecko. With its symmetrical flow of liquidity, the WorldBook levels the playing field for newer exchanges to contend and explore new frontiers, driving growth for the entire industry at large. “We recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we shall support them as they look to introduce cohesive standards for the entire industry and elicit greater public adoption of cryptocurrency,” said Weber Woo, CEO, XT Exchange, the first digital asset social trading platform with close to half a million active monthly traders. Beyond a liquidity network, the Worldbook is also an open initiative to forge greater collaboration amongst industry peers old and new, to create a digital asset landscape primed for multifaceted participation. Amongst its pioneering members are Huobi Group, FCA-regulated Archax, BitKub, as well as RegTech companies such as Horangi and Cypnopsis as well as Defi and blockchain firms like Hodlnaut and Bholdus amongst many others. Those who want to be members may visit to indicate interest. Alternatively, they can reach out to the WorldBook through its Telegram ( or drop the WorldBook an email at [email protected]

ParallelChain, an award-winning blockchain wallet solution provider, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ian Huang, Founder and CEO of ParallelChain, said: “The DeFi and crypto space is reshaping the financial system. Due to these distinctive characteristics, DeFi community and traditional enterprises are facing big challenges as they become more intertwined. We need to create an environment that enables seamless access between the two, one that understands their respective needs and values — this is at the heart of what we do at ParallelChain. In support of the WorldBook initiative, ParallelChain will bring the much-needed stability, accountability and privacy protection for the institutional adoption of crypto.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on ParallelChain’s participation on the WorldBook network, saying: “More than just a wallet solution, ParallelChain’s cross-functional utility can even cover KYC, data security, and supply chain solutions. Through their understanding of scalability, latency and security — all important issues surrounding blockchain technology, the WorldBook will gain a greater perspective of how blockchain can be employed in various use cases.” About ParallelChainParallelChain is a layer-1 project that brings accountability to the public blockchain and crypto sector. Comprised of public and private networks, ParallelChain creates an ecosystem where enterprises and the crypto community can enjoy seamless access to each other’s markets and value-adding interaction. It provides the necessary backbone infrastructure as this new fusion economy takes shape. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about ParallelChain, visit: Website: To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook:

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Broctagon has developed Cryptography as a Service, with a suite of solutions specifically designed to give clients the best of both worlds – the efficiencies of blockchain technology with the assurance of data privacy.

NEXUS 2.0's latest update covers upgraded features including an all-new monitoring system, LMS enhancements and randomized volume scaling.

Brokerages in Asia will now have a wider variety of trading platforms made available with Broctagon's Spotware partnership to offer the cTrader Platform.

Broctagon Fintech Group, a liquidity and technology provider to the brokerage industry, has partnered with Spotware, thus becoming a specialist provider of cTrader White Labels.

Brokerages with Broctagon's AXIS CRM can now reward their traders better with an improved, highly-configurable system for new client acquisition.

Broctagon has launched NEXUS' Native Altcoin Liquidity Management, allowing exchanges to regulate the demand and supply of their native altcoins.

Singapore-based Broctagon Fintech Group has upgraded its NEXUS 2.0 liquidity aggregator technology, with the launch of Native Altcoin Liquidity Management.

Brokerages with AXIS can now bring greater convenience and flexibility to their traders experience on the platform, now with the added capability to accept over 40+ cryptocurrency deposit types.

Covid 19 has heavily impacted the the crypto markets within the past few months. Learn how to hypercharge your exchange liquidity during the bearish run.

Investing is about managing risks to reap rewards but everyone has different ideas about how to get there and just how much they are willing to gamble on reaching their wealth goals, says Broctagon Fintech Group's CEO Don Guo.

The main thing that puzzles most non-crypto fanatics is, why would anyone pay for high value NFTs when in this digital age, anything can be watched, copied or downloaded for free?

Owing to the country’s friendly regulatory environment with respect to financial markets, and fintech and blockchain within it, various other global cryptocurrency groups are expanding their presence in Singapore.

Non-Fungible Tokens (NFT) can help artists in a way by driving a change in how art is bought, sold, supported, enjoyed and created.

Today, social media platforms are a part of our everyday lives. We barely notice it, but millions of people around the world communicate, socialize, keep themselves updated with news, shop for products/services, and simply entertain themselves on social media. Every subject and trending issue can be seen on social media, and it is the fastest […]

One contributing factor to volatility is that the crypto markets have an abundance of whales – a term given to someone who holds a significant amount of a particular asset; someone who holds a minimum of 1,000 Bitcoin is considered to be a whale

Capturing memory has always been on a constant evolution, with people finding ways to make it more instant, accurate, and indestructible through the test of time and weather. NFTs as memories is the modern day's era of capturing memories, taking these aspects to a whole new level through blockchain technology.

What exactly is an NFT and why did one just sell for US $69 million dollars? What are NFTs and how they work explained.

The success of Bitcoin and Ethereum alone is not enough to make crypto mainstream. Exchanges must evolve to the next phase of maturity through sophisticated trading technology for altcoins.

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Since our last attendance at their virtual summit last year where we were awarded “Best Tailored Blockchain Solutions Provider”, we are excited to meet again in person our clients and future partners.

Broctagon participated in Labuan IBFC's CoDE Asia 2021 on Thursday, 21 October 2021. Growing into its third edition, CoDE Asia 2021 is themed "Future Forward: Next Gen Digital Ecosystems”. Representing Broctagon was Cecilia Chan, our Head of Liquidity (Asia) and Executive Director. With 22 years in the financial industry, Cecilia was the former Vice President at Singapore Exchange and a Senior Manager in Exchange & Regulatory relations at Hang Seng Indexes. On Recent Trends  Cecilia pointed out that within the digitalisation space, the most interesting aspect of digitalisation in recent times would be digital currencies issued by the central bank. As Decentralised Finance (DeFi) continues to grow, central banks want to be more involved in the process. Cecilia explained that we are more familiar with central bank money because it’s safe, liquid, and has integrity - given that context, central banks have to evolve to suit the digitalisation aspect of the economy. The Advantages of Digital Currencies  Cecilia shared that digital currency allows for better cross-border payments at a lower cost. This improves efficiency across borders, leading to faster settlements, making payment less of a hassle for retail and consumers.  The Future and the Now Cecelia expresses that here at Broctagon, we stay ahead of the game by trying to foresee what the market needs before the problem arises. As a tech solutions provider the specialises in Fintech, we are actuely aware of the issues that plague it, such as the problem of fragmented liquidity that the crypto market faces as a whole. Liquidity in crypto, for example, is concentrated in the top 3% of crypto exchanges, accounting for less than 25% of trading volume - not including the OTC desk and P2P aspects In light of this, we want to create awareness and inclusion of digital assets for mainstream adoption. AUM growth in crypto has tripled from 2020 to 2021, so we want to create solutions to cater to the institutional crowd and address liquidity as it continues to be a big problem in the institutional space.  Staying Relevant Cecilia explained that the beauty of DeFi is its ability to skip through all the intermediaries, allowing their users to go straight to the source without any intervention. Regulators know that DeFi will continue to evolve given this, and they are now starting to establish regulations in the DeFi space. As regulators, they are bound to keep in check investor and consumer interests and are unable to sit out this process as the welfare of their citizens are at stake.  While they explore this space, they are trying to navigate and create guidelines. Yet because the industry is so borderless, it is very difficult for them to work with one another. The lack of a single framework makes it more difficult for regulators to transverse the crypto landscape.

With a long history of uniting businesses in Europe, Asia and the Middle East, iFX EXPO International is the flagship show trusted by thousands of retail & institutional brokers, technology & liquidity providers, payment service providers, banks, affiliates & IBs, regulators & compliance as well as crypto and blockchain brands. Broctagon has been a veteran participant in this leading conference, which connects top-level executives in online trading, financial services and fintech from around the world. As the world gradually opens up after the covid disruptions, we are excited to meet our clients and future partners once again in Cyprus! Schedule a meetup with us at iFX Expo Cyprus to find out more about our CySEC-regulated liquidity offerings and how it can help you stay ahead of competition. As one of the first in the industry to offer Digital Asset CFDs alongside over 1,000 instruments including FX, Shares, Indices and Commodities with spreads from zero, we are confident to bring value to your brokerage. Our Liquidity Expert Andreas Charalambous, Director of Operations, Broctagon Prime SCHEDULE A MEETUP WITH US Margin and CFD Liquidity - For Brokers Our CySEC-regulated liquidity offerings encompasses over 1,000 instruments with spreads starting from zero. Forex Shares Indices Metals Commodities Digital Assets VIEW LIVE QUOTES Spot Crypto Liquidity - For Exchanges Stream the aggregated orderbooks of top exchanges direct into your exchange with the NEXUS WorldBook™. Improve your liquidity instantly for over 350 crypto pairs. VIEW LIVE QUOTES As Featured On Our Liquidity Partners and more...! Experience for yourself how a partnership with Broctagon can bring value to your brokerage. Schedule a meetup with us at iFX Expo Cyprus now to find out more! SCHEDULE A MEETUP WITH US *Limited slots available

Teams from Singapore, China, Hong Kong, India and Thailand, gathered in the land of smiles as ‘One Company, One Family’ for the annual Broctagon retreat.

Broctagon Fintech Group had a strong entrance into the Middle Eastern market at The Forex Expo Dubai 2019, held recently from 2nd to 3rd Oct 2019 at Dubai, United Arab Emirates.

Broctagon was present at the recently-concluded Saigon Financial Education Summit (SFES), held at Ho Ch Minh City, Vietnam, on September 21st 2019.

Broctagon Fintech Group officially opened the doors to our new Singapore headquarters with much fanfare at our opening party on 24th July 2019, right in the heart of Asia’s financial hub.

Broctagon Fintech Group was awarded the title of "Best Cryptocurrency Liquidity Provider" at the WikiFX Kuala Lumpur Financial Summit 2019.

Broctagon Fintech Group was recently at the NEXTBLOCK Asia Conference held by Krypton Events in Bangkok, Thailand from 25th to 26 June.

What exactly is an NFT and why did one just sell for US $69 million dollars? What are NFTs and how they work explained.

With emerging technologies, STP is now made possible for crypto exchanges, adding on to the existing market making models. Let's examine how each model works and the role it plays.

Public, private, permissioned, Bitcoin, Ethereum protocols, and more – it might seem really daunting on how to choose the right blockchain for your business.

Many investors and traders are familiar with the idea of trading cryptocurrencies. While crypto spot trading has been more prevalent, crypto CFDs have also emerged with growing popularity.

Smart Order Routing (SOR) is an automated order processing mechanism, designed to take the best available opportunity across a variety of different trading platforms. 

As a brokerage, offering multi-asset classes to your clients can bring you competitve advantage over other brokerages. Here are 5 key reasons.

Being a key essential to any Crypto Exchange, it is important to know what exactly Crypto Exchange Liquidity is and its importance, as well as the factors affecting it and how it can be measured.

Kick-starting your very own crypto exchange made simple with Broctagon's comprehensive guide, with just 3 main steps you need to keep in mind.

This article was first published here on Forkast Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether. Ripple, the San Francisco-based blockchain payments company currently embroiled in a lawsuit with the U.S. Securities and Exchange Commission, this week announced that it would be launching Ripple Liquidity Hub, which will allow enterprises to access and source liquidity from the broader crypto market for a range of cryptocurrencies including XRP, Bitcoin and Ethereum at what Ripple says would be the best possible prices to their customers. Liquidity, or the ease that an asset can be bought or sold at a stable price on a given market, plays a critical role in trading, particularly in the cryptocurrency market. There are currently over 600 cryptocurrency exchanges — big and small — and traders sometimes experience large price spreads between different platforms, especially for altcoins. “Ripple Liquidity Hub is a game-changer for enterprises who want to offer their customers the ability to buy, sell or hold digital assets,” Asheesh Birla, general manager of RippleNet at Ripple told Forkast.News in an email. With Ripple Liquidity Hub — to be launched in 2022 — enterprise customers will be able to use an API connection to access digital assets from a variety of global sources, including market makers, exchanges, over-the-counter (OTC) desks and, in the future, decentralized venues. “To put things into perspective, you can think of Liquidity Hub as an aggregator for various liquidity venues and individual assets, the way that Google Flights is for airlines and flights,” Birla said. At launch, Ripple Liquidity Hub will support XRP, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC), with availability varying by jurisdiction. Ripple plans to add other tokenized assets like non-fungible tokens (NFTs) and capabilities like staking and yield generation in the future, Birla said. “The lack of liquidity is the biggest issue that the industry faces. Cryptocurrencies remain extremely volatile, holding back their widespread adoption. Moreover, the current crypto-liquidity landscape is not friendly towards traditional financial institutions,” Don Guo, co-founder and CEO of Singapore-based Broctagon Fintech Group told Forkast.News in an email. “This aspect has, for the most part, acted as a barrier-to-entry for mainstream institutions, and has kept crypto a ‘fringe’ investment.” “The liquidity hub by Ripple is geared towards enabling such enterprises to easily and efficiently source digital assets from the broader crypto market which is needed,” Guo added. Broctagon, for example, is also trying to provide the industry with greater liquidity by aggregating quotes from top-tier crypto exchanges and making them directly accessible to the smaller exchange, Guo said. “A concerted industry effort and cooperation are needed to take crypto to its next stage of evolution.” XRP, the native digital asset on the XRP Ledger, is currently the seventh-largest cryptocurrency with a market cap of US$56 billion. Whether or not XRP should be deemed a security is also the billion-dollar question in the lawsuit that SEC filed last December against Ripple, which is currently in the discovery phase in federal court in New York. Unprecedented growth of RippleNet ODL According to Ripple’s Q3 2021 XRP Markets Report, Ripple saw unprecedented growth of its On-Demand Liquidity (ODL) service, which facilitates cross-border payments by using XRP as a bridge between two currencies. ODL transactions increased 130% quarter over quarter and transaction volume on RippleNet more than doubled since 2020. The ODL service is available in over 20 markets including Japan and the Middle East that launched this year. “We have been using the Ripple Liquidity Hub technology internally as part of our On-Demand Liquidity (ODL) service for nearly two years, sourcing XRP on-demand to power millions of transactions, worth billions of dollars,” Birla said. “In fact, customers who have witnessed the benefits of ODL first hand asked if we could help them source other digital assets.” Enterprises will not be required, unlike many other offerings, to pre-fund accounts for Liquidity Hub and can receive access to working capital through Ripple. Ripple is partnering with Coinme, a licensed cryptocurrency cash network in the United States, as its first partner for the product. “We have seen strong demand for a product like this in the market after the massive year that crypto has had,” Birla said. “Banks, financial institutions, and SMEs realize the opportunity to integrate crypto into their business but they aren’t necessarily experts in this space and they need support offering their customers the ability to easily buy, sell, and hold crypto assets. Ripple’s latest announcement comes as it expands the use cases for the XRP Ledger technology beyond digital payments and remittances to central bank digital currencies (CBDCs), tokenization, decentralized finance (DeFi) and NFTs. “In the future, every customer will join RippleNet with the same base service and a wallet designed to support both crypto and fiat,” according to a Ripple media release. “Customers will be able to use their Ripple-enabled wallet to custody anything that’s tokenized.” Judge orders Ripple to produce audio and video recordings of company meetings For now, however, the company is battling the SEC in heated litigation. In a ruling this week, U.S. Magistrate Judge Sarah Netburn ordered Ripple to search for and produce relevant audio and video recordings of its internal employee meetings, including “all-hands” meetings, town hall meetings and fireside chats, which the SEC contends “contain undisputedly relevant evidence.” “Ripple’s search of its recorded meetings has been inadequate under the circumstances,” said Netburn in a ruling this week. “While the Court recognizes that a human review of the recordings may be unreasonable, a reasonable search could include automated transcriptions of records (similar to the common technology used to transcribe voicemail messages) and the use of search terms.” Ripple earlier called the SEC’s request “disproportionate” and maintained that it had conducted a comprehensive and reasonable search for recordings. But the SEC challenged Ripple’s search, saying it was lacking and argued that the recordings “may reveal efforts Ripple took to increase or maintain XRP’s price or to create expectations of profits in potential XRP purchasers, both of which are relevant… to prove whether XRP was offered and sold as a security.” As Ripple has said that it has more than 4,000 recordings, the judge has ordered the parties to meet to narrow down the list to time periods  that are most likely to contain information relevant to the lawsuit. 

Owing to the country’s friendly regulatory environment with respect to financial markets, and fintech and blockchain within it, various other global cryptocurrency groups are expanding their presence in Singapore.

Article first published here in The Straits Times SINGAPORE - When the pandemic hit last year and left Mr Ng Yu Jie stuck at home without a job, a seemingly improbable solution popped into his head - dabble in cryptocurrency to generate some income. Mr Ng's first step was to invest $350 in Ripple (XRP) on trading platform Torque when each unit cost about 20 US cents or 27 Singapore cents. The price rose steadily to 60 US cents: "My $350 became $1,000 so I cashed out," recalled 26-year-old Mr Ng, who has a diploma in mechanical engineering and used to work as a guide for pub crawlers. "I saw an opportunity for passive income. I felt that the prices were quite stable and I could get some money without having to work for it. The greed in me grew and I wanted to put in more to get more returns." Mr Ng, who spends eight hours a day reading news about cryptocurrencies and analysing the prices of digital coins, opened more trading accounts with Torque and increased his investments over time to about $10,000. Torque was then suddenly shut in February and he was unable to withdraw his crypto assets, which had appreciated to about $20,000. "I felt that I should really use crypto to recover what I lost in Torque," Mr Ng said. "So in June, I opened an account with Binance and started trading with $2,000." In three months, he made a profit of $10,000 from crypto trading. "I feel that my strategy works, unless there is a change to the regulation, like MAS (Monetary Authority of Singapore) banning more platforms for Singapore users. Then I may need to start looking for a job," said Mr Ng. "For now, crypto trading is my main source of income. If I stop, my income will stop too." Mr Don Guo, co-founder and chief executive of fintech solutions provider Broctagon Fintech Group, has a different take on cryptocurrencies. Mr Don Guo does not view cryptocurrency tokens as a viable short-term investment product.ST PHOTO: CHONG JUN LIANG; Mr Guo, 37, bought 300 Ether (ETH) at US$700 each in 2017 - an outlay of US$210,000. "Over time, I did liquidate some of them and bought into some other altcoins and Bitcoin as well," said Mr Guo, who still has about 10 ETH. "It wasn't actually meant to be an investment at that point in time, even though there was a lot of speculation about how it could rise." Mr Guo had bought Ether to use for payments and business purposes and, even now, he does not view cryptocurrency tokens as a viable short-term investment product despite having benefited from the rise in value. "As we all know, most cryptocurrencies are rather volatile, and if you were to just jump in and out of it on every piece of information you get, you would be so busy. "I don't think many people can (do that), unless they are really professional traders." Mr Guo said he is mentally prepared to lose whatever he has put into cryptocurrency trading: "It's not money that I need to use for more important purposes, like to pay for my house or (sustain) my livelihood."

“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.

Article was first published here in The Financial Times Singapore’s cryptocurrencies approach shouldn’t be seen as controversial (“Singapore faces fight for Asia crypto crown”, Report, October 1). Recent regulatory clampdowns may have raised questions about Singapore’s open approach to crypto businesses, but the regulators here have got it right. Whether or not the region’s “big bet” pays off, banning cryptocurrency trading makes no sense. The industry remains a “wild west” because there is no consistency on standards to make it stable and secure for investors. Trading, in particular, remains fractured and illiquid, which contributes to the wild price swings. If it’s a matter of taking a balanced approach, the only way you can be sure you are getting it wrong is by banning them entirely. Financial authorities, such as those in China, have been all too quick to ban elements of crypto, which only puts investors at greater risk of fraud, such as initial coin offering scams. People will continue to use cryptocurrencies so this will only push activity underground or elsewhere. Just look at the number of start-ups and talent piling into the sector. The way we see it in Singapore, it is much better to find out how to solve these problems and benefit from being part of the crypto journey. Done correctly, regulation can be very productive and foster crypto development in a healthy way by working with the industry to improve standards and prevent illicit activity. Plenty of businesses out there want to help create that framework. It’s about time the US and other leading markets caught up and took steps to establishcollective frameworks so investors can operate safely and business can thrive. Increasingly, for Singapore, the financial competition in the region is a game of fintech innovation, so I don’t see how we could exclude cryptocurrencies. Our approach to crypto regulation has created an environment that fosters innovation while setting up frameworks for security and stability. Now that Singapore’s crypto start-ups are gaining momentum, its mainstream financial institutions are learning about the technology and global blockchain businesses are setting up in the region. Don GuoChief Executive, Broctagon Fintech Group, Singapore  

“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”

Growing attraction amongst Asia’s tech-savvy millennials, unbanked signify big alternative

Broctagon Fintech Group announced the launch of a global network of crypto liquidity providers on Tuesday, forming an aggregated liquidity pool. Dubbed WorldBook, it is a crypto Straight-Through Processing (STP) network and is aiming to standardize the crypto liquidity industry.

Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, announced that it has appointed Michael Lee, an industry veteran with nearly 20 years of experience in the futures markets, as its new Head of FX Sales.

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