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.

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.

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.

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.

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."

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.

Broctagon Prime participated in iFX EXPO International 2021 during the period of 4 - 6 October. A three-day event, the expo was one of the first large-scale in-person events that have been scheduled in Limassol, Cyprus in two years. As we rubbed shoulders with industry giants like SAXO Bank, Swissquote Bank, and MetaQuotes, the expo was charged with a certain fervor as many brokers looked for new opportunities to expand and improve their businesses. The Main Attraction A few products of ours in particular stole the limelight: Liquidity, especially our Crypto CFDs liquidity with our winning combination of 24/7 trading and an extensive symbols list; full MT4/5 white label solutions where our CRM suite particularly impressed clients with its sophisticated multi-tier affiliate system, availability in more than 10 languages, and deployability within 1 business day. NEXUS 2.0, our spot crypto liquidity hub, also garnered a lot of attention from exchanges that are looking to break into the market and offer enhanced services that can compete with the bigger names in crypto. We also took the opportunity to introduce the NEXUS WorldBook to the participants, a movement aimed at introducing a universal, inter-exchange liquidity standard for digital assets. A Roaring Success We would like to extend our gratitude to everyone that has dropped by our booth, especially towards the many new partnerships that were forged during these three days. We truly appreciate your trust in us. With the event being a great success, we look forward to seeing you next year in iFX Expo 2022!

“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.

Multi-asset liquidity provider Broctagon today announces the deployment of its NEXUS 2.0 aggregation engine in the multi-currency digital assets exchange BTSE. The collaboration will enhance crypto liquidity for the exchange through NEXUS 2.0, proprietary crypto liquidity aggregation and Straight-Through Processing (STP) engine.

Broctagon is proud to announce that Cecilia Chan, a sell-side veteran with two decades of experience, has joined us as Executive Director. This appointment comes shortly after Broctagon officially obtained its new Money Broking Licence from the Labuan IBFC.

Multi-asset liquidity provider Broctagon is proud to announce a partnership with FXCubic, London-based fintech firm.

Broctagon Fintech Group is proud to announce a partnership with Takeprofit Tech to increase risk-management choices for global forex brokers.

We review how the COVID-19 pandemic has transformed businesses in 2020. At Broctagon, we are fortunate that operations have remained largely unaffected.

GoldGo is a government-recognised utility token directly backed by a physical gold supply and secured by blockchain technology.

Broctagon is pleased to announce that we have received the 'Best Tailored Blockchain Solutions Provider’ award at the Finance Magnates Awards 2020!

The decision to regulate all entities operating within the cryptocurrency industry in Hong Kong has been dubbed as a "positive move" by Broctagon CEO.

Broctagon Fintech Group is proud to announce that we have obtained a Money Broking Licence from the Labuan International Business and Financial Centre (Labuan IBFC).

Cryptography as a Service
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....
price screening
NEXUS 2.0's latest update covers upgraded features including an all-new monitoring system, LMS enhancements and randomized volume scaling....
Broctagon Partners Spotware cTrader
Brokerages in Asia will now have a wider variety of trading platforms made available with Broctagon's Spotware partnership to offer the cTrader Platform. ...
cTrader
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....
CRM Client Acquisition
Brokerages with Broctagon's AXIS CRM can now reward their traders better with an improved, highly-configurable system for new client acquisition....
Native Altcoin
Broctagon has launched NEXUS' Native Altcoin Liquidity Management, allowing exchanges to regulate the demand and supply of their native altcoins....
altcoin liquidity
Singapore-based Broctagon Fintech Group has upgraded its NEXUS 2.0 liquidity aggregator technology, with the launch of Native Altcoin Liquidity Management....
AXIS CRM
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....

CEO of Broctagon, Don Guo, feels that there are better ways to regulate rather than an outright ban of crypto derivatives in the UK.

Ted Quek, CTO of Broctagon, explains how the crypto space must adopt liquidity standards similar to those of FX markets, in order to scale new peaks.

The decline in trading volumes rekindle questions over how many cryptocurrency exchanges are really needed to serve the nascent but fast-growing market.

As the coronavirus lockdown begins to lift across the world, investment opportunities in traditional stock markets and cryptocurrencies couldn't be greater.

What was once regarded by many as ‘internet money’ is slowly stumbling its way into mainstream acceptance, Broctagon's CTO Ted Quek tells Yahoo! Finance.

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.

Broctagon's CEO Don Guo states that governments across the world need to begin taking action on the regulation of crypto and digital assets. | Yahoo Finance

Cryptocurrency was thrust into the spotlight by Bitcoin, but it is blockchain, the technology behind it that we should pay attention to.

Should a regulatory precedent not be set and the space continue to be a “Wild West”, we could see a stall in institutional involvement. | Don Guo Opinion Piece

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....
Retro Night
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....
Liquidity
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 Singapore's Headquarters Opening
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 Awarded "Best Cryptocurrency LP" at WikiFX Kuala Lumpur Financial Summit 2019
Broctagon Fintech Group was awarded the title of "Best Cryptocurrency Liquidity Provider" at the WikiFX Kuala Lumpur Financial Summit 2019....
Next Block Beyond Crypto
Broctagon Fintech Group was recently at the NEXTBLOCK Asia Conference held by Krypton Events in Bangkok, Thailand from 25th to 26 June. ...
what is nft
What exactly is an NFT and why did one just sell for US $69 million dollars? What are NFTs and how they work explained. ...
MM vs STP
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....
How to Choose the Right Blockchain for Your Business
Public, private, permissioned, Bitcoin, Ethereum protocols, and more – it might seem really daunting on how to choose the right blockchain for your business....
crypto cfd vs crypto spot
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....
What is Smart Order Routing
Smart Order Routing (SOR) is an automated order processing mechanism, designed to take the best available opportunity across a variety of different trading platforms.  ...
why offer multi-asset classes
As a brokerage, offering multi-asset classes to your clients can bring you competitve advantage over other brokerages. Here are 5 key reasons....
crypto exchange liquidity
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. ...
starting a crypto exchange
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. ...

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.

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

As the coronavirus lockdown begins to lift across the world, investment opportunities in traditional stock markets and cryptocurrencies couldn't be greater.

What was once regarded by many as ‘internet money’ is slowly stumbling its way into mainstream acceptance, Broctagon's CTO Ted Quek tells Yahoo! Finance.

Broctagon's CEO Don Guo states that governments across the world need to begin taking action on the regulation of crypto and digital assets. | Yahoo Finance

Halving might boost Bitcoin price due to its added scarcity, giving it a positive trend, says Broctagon CEO Don Guo in his analysis to CoinDesk.

Should a regulatory precedent not be set and the space continue to be a “Wild West”, we could see a stall in institutional involvement. | Don Guo Opinion Piece

As the coronavirus starts to impact global growth prospects, how will cryptocurrencies hold up? Bitcoin could be perceived as a safe haven asset. | Business Times

As the coronavirus starts to impact global growth prospects, how will cryptocurrencies hold up? Bitcoin could be perceived as a safe haven asset. | Bloomberg

WordPress Video Lightbox Plugin