Global online CFD broker Axi has launched fiat-settled
crypto perpetual contracts. The product allows traders to gain exposure to
crypto derivatives without converting funds into stablecoins.
The contracts are settled directly in fiat currencies.
According to the company, this removes the need for stablecoin conversions,
reduces counterparty risks, and provides greater clarity on balances and
performance.
Addressing Transparency Concerns
The launch comes as regulators and industry participants
continue to highlight risks around transparency and investor protection in
crypto markets. Stuart Cooke, Head of New Business at Axi, said the move
responds to concerns over opaque trading environments.
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“By introducing fiat-settled perps, we’re breaking away from
that model. Traders get the same exposure and flexibility of crypto derivatives
but within a more transparent, regulated, and secure framework,” he commented.
You may find it interesting at FinanceMagnates.com: Axi
Launches AxiPrime Institutional Liquidity Service.
Key features of the product include no stablecoin
conversions, competitive taker fees starting at 0.035%, and the ability to
trade crypto alongside forex, indices, and commodities in one account.
This article was written by Tareq Sikder at www.financemagnates.com.
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