Global online CFD broker Axi has launched a crypto agreement for Fiat Retention. This product allows traders to get exposed to crypto derivatives without converting their funds into Stablecoins.
The contract will be resolved directly to Fiat currency. According to the company, this removes the need for Stablecoin conversion, reduces the risk of counterparties, and provides more clear balance and performance.
Stuart Cooke, Axi’s new business manager, source: LinkedIn
The launch is as regulators and industry participants continue to highlight risks related to crypto market transparency and investor protection. Stuart Cooke, Axi’s new business head, said the move will address concerns about an uncertain trading environment.
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“By introducing Fiat-established Perps, we’re separated from that model. Traders get the same exposure and flexibility in crypto differentiation, but within a more transparent, regulated, secure framework,” he commented.
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Key features of the product include no Stablecoin conversion, competitive acquisition fees starting from 0.035%, and the ability to trade crypto along with forex, indexes and goods in one account.
Axi will add MT5 to its funded trader program and expand its institutional setup
Meanwhile, AXI added the MT5 platform to its funded trader program Axi Select, offering participants a choice of MT4 or MT5. The program offers live trading capital ranging from $5,000 to $1 million without valuation fees, demo accounts, or time limits.
Traders can track performance through an edge score system, access coaching and educational resources, and support professional skills development.
The prop trading industry faces regulatory challenges, with 70% of traders supporting an increase in surveillance following the 2024 platform change.
Separately, Axi has upgraded its institutional trading setup through Bourse, integrating matching engines, liquidity aggregation and risk management systems, and renewed its partnership with Brazilian football club Esporte Clube Bahia two more seasons.
