Brokers: indispensable players in the industry

As financial markets continue to evolve and globalize in recent years, brokers have come to play an increasingly critical role in the industry. They are an irreplaceable part of the financial system.

Brokers did not emerge as a by-product of financial growth. Instead of, the traditional financial system owes its growth to brokers, a profession that dates back to the 14th century. Initially, brokers acted as intermediaries, facilitating transactions between buyers and sellers in commercial negotiations and earning commissions in the process.

The roles of brokers vary in different areas. For example, when marketing agricultural products, a broker may be the intermediary in grain transactions, enabling farmers to get their products to consumers while also providing sales and market advice.

In the shipping industry, brokers can be the go-between to coordinate the transportation of cargo and ships between cargo owners, freight forwarders and ship owners.

The role of brokers has evolved over time. In modern financial markets brokers have become specialized institutions and individuals that provide investment and trading services.

Investment brokers offer services such as securities trading, wealth management and investment advice. They place orders on behalf of clients and provide market insights and investment recommendations.

For investors, brokers are a stable and reliable navigation system. Just as navigation systems plan drivers’ routes and guide them to their destination, brokers help investors achieve their goals in the financial markets based on individual risk tolerance.objectives and time constraints, and offers extensive financial knowledge.

Many of the major players stood out among the myriad of financial brokers with exceptional recognition and clout:

  1. TD Ameritrade: As one of the largest online brokerages in the US, TD Ameritrade offers trading services for stocks, futures, currencies, options and more, as well as a variety of research tools and trading platforms.
  1. Interactive brokers: Interactive Brokers is a world leader in online brokerage, providing trading services for stocks, futures, foreign exchange and many other financial instruments. IBKR Crypto, an advanced product from Interactive Brokers, allows users to trade and hold major cryptocurrencies such as BTC, ETH, LTC, and BCH with commissions as low as 0.2% of the transaction amount.

In addition, users of this platform can also hold US dollars in their cryptocurrency accounts, trade additional tokens provided by Paxos Trust Company, and participate in 24-hour cryptocurrency trading.

  1. Robin Hood: As one of the largest online stock brokers, Robinhood offers commission-free trading of US stocks, ETFs, and cryptocurrencies. Robinhood’s cryptocurrency trading platform now covers 15 cryptocurrencies and offers real-time market movements.

In the crypto sector brokers also serve as a bridge between the market and users, providing a convenient and secure gateway for cryptocurrency investments. Given the complexity and volatility of the digital asset market, users are demanding more market intelligence and robust analytical capabilities.

In addition to data feeds, real-time market trends, and professional reports, some cryptocurrency brokers may also offer customized services based on individual preferences and investment styles, helping investors make informed decisions.

Similar brokers also help users mitigate trading risks and protect their interestsoptimizing portfolios, managing risk and executing trades.

In summary, brokers promote more efficient and cohesive connections between the cryptocurrency market and users through professional services and quality information.

Along with the rapid growth of the crypto market, industrial brokers are playing an increasingly important role. Major exchanges such as Binance and Coinbase have already launched their brokerage programs and platforms.

CoinEx, a long-standing global cryptocurrency exchange, also recently announced its Broker API program, aiming to partner with more cryptocurrency brokers.

CoinEx brokers enjoy a number of privileges, including:

1) 40% discount on fees;

2) access to CoinEx’s overall liquidity and market depth;

3) risk management systems and technical support for brokers.

The CoinEx Broker Program supports copy trading platforms, trading bots/algorithms, quantitative strategy platforms, asset management platforms, portfolio service providers and market data/information platforms

Register for the program

Through its Global Broker Program, CoinEx aims to expand its presence and offer more professional trading services to meet the diverse demands of users.

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Source: Live Coins