Exante, a Malta-based broker will now provide a means to investors to take long or short Bitcoin positions and trade shares using its Automatic Trading Platform (ATP). Thus, becoming the first of its kind, Exante which also became the first to introduce the world’s first Bitcoin-only hedge fund last March is all set to promote the crypto-currency for traders.
The broker has announced that traders can now access the trading platform which provides emancipating experience e.g. charting tools, portfolio management, and user-friendly order screens. The traders who do not wish to trade outright may even ask for demo accounts as Exante provides demo accounts that run on Windows, Mac OS, Linux, etc.
This is an excellent opportunity for Exante customers as this has been opened for them as only the ones who have Bitcoin fund can access ATP. The broker is also meeting the much waited requirement from the commercial processors and large merchants of Bitcoins i.e. they can now hedge their Bitcoin inventories without liquidating actual Bitcoins that they have been doing till now daily.
Thus, all large to small Bitcoin merchant processor can now lock a certain aggregate exchange rate. This can be done for their merchants or for their own books. Additionally, they can also initiate a short position in the shares of the Bitcoin Fund even without selling Bitcoin – this is more or less like an ETF or contract for difference (CFD) instrument.
This broker is authorized and regulated by the Malta Financial Services Authority to provide the Bitcoin Fund with an initial minimum subscription of $100,000 and a 0.5% fee for subscriptions and redemptions (1 Bitcoin Fund share = 1 Bitcoin). It distributes the trade-able fund shares through the Exante Hedge Fund Marketplace platform.
It charges a 1.75% annual fee for managing the intricate security necessary to safeguard the Bitcoin private keys.