A forex and CFD’s trading technology provider, FDCTech, has added PayPal as a new payment option for FX/Crypto brokers utilizing FDC’s Condor FX Pro trading platform. The new collaboration enables traders of Condor FX Pro’s consumers to finance their trading account. It will constitute small to large payments immediately while charging fewer transaction fees. Also, it guarantees to keep their costs compliant with regulatory policies and AML.
Condor FX Pro is FDCTech’s flagship product. It offers an institutional trading suite for expert clients with established charting tools, advanced order types, level II pricing, immediate entry and achievement. The new alliance came after PayPal formally made its progress into the cryptocurrency market back in October. Earlier, a few pieces of evidence advocate that the payment giant displays an interest in actively involving in cryptocurrency.
PayPal Crypto Services beneficial for FX/Crypto Trading Accounts
PayPal’s decision in October 2020 to provide customers by early 2021 to purchase, trade, and own bitcoin and other virtual assets. It will use the digital payments company’s online wallets may provide cryptocurrency as a funding source to fund FX/Crypto trading accounts globally. The trend looks certain for FX/Crypto brokers as cryptocurrencies serve to be volatile, making them engaging for speculators and margin traders.
Moreover, PayPal’s involvement in the crypto space became rid-fe with the reports surfacing about the acquisition of crypto custodian, BitGo. Furthermore, PayPal recorded many related patents, including expediting Bitcoin transaction processing times by a more active cryptocurrency payment system. Condor FX comprises a native back office, managing technology, reporting, desktop GUI, web trader, and mobile terminals.
FDCTech, previously known as Forex Development Corporation, has an API combination with one of the foremost bridge and institutional liquidity providers, PrimeXM. Moreover, the New York-based company is well-known across the industry as a technology package provider that provide companies to serve as prime brokers.
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