Coindirect, one of the most popular cryptocurrency exchanges in South Africa, has recently launched a crypto brokerage platform.
The platform intends to offer big-volume traders a more comfortable and cheaper option. Coindirect decided to separate crypto brokerage in large amounts, from small-time trading.
According to Coindirect’s analysis, most of the Bitcoin trading happening in South Africa is operated by a small number of traders with significant amounts of Bitcoin in their possession. Even so, the exchange is happy to accomodate the needs of big-volume traders, which is why Coindirect initiated the launch of a new platform.
Crypto brokerage platform
In order to attract the attention of big-volume traders, Coindirect has set up enticing trading conditions.
According to the company announcement, the crypto brokerage platform allows users to lock in Bitcoin quotes without any additional transaction fees incurred. The one condition for traders who want to benefit from zero fees on transactions is to store their assets in the dedicated Coindirect cryptocurrency wallet.
An additional benefit for users will be reduced processing times. Many brokerage platforms can take up to twelve hours, while the Coindirect crypto brokerage platform promises users instant processing.
Cryptocurrency exchanges are becoming extremely popular, as the value of tokens increases. What Coindirect brings to the table is a service aimed at large-scale traders in South Africa. This will help boost cryptocurrency activity in the country and present an opportunity for growth.
Coindirect has also recently partnered with Kyberswap in order to facilitate fiat to crypto transactions on the exchange. This partnership further solidified Coindirect’s authority as a trusted choice on the South African market.