The cryptocurrency bull market has finally arrived and many consumers are eager to acquire digital currencies as part of a well-balanced investment portfolio. Meanwhile, many other users are simply looking to trade popular crypto-assets such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other virtual currencies. While cryptocurrencies are well on their way to becoming a key part of the modern financial system, there are many challenges newcomers and even experienced users encounter in this volatile space.
In this guide, we shall examine reliable and trustworthy crypto exchanges that ensure a high level of security and maintain users’ privacy. It’s very important to do your own research before beginning your crypto trading journey. Currently, there are numerous globally accessible platforms, but not all of them are well-regulated or even compliant with applicable regulatory guidelines. That’s why it’s essential to learn about the importance of accessing secure and trusted exchanges.
Accessing compliant, Well-Regulated crypto platforms
Notably, MultiBank.io is among the most compliant crypto-asset platforms operating in the market today. They’ve acquired at least 14 major licenses that enable them to provide regulated and seamless crypto trading services. They also offer a range of digital currency derivatives trading options that are geared towards more advanced or professional traders.
During the past few years, it has become abundantly clear that users’ privacy and assets must be protected at all times. There have been many damaging security breaches and hacks that have been orchestrated on large platforms, including Binance back in 2019 and the most infamous Bitfinex hack of 2016. Although these were all painful lessons to learn, the new generation of crypto exchanges has sharply focused on implementing robust security measures.
In addition to heightened security protocols, compliance must be at the highest as well to ensure the best user experience. Launched back in 2005, MultiBank Group has a goal centered around bringing regulation and safety to the financial industry. This objective led them to establish a trusted trading environment. Over the years, these services evolved into one of the largest financial derivatives institutions, holding over a dozen licenses globally. This platform is supported by 25 global offices, serving around 1 million active clients and recording an average daily trading volume of over $12 billion (comparable to some of the largest digital asset exchanges).
Although some traders are looking for basic spot trading options, like those offered by Kraken or Bitpanda, there are also several trusted derivatives brokers operating in the crypto space as well. As explained, it is very important to check whether these platforms are offering regulated derivatives trading venues.
With the emergence of yet another strong bull market, many new firms are entering the crypto industry. However, this space remains loosely regulated so it is essential to prioritize platforms that provide a high level of security and adhere to applicable regulations.
With the spectacular collapse of FTX and other centralized platforms in the past year, it should be clear that a trusted and properly regulated trading experience is vital. Not only must crypto traders strictly engage with compliant platforms, but they can also focus on exchanges offering adequate liquidity, and high leverage while committing to transparency and user safety. This approach ensures that clients can venture into the nascent crypto-assets space with confidence.
Innovation with transparency, seamless user experience
In order to address these requirements, the experienced team at MultiBank Group is currently working on a comprehensive or all-in-one financial ecosystem that brings together traditional derivatives with innovative crypto-asset offerings.
These services reportedly include providing a hub for derivative products such as forex, shares, metals, indices, commodities, and crypto CFDs. In addition to these features, these platforms offer a high-performance crypto spot exchange at Multibank.io, intending to launch Futures Exchange in the foreseeable future. The other products will include copy trading and even competitive tournaments.
Like many reputable exchange operators, they’re pursuing the VARA license (which has been pre-approved at the time of writing). At the core of these initiatives is a sharp focus on strict regulatory standards and industry best practices, thus establishing a secure trading environment.
Prioritizing security and regulations
In conclusion, traders and investors must conduct their own independent research before depositing their funds on any platform. It may require more time and effort to explore the different exchanges currently available, however, it is well worth it because of the large number of scams associated with online services.
One of the best ways to ensure that you’re working with a trusted service provider is by checking their licensing and regulatory information. By verifying these details with official regulators like the UK’s Financial Conduct Authority (FCA) and/or other official regulatory agencies, consumers can be ensured that they’re interacting with a legitimate platform.
Featured image credit: master1305/freepik
