Crypto Broker Genesis Market Is Live, Offers MetaTrader 5 Platform
MetaTrader is arguably the most popular trading platform among Forex traders. Practically, thousands of technical indicators are freely available to perform a detailed analysis of any market. Furthermore, the platform uses MetaQuotes language, which is similar to C#. So, developers can quick adapt to the platform and start building automated trading programs.
Until now, none of the major exchanges offer MetaTrader platform with a wide range of assets to trade. Usually, only a handful of crypto pairs are offered. This situation has changed with the launch of Genesis Markets, a cryptocurrency brokerage firm, which offers both web-based and MetaTrader platform. Presently, the platform uses a bridge to connect with Binance exchange, which offers 100s of cryptocurrency pairs for trading. Therefore, traders will now be able to access those pairs on the MetaTrader platform.
The primary aim of Genesis Markets is to integrate liquidity from multiple cryptocurrency exchanges. This will provide a deeper order book to buyers and sellers. The smart algorithm used by Genesis Markets presents the best quote, aggregates orders, and routes it to the appropriate exchange. There are not restrictions on the number of exchanges which can join the Genesis Markets network. The promoters are currently negotiating with multiple cryptocurrency exchanges.
The parent company Genesis Vision is primarily a private trust management platform, which unites exchanges, traders, brokers, and investors in a decentralized, transparent and secure network. Therefore, Genesis Market will be fully integrated to support trust management as well. Furthermore, the Genesis team is planning to incorporate asset management feature as well.
The MetaTrader 5 platform allows automated trading, copy trading and signal providing facility as well. More importantly, there are numerous Forex forums which practically offer unlimited number of indicators and automated trading programs for free. It is also easy and cheaper to employ a programmer to build custom programs using the MQL5 forum. The friendly community always extend a helping hand to clear almost any doubt, whether it is platform, indicator, or programming related. Furthermore, the introduction of MetaTrader platform is expected to lure many Forex traders into crypto market as well.
Alexey Kutsenko, CBDO of Genesis Vision, said,
‘Unfortunately, the current situation with crypto trading is far from perfect. Traders currently need to trade on multiple exchanges just to purchase a particular altcoin. In addition to the hassle of signing up for multiple exchanges, traders also have to learn multiple trading platforms’ user interfaces; many altcoins on smaller exchanges also suffer from low liquidity levels.’
Kutsenko further stated that
‘conventional traders would love to dive into the crypto world and learn a lot more about altcoins if they had access to all crypto trading instruments in one platform. These conventional traders have no desire to perform due diligence on 10 or more exchanges just to have a basic grasp on the market. Our solution was to create Genesis Markets’.