Stratos’ Tradu Launches Crypto Trading Offering with Low Fees and Institutional-Grade Pricing
Stratos’ Tradu Launches Crypto Trading Offering with Low Fees
Last year, Stratos made waves in the trading world with the launch of Tradu, a platform for stock and multi-asset trading. Now, Tradu is stepping into the world of cryptocurrency trading, aiming to compete with low fees and other attractive features.
Tradu is charging a mere 0.1% in crypto commission, with rebates available for larger trades. This rate is on par with top competitors like Binance, offering traders some of the best rates on the market. Compared to platforms like Coinbase, Tradu’s fees are considerably lower, making it an appealing option for active traders and investors.
Brendan Callan, CEO of Tradu, expressed the company’s commitment to providing institutional-grade pricing and infrastructure to the retail crypto market. This focus on upfront costs and transparent spreads is designed to help traders maximize their returns.
With Stratos’ history in retail trading platforms, Tradu also offers strong support and transparency around fees, giving traders peace of mind as they navigate the volatile world of cryptocurrency trading.
While Stratos Markets is registered for various activities with the UK’s Financial Conduct Authority, the company has confirmed that its crypto offering is currently live in Asia, Latin America, and Africa. Plans are in place for future rollouts in the UK, Europe, and the Middle East.
Notably, Stratos doesn’t have to contend with US crypto restrictions, as it ceased its US activities in 2017. This decision came after the Commodities and Futures Trading Commission (CFTC) found that FXCM, a sister brand of Stratos, had misled retail clients regarding conflicts of interest, leading to senior management changes.
On the other hand, Jefferies, which recently acquired full ownership of Stratos, has a history of involvement in the blockchain space. The investment bank has been working with Figure Technologies, a company behind the Provenance public blockchain and retail real estate lending. Jefferies’ support for Figure’s planned IPO further solidifies its commitment to the blockchain industry.
Overall, Tradu’s foray into crypto trading is poised to shake up the market with its competitive fees and institutional-grade infrastructure. As the platform expands its reach to new regions, traders can expect even more opportunities to capitalize on the growing cryptocurrency market.
