The cryptocurrency industry has consistently been at the forefront of technological innovation, often setting new trends that have helped birth a host of novel financial tools and offerings. In fact, this relentless drive for advancement is most evident when it comes to the emergence of new cryptocurrency exchanges, all of which have introduced novel features and enhanced functionalities.
Therefore, as more and more investors — retail and institutional — are being drawn to the dynamic and evolving digital asset landscape, the demand for robust, user-friendly, and secure trading platforms has escalated. In this article, we will explore some of the most promising trading platforms crypto enthusiasts need to check out over the coming year. So, without any further ado, let’s just jump into the heart of the matter.
In 2022, the globally renowned MultiBank Group introduced MultiBank.io, a cutting-edge digital asset exchange offering clients over 40 crypto/fiat currency pairs and a substantial liquidity pool from which to draw. Not only that, the platform includes support for several prominent currencies such as the Euro (EUR), U.S. Dollar (USD), and UAE Dirham (AED), among others — a feature not commonly found even in some of the largest exchanges in the world.
At its core, Multibank.io is backed by one of the world’s most comprehensively regulated financial derivatives brokerage firms. The project’s goal is to seamlessly integrate existing traditional financial (TradFi) systems with the latest advancements in blockchain technology, thus allowing users from both realms to traverse both spaces freely and easily.
As things stand, the MultiBank Group boasts of a capital backing exceeding $322 million. Not only that, its daily trading volume stands at $12+ billion while catering to over a million traders spread across more than 90 countries. Since its inception back in 2005, the MultiBank Group has established a strong presence across Asia, the MENA region, Europe, and North America. This is best reflected by the fact that the firm currently possesses 14 regulatory licenses from some of the most esteemed financial bodies in the world, including ASIC, BAFIN, and FMA.
Established in early 2021 by CEO Carl Roegind and CTO Sebastian Appelberg, Ka.app is a holistic crypto ecosystem designed to streamline a wide array of crypto transactions, including storing, transferring, and swapping several digital assets. Designed with the goal of broadening crypto adoption, Ka.app comes with a user-friendly platform that helps secure assets while allowing clients to facilitate transfers via QR codes or even mobile numbers.
Since the addition of Chief Product Officer (CPO) Hans-Herko Lusmägi, the platform has continued to deliver a high-quality blend of user-centric design and robust security. In fact, to ensure the safety of its users’ funds, Ka.app has incorporated Fireblocks’ advanced, institutional-grade security framework. Lastly, over the last 24 odd months, Ka.app has secured licenses as a Virtual Asset Service Provider (VARA) in Bulgaria (Dec 2021) and Italy (March 2023), thereby underscoring its strong commitment to compliance.
Since its release, Syndr has quickly emerged as a quality decentralized exchange (DEX) geared mainly toward institutional-grade derivative trading — all while blending high performance with capital efficiency. To elaborate, the platform allows traders to engage in options, perpetuals, and futures trading seamlessly while also featuring a high-performance order book that ensures low-latency trade executions.
Moreover, Syndr provides comprehensive margin options, including cross-margining for all products and portfolio margin support. Another distinctive feature is its USD-margining of all trading instruments and its one-click deposits/withdrawals system, which eliminates gas fees for trading and is compatible with several fiat onramps. Lastly, Syndr integrates seamlessly with institutional liquidity networks and various trading tools encompassing automated RFQs, options/futures analytics platforms, and comprehensive compliance tools.
INX ONE, launched by INX Inc., is a fully regulated platform integrating security tokens into the rapidly evolving cryptocurrency trading ecosphere. It offers both institutional and retail investors a unified point of access to a diverse range of digital financial instruments. Notably, INX ONE has helped champion the democratization of financial markets while adhering to stringent regulatory frameworks in collaboration with U.S. and international regulators.
For issuers, INX ONE stands out because of its comprehensive Token-as-a-Service (TaaS) offerings, streamlining the often complicated capital raising process. It provides services such as transfer agents, broker/dealer, and ATS licenses for both capital raising and secondary trading, as well as smart contract design and marketing support.
EDX Markets is a relatively new cryptocurrency exchange catering primarily to the needs of crypto-native firms and major financial institutions. Supported by a coalition of heavyweight players from the traditional finance sector, including Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial, and Sequoia, the platform is led by CEO Jamil Nazarali.
Since its launch, EDX has been recognized for its highly competitive, transparent, and liquid markets, which foster a trading environment characterized by fairness and efficiency. A standout aspect of EDX Markets is its ease of use, which is delivered through a unified marketplace coupled with an integrated settlement process.