Gold-i launches “Crypto Switch” – a bridge for MetaTrader 4/5 brokers

In the beginning of the year, MetaTrader technologies provider, Gold-i, launched Gold-i MAM Pro and Gold-i Visual Edge. The firm continued the expansion of its portfolio of solutions for brokers that are using MetaTrader 4/5 with the launch of another cryptocurrency solution, called Crypto Switch.

Crypto Switch has helped to progress the efforts of the firm to introduce large-scale cryptocurrency trading through the MT4 and MT5 brokers. The aim is to get rid of hindrances that have been keeping brokers from being able to quickly adopt of more cryptocurrency pairs. It will act as a bridge between various technologies used in Foreign Exchange Market (Forex) and cryptocurrency trade by allowing brokers access to a number of leading global cryptocurrency exchanges as well as crypto liquidity providers.

Deploying the solution, brokers will have full control over pricing and execution of the order flow in order to provide their clients with a trading environment. With access to the real coin trading and Contract for Differences (CFDs), brokers will be able to carry out more detailed risk management options.

Brokers can also use the Gold-i Crypto Switch, which adds a diverse range of cryptocurrencies to their system, thus making it much wider in  range and flexible enough to add new instruments as well. This will enable them to provide trading via almost any other trading platform in addition to MT4 and MT5.

Gold-i CEO Tom Higgins commented:

“Gold-i is aiming to be the leading crypto technology provider in the industry. We have developed our Crypto Switch to enable brokers to maximize opportunities from the increasing demand for crypto trading and to help them to increase their revenues by offering a wider range of products to clients.”

Another significant feature of this product is that it allows the brokers to be able to use cryptocurrencies, or combine different cryptocurrencies and FOREX pairs, to create a new variety of synthetic instruments, thus creating a whole new market. The integration of various crypto assets allows brokers to sell their liquidity, which has been developed by utilizing the industry-standard protocols.

“With Crypto Switch, brokers can take all the risk and P&L by B-Booking all or part of the flow. Alternatively, they can cover 100% of it in the market, providing peace of mind in volatile markets,” Higgins elaborated. Crypto-crosses are not very common at the moment, which makes this solution one of its kind.