OANDA Prop Trader Now Accepts Crypto Payments

OANDA Prop Trader expanded its payment options to include cryptocurrency, allowing worldwide clients to pay for trading Challenges via the program's user interface. This advancement is part of OANDA's continual efforts to innovate and suit the requirements of a technologically aware, internationally spread client base.

OANDA Prop Trader is a program that enables self-directed traders to earn from OANDA's proprietary trading business by providing signal services. By incorporating bitcoin payments, OANDA Prop Trader makes it easier and more flexible for players to participate in its trading Challenges, demonstrating their capacity to create profits and properly manage risks.

Traders must buy and complete a Challenge to be eligible for the OANDA Prop Trader program. This new payment mechanism allows players to purchase Challenges using bitcoins and begin demonstrating their trading talents right away. This flexibility is likely to attract more players who choose to do transactions with digital currency.

In addition to accepting cryptocurrency, OANDA Prop Trader is hosting a $10,000 Giveaway Sweepstakes. This sweepstakes is accessible to all prospective traders in countries where OANDA Prop Trader is offered.

Participants may join the competition by enrolling in an OANDA Prop Trader account, which earns one entry. One hundred winners will be chosen at random, and each will get a $100 coupon to spend on a Challenge, contributing to the $10,000 prize pool.

Lucian Lauerman, Head of Digital Assets and Deputy COO at OANDA remarked on the new payment option, stating, “We're excited to announce that we're introducing crypto as a payment mechanism in response to increased worldwide demand. Cryptocurrencies are gaining popularity among tech-savvy customers in the regions served by OANDA Prop Trader. This offers up new opportunities for traders who wish to use the digital economy as a conduit to prop trading.”

Crystal Lok, OANDA's Head of Emerging Markets, stated, “At OANDA Prop Trader, we cherish our users and are dedicated to rewarding their path to become great traders. The $10,000 Giveaway Sweepstakes provides a fun and cost-effective opportunity for many prospective traders to put their talents to the test in a prop trading environment.”

In other developments, OANDA Global Corporation's private equity investors have placed the company up for sale. According to Sky News, Nomura and Santander are promoting the online retail trading platform and online FX pioneer, which was established in 1995. Since 2018, CVC Capital Partners has owned OANDA, which trades in international currency, stocks, commodities, and cryptocurrencies. This year, the platform, which has over 100,000 active traders, is estimated to generate over $175 million in revenue.

Whole News:

CVC Capital Partners Puts Oanda Up for Sale

Founded in 1995, Oanda was bought by CVC Capital in 2018 and is now being sold by bankers at Nomura and Santander.

News 2024-07-15

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OANDA has established itself as a prominent participant in the foreign exchange sector, offering individual traders access to a diverse set of financial products. OANDA, known for its creativity, openness, and dependability, has made an important contribution to the growth of the FX trading scene.

In recent years, the company's ownership has changed multiple times. CVC Capital Partners paid $200 million for OANDA in 2018, marking a big entry into the internet trading industry. Prior to CVC, the firm was owned by Pacific Century CyberWorks (PCCW), a Hong Kong-based telecommunications and information technology corporation that purchased OANDA in 2016 as part of a diversification plan into fintech and online trading. Before PCCW, OANDA's founders ran it on their own.

In another bold step, OANDA just launched OANDA Crypto, a new cryptocurrency trading platform for individual investors and traders in the United Kingdom. This platform takes use of OANDA's proven position in online trading, currency data, and analytics to provide a user-friendly and secure trading environment.

OANDA Crypto is owned and operated by OANDA Coinpass Limited, which is registered with the UK Financial Conduct Authority. It offers 24/7 trading in over 63 cryptocurrency pairings, including Bitcoin, Ether, and Ripple, and wants to extend its services. Users in the United Kingdom may quickly deposit and withdraw from their bank accounts, trade with large amounts of liquidity, and store their crypto assets securely. The OANDA Crypto trading app and desktop platform include powerful trading tools and features, such as a wide range of cryptocurrencies, stablecoins, and TradingView-powered charting capabilities.

With these innovations, OANDA solidifies its position as a global leader in online trading and fintech, offering innovative solutions and expanded prospects for traders.