The crypto market is bigger than ever, and so is the crypto derivatives market.

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Thanks to increased visibility, public endorsement from figures such as Elon Musk, among others, and impressive bull races, cryptocurrency is more popular than ever.

This means that more people own and operate crypto accounts. As a result, crypto exchanges and brokers have seen more trading volumes. Public awareness of the industry is at an all time high. With this new popularity, the industry is teeming with hungry competitors offering consumers products and offerings aimed at meeting the needs of crypto fanatics.

There is a huge problem facing derivatives traders, but who will they turn to?

Previously, there had been a greater demand for products and services related to cryptocurrency in general. While this demand still exists, there is still more demand for crypto derivatives. However, the journey to providing derivative services has not been so straightforward. The current regulatory climate is often hostile to cryptocurrencies, especially as some lawmakers still view the industry with suspicion and contempt.

Even Binance, one of the world’s largest crypto exchanges, has been forced to suspend trading in derivatives in several countries due to regulatory issues. As a result, derivatives traders who have accounts with the exchange are now worried about their trades and funds, especially as withdrawal limits were being reduced on a daily basis. So, is there a broker that traders and potential new crypto derivatives traders can turn to?

Derivatives traders don’t have to look very far for an answer to their problems. Eightcap, an Australian brokerage firm, recently announced the launch of over 250 cryptocurrency derivatives. This has positioned it as the largest crypto derivatives offering in the industry.

Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC) and the Securities Commission of The Bahamas (SCB). Eightcap says its customers have an alternative solution. Customers of other brokers and exchanges who are currently affected by the current issues will now have a new home for their crypto derivatives transactions. Joel Murphy, CEO of Eightcap addressed the regulation saying:

“The regulatory issues that crypto exchanges like Binance face mean traders are left with unnecessary worries about their funds and whether they can withdraw them. With us, Crypto derivatives traders can have a seamless experience from from the moment they open an account until the moment they wish to withdraw their funds.

In addition to crypto derivatives, Eightcap offers CFDs on Forex, Indices, Commodities and Stocks. Further announcements from the company are expected shortly.

Other crypto derivatives brokers have said they have actually benefited from these government regulations. The Chinese government, for example, is cracking down on cryptocurrency and the management of dYdX, a decentralized crypto derivatives trading platform, has reported that adoption in China has increased as a result.

On September 26, 2021, dYdX topped Coinbases’ daily trading volume by more than 15% to a record $ 4.3 billion. Antonio Juliano, the founder of dYdX and former Coinbase employee, took to Twitter to share the news.

5 years ago I left @coinbase and finally founded dYdX

Today, for the first time, @dydxprotocol is trading more volume than Coinbase pic.twitter.com/QzoKAUpH29

– Antoine | dYdX (@AntonioMJuliano) September 26, 2021

The crypto industry is known to be resilient and it appears that derivatives brokers and investors themselves are not bending under the pressure, but innovating for the future and reaping the rewards.

Announcement: up to 20 times the margin on FTX.

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