Juno Markets, a retail brokerage platform, has introduced digital currency deposits, enabling its clients to fund their accounts in a new way.
In a press release shared with Finance Magnates, the brokerage detailed that the crypto deposit services will be enabled for four digital currencies – Bitcoin (BTC), Ethereum (ETH), Tether (USDt), and USD Coin (USDC).
These tokens can be directly deposited from the user wallets to their MT4 or Juno Auto Trader accounts.
Clients of the brokerage can also receive cryptocurrencies directly into their wallets while making a withdrawal.
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Commenting on the development, Arthur Le, chief executive at Juno Markets, said: “Giving traders a variety of options to fund their accounts is another step towards fulfilling a Company value of ‘Make it easier for clients to do business with us.’ We have had more demand from Crypto holders to be able to put their digital assets to use. With crypto funding, clients will save on fees and transaction times while being able to trade traditional markets.”
Crypto deposits can attract a new client base to the brokerage
Along with the latest addition of crypto deposits, the platform also offers deposits with an array of other methods including deposits with Visa and Mastercards, wire transfers, along with China UnionPay and WeChat and AliPay.
Regulated by the Vanuatu Financial Services Commission (VFSC), Juno Markets offers trading services for forex, contract-for-differences (CFDs), and also metals. The primary business of the brokerage is concentrated within the Asia-Pacific region.
Earlier this year, FXGate, a Malaysia-based brokerage, also introduced crypto deposits, but the option is only limited to Tether.