21 April 2022 - 09:00Cryptocurrency exchange and prime broker Ovex has cemented itself as the most sophisticated trading desk in Africa with the launch of its full-service foreign exchange solution,This personalised forex service is, for the time being, reserved solely for large-volume over-the-counter clients. Being able to seamlessly trade forex and cryptocurrency all under one roof is significant. This vertical integration not only saves Ovex OTC clients precious time but money, too.
It is becoming more important for sophisticated traders to have access to an A-Z service as the lines separating cryptocurrency and traditional finance blur. Major banks are now invested in bitcoin. So too are hedge funds, sovereign wealth funds and nation-states. “We see a ton of opportunity to add a technology layer on top of the common forex offerings now available. This will allow Ovex to offer the lowest rates and fastest settlement in the FX industry,” says Ovex CEO Jon Ovadia.
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