How does GBO help you get a crypto broker license?
We have helped many investors to set up crypto broker turnkey operations by providing a full-service package of services. This includes all the individual elements that are required to launch a new crypto broker platform, including:
- Choice of jurisdiction
- Establishment of a corporate entity
- Choosing suitable software packages for a trading platform (White Label platforms)
- Registration of a crypto exchange
- Licensing the cryptocurrency exchange
- Establishing a trading room
- Recruiting and hiring trained personnel
We will help you obtain a crypto broker license
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For entrepreneurs, it is a way to invest in the booming cryptocurrency market, by providing access for customers to the new types of financial markets. A crypto brokerage expands these opportunities by allowing you to operate not just as a cryptocurrency exchange or trader alone.
What services does a crypto broker license allow you to do?
Crypto broker licenses permit brokers to provide services that match the services provided by classic share and stock brokers. A crypto broker license allows you to provide your clients with margin trading, advice, market analysis and all the other services that a share broker provides in equities investment.
White label platforms provide a user-friendly interface; when you use them, you join a community of traders and software developers.
What are the differences between a crypto broker license and an exchange license?
A licensed broker works as an intermediary for its customers who are buying and selling in cryptocurrencies. A customer places a buy or sell order, at a specific price and for a specific quantity of a designated cryptocurrency. The broker tries to match these orders with others in the market to facilitate a trade. For example, a customer wanting to invest in bitcoins can instruct the broker to buy five bitcoins and will nominate the price they are prepared to pay. The crypto broker then makes an order to buy on their preferred exchange.
A crypto exchange provides an online market for buyers and sellers to trade cryptocurrencies. Deals are negotiated by matching buy and sell orders. In the example we gave above, the crypto broker places an order to buy bitcoin, and can stipulate the quantity and the price they are willing to pay. Suppose the crypto gaming platform can match this with a selling order. In that case, the transaction is closed, the bitcoin is transferred to the new buyer, and funds are transferred from the buyer to the seller.
Crypto brokers and exchanges can charge fees for each trade based either on volume or value. A licensed crypto broker can offer its clients margin trading services in multiple markets such as Forex and cryptocurrencies.
One of the main facilities allowed by a crypto broker license is that customer accounts can be denominated in both fiat and cryptocurrencies. Customers can choose to establish either long or short positions on crypto assets.
A valid crypto broker license allows a company to offer its services in the ways described above.