With the debut of Ovex FX, a full-service foreign exchange solution, Ovex established its position as Africa’s most advanced trading desk.
For the time being, this customized FX service is only available to large-volume over-the-counter (OTC) customers. It’s important to trade forex and cryptocurrencies together in one place. This vertical integration saves Ovex OTC customers not only time but also money.
The narrowest spreads may be found on Ovex FX, resulting from the exchange’s significant liquidity and unique trading technology.
As the borders between cryptocurrencies and conventional finance blur, it’s becoming increasingly vital for knowledgeable traders to access an A-Z service. Bitcoin has now attracted the attention of major financial institutions. Hedge funds, sovereign wealth funds, and nation-states are all categories.
Industry participants are becoming more crypto-centric as authorities and digital currency market makers, such as Ovex, work to create a regulatory framework that benefits even the most basic wealth managers. Traders and investors need to access conventional forex markets and their cryptocurrency equivalents from a single source.
Ovex CEO Jon Ovadia stated, “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 (forex) industry,”
Ovex’s unique trading technology was used to initiate the vertical integration, giving its forex business an advantage over established rivals.
Ovex FX is a full-service fx solution that fills the gap between conventional banking and the world of cryptocurrencies, whether you’re an importer, exporter, speculator, arbitrageur, or just searching for a way to transfer payments.