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CoinQuora Interviews Marcus Fetherston: Inside the Mind of Eightcap’s Head of Operations

We have seen monumental changes in the crypto space throughout 2021. From China banning crypto all together to the rise of more altcoins, we have seen increased volatility in the...
CoinQuora Interviews Marcus Fetherston: Inside the Mind of Eightcap’s Head of Operations CoinQuora Interviews Marcus Fetherston: Inside the Mind of Eightcap’s Head of Operations

We have seen monumental changes in the crypto space throughout 2021. From China banning crypto all together to the rise of more altcoins, we have seen increased volatility in the markets as a result. But what does the 2022 landscape look like for the crypto industry?

Marcus Fetherston, Head of Operations at award-winning crypto derivatives provider, Eightcap, chats to us about the rapidly increasing demand for crypto derivatives and the key trends retail traders will want to benefit from in the coming year.

Q. Can you tell us more about who Eightcap are?

Eightcap is a CFD and FX provider, and we have recently been named Best Crypto Broker of the year at the AtoZ Market annual awards. We were founded in Melbourne, Australia, back in 2009, and since then, we have grown and offered our derivative products to clients worldwide. Currently, we offer access to over 600 financial instruments, including FX, Indices, Shares, Commodities, and Cryptocurrency CFDs.

Our main mission is to build a home for MT4 and MT5 traders, and we do this via our extensive product offering, personalized customer support, and free educational resources.

Q. What made Eightcap launch its extensive range of crypto derivatives?

The crypto derivatives sector is booming and will continue to thrive this coming year. We’ve found that trading volumes for derivatives in the crypto market exceed spot markets. Due to this increased demand, we wanted to be one of the only derivatives providers in the space with an extensive range of cryptos to offer.

At the moment, you can find a regulated derivatives broker with a reasonable crypto offering, but say you want to go long or short on a range of different altcoins; this is where you may struggle. We found that the licensed derivatives providers don’t have a varied product range.

So, with this in mind, who will cater to the derivative traders that want to open positions on altcoins such as Shiba Inu, Pancake Swap, DODO, or even Sushiswap? That’s one reason why we launched over 250 crypto derivatives.

We wanted to make sure that there was something to trade for every individual crypto trader, whether the more popular cryptos such as Bitcoin or Ethereum or the emerging altcoins.

The other reason we have rolled out a comprehensive crypto derivative offering is the lack of licensed brokers that offer crypto derivatives. Many providers in the space showcase many crypto derivatives, but unfortunately, there is a considerable risk associated with trading derivatives with such providers.

The reason is that they are not regulated, and this means traders won’t have peace of mind when trading derivatives. Therefore, we are offering a solution to both pain points in the crypto market. We not only have rolled out over 250 crypto derivatives with ultra-low spreads but we are regulated in multiple jurisdictions.

Q. What do you think the future holds for crypto derivatives?

One thing is for sure, looking back over the past year, the crypto derivatives market has undoubtedly experienced significant bouts of volatility. This makes the market more attractive for retail traders who want to try and profit from the price fluctuations.

With changes to regulations in the coming year, and when crypto becomes widely accepted (which I believe it will), this volatility will continue. As a result, crypto derivatives will become even more popular. I think investors worldwide will be watching for updates on the Ethereum blockchain, and again this will have a noticeable impact on the markets.

We are already seeing parallels between crypto trading and more traditional assets such as FX trading, for example, patterns in price and liquidity levels. The way crypto derivatives trading is approached will also change.

We are already seeing the negative stigma that was once there around the crypto sector diminish. Now, governments worldwide are starting to see the benefits of the technology behind cryptocurrency. We are also beginning to recognise crypto as a legal tender in some parts of the world. This is just the start for crypto derivatives.

Q. On that note, do you think regulation in the crypto market will also change?

I do think it will. The way we view crypto is rapidly changing. It’s a matter of reevaluating and creating a comprehensive regulatory framework that will tick most of the boxes. If we look to the U.S., there’s a crypto bill in the works.

This bill looks at everything from how the industry is taxed to how crypto consumers are protected from losses and scams. A pro-Bitcoin senator has proposed the bill. When political figures understand how necessary Bitcoin can be as a store of value, regulatory changes are more than likely to occur. It will be interesting to see how this situation unfolds in the coming year.

Q. What are your thoughts on DeFI?

Last year, Ethereum dominated the decentralised finance space. However, questions are amounting around if this is set to continue in the future. We are starting to see a slump in the market, and the finger points to what we call the Ethereum killers.

Towards the latter part of 2021, rivals have emerged, and the total value of other independent blockchain networks have skyrocketed. Investors are turning to other blockchain networks such as Cardano or Solana due to the high gas fees that they experience on the ETH network. Regardless, the rise of decentralised finance has been massive, and it will continue no matter which blockchain is used.

Q. What is Eightcap’s game plan for 2022?

We have many projects coming up, we are keeping them under wraps for now, so I can’t say much about that. However, our main priority is to ensure that we are evolving to keep up with the needs of crypto derivatives traders.

Continue reading on CoinQuora

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18-01-2022 11:25:55 (UTC+7)

EUR/USD

1.1328

-0.0080 (-0.70%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.1328

-0.0080 (-0.70%)

Summary

↑ Sell

Moving Avg:

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Indicators:

Buy (1)

Sell (6)

GBP/USD

1.3578

-0.0067 (-0.49%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

USD/JPY

114.61

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

AUD/USD

0.7182

-0.0027 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

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USD/CAD

1.2537

+0.0019 (+0.15%)

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↑ Buy

Moving Avg:

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Indicators:

Buy (10)

Sell (1)

EUR/JPY

129.82

-0.89 (-0.68%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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Sell (9)

EUR/CHF

1.0388

-0.0036 (-0.34%)

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↑ Sell

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Gold Futures

1,810.20

-6.30 (-0.35%)

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Silver Futures

23.475

+0.557 (+2.43%)

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Copper Futures

4.4068

-0.0137 (-0.31%)

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↑ Sell

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Crude Oil WTI Futures

84.34

+1.04 (+1.25%)

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↑ Sell

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Brent Oil Futures

87.03

+0.55 (+0.64%)

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Natural Gas Futures

4.346

+0.084 (+1.97%)

Summary

Neutral

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US Coffee C Futures

239.55

-0.10 (-0.04%)

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Sell

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Euro Stoxx 50

4,266.97

-35.17 (-0.82%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,591.60

-71.25 (-1.53%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

DAX

15,803.82

-129.90 (-0.82%)

Summary

↑ Buy

Moving Avg:

Buy (11)

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FTSE 100

7,575.39

-35.84 (-0.47%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (10)

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Hang Seng

24,112.78

-105.25 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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US Small Cap 2000

2,112.00

-49.55 (-2.29%)

Summary

Buy

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Sell (6)

Indicators:

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IBEX 35

8,790.60

-48.10 (-0.54%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

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BASF SE NA O.N.

67.960

-0.180 (-0.26%)

Summary

Neutral

Moving Avg:

Buy (7)

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Bayer AG NA

52.10

-0.72 (-1.36%)

Summary

↑ Buy

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Buy (7)

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Allianz SE VNA O.N.

226.12

-0.93 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (10)

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Adidas AG

255.32

+2.67 (+1.06%)

Summary

↑ Sell

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Buy (1)

Sell (11)

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Deutsche Lufthansa AG

7.154

-0.087 (-1.20%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

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Buy (4)

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Siemens AG Class N

142.81

-3.19 (-2.18%)

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↑ Sell

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Sell (11)

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Deutsche Bank AG

11.955

-0.063 (-0.52%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.1328↑ Sell
 GBP/USD1.3578Buy
 USD/JPY114.61↑ Buy
 AUD/USD0.7182↑ Sell
 USD/CAD1.2537↑ Buy
 EUR/JPY129.82↑ Sell
 EUR/CHF1.0388↑ Sell
 Gold1,810.20↑ Sell
 Silver23.475↑ Sell
 Copper4.4068↑ Sell
 Crude Oil WTI84.34↑ Sell
 Brent Oil87.03↑ Sell
 Natural Gas4.346Neutral
 US Coffee C239.55Sell
 Euro Stoxx 504,266.97↑ Buy
 S&P 5004,591.60↑ Buy
 DAX15,803.82↑ Buy
 FTSE 1007,575.39↑ Buy
 Hang Seng24,112.78↑ Buy
 Small Cap 20002,112.00Buy
 IBEX 358,790.60↑ Buy
 BASF67.960Neutral
 Bayer52.10↑ Buy
 Allianz226.12↑ Buy
 Adidas255.32↑ Sell
 Lufthansa7.154Buy
 Siemens AG142.81↑ Sell
 Deutsche Bank AG11.955↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(-5/ -5) # 1,167
SJC HCM6,110/ 6,170
(0/ 0) # 1,183
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,185
SJC Danang6,110/ 6,172
(0/ 0) # 1,185
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,185
SJC Cantho6,110/ 6,172
(0/ 0) # 1,185
Cập nhật 18-01-2022 11:25:57
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ↀ Giá vàng thế giới
$1,812.83-6.5-0.36%
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Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$84.91+0.480.57%
Brent$87.03+0.640.73%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.560,0022.870,00
EUR25.241,6226.656,50
GBP30.202,2531.491,85
JPY191,95203,20
KRW16,5120,11
Cập nhật lúc 18:54:36 18/01/2022
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