Eightcap and Orbital Forge a Groundbreaking Partnership
Eightcap has positioned itself at the forefront of the trading industry by establishing a revolutionary partnership with Orbital, a leader in payment orchestration across stablecoin and traditional rails. This collaboration lays a robust foundation for Eightcap's global trading platform, making transactions easier and more compliant in over 120 countries.
Embracing Stablecoins for Enhanced Trading Experience
By integrating stablecoin payments, Eightcap aims to provide a seamless trading experience. Stablecoins facilitate efficient funding and settlement for its users, enabling a level of fluidity and flexibility seldom seen in traditional markets. This transition marks a pivotal shift as Eightcap enhances its service offerings, addressing the needs of traders worldwide.
Partnership Beginnings and Its Evolution
The journey of this partnership began in 2019, when Eightcap first recognized the potential of stablecoin technology. By 2020, Eightcap had successfully integrated stablecoin payments into its trading platforms—an initiative that placed it ahead of many regulated brokers. This strategic move has allowed Eightcap to mitigate payment-related issues, reduce foreign exchange risks, and facilitate nearly instantaneous deposits and withdrawals across various blockchain networks.
Stablecoins: The Heart of Eightcap’s Expansion
Looking to the future, Eightcap is focused on scaling its network through partnerships with major crypto exchanges and fintech enterprises. The support from Orbital’s stablecoin infrastructure is crucial for this expansion, ensuring secure deposits and settlements that are increasingly vital for traders. The reliance on stablecoins serves not just as a payment method, but as a vital link in the broader trading ecosystem.
Insights from Leadership
Chris Mason, the CEO of Orbital, commented on the success of this ongoing partnership: "Eightcap recognized the significant potential of stablecoins early and acted decisively, with Orbital’s framework supporting their journey from the outset. Together, we’ve demonstrated the viability of cross-chain stablecoin payments, proving they can operate efficiently at scale. Our focus on integrating additional blockchains enhances transaction speeds and reduces costs, paving the way for a new standard in payment infrastructure."
Meeting the Needs of Modern Traders
Patrick Murphy, COO of Eightcap, also highlighted the mutual importance of their partnership. He stated, "Our collaboration with Orbital has provided a regulated infrastructure and the dependability required to cater to both B2C traders and B2B partners across various markets. As we grow our embedded partnerships, stablecoins will be essential for securely funding and settling trading operations within our ecosystem."
Gradual Growth in Stablecoin Utilization
Since implementing stablecoin payments, Eightcap has observed a remarkable increase in usage, with 10-20% of total deposits coming from stablecoins on a global scale. In burgeoning markets, such as Latin America and Southeast Asia, this number spikes to as much as 40%. The rising integration of blockchain networks like BNB Chain, Polygon, and Tron has significantly contributed to this growth, making transactions more efficient and cost-effective.
Ensuring Security and Compliance
The significance of security in trading is not understated. Eightcap and Orbital maintain high standards of compliance and security, addressing the inherent risks associated with cryptocurrencies and stablecoins. They understand that users need confidence in the systems they operate within, especially in an industry known for volatility and risks.
About Orbital Group
Orbital is a recognized global payment orchestration platform committed to delivering secure and seamless payment solutions for enterprises. Their service offerings include stablecoin wallets and named VIBANs, which enable businesses to pay, receive, and exchange between stablecoins and traditional currencies. Founded in 2017, Orbital operates under a strong regulatory framework, ensuring compliance in various jurisdictions and cultivating trust across international borders.
About Eightcap
Since its inception in 2015, Eightcap has grown into a prominent Australian fintech company, offering a complete suite of derivative products across both traditional and digital asset markets. They have earned regulatory licenses in several influential regions and continue to deliver exceptional trading solutions for clients, from individual traders to large enterprises. Their recent accolades include recognition as the Best Global CFD Broker, further solidifying their commitment to exceptional service and innovative solutions.
Frequently Asked Questions
What is the significance of the Eightcap and Orbital partnership?
The partnership enhances trading capabilities by using stablecoins for funding and settlement, improving transaction efficiency for users across 120+ countries.
How have stablecoins changed the trading landscape?
Stablecoins provide traders with faster, more reliable payment options, reducing the friction and costs often associated with traditional financial systems.
What are some key benefits of using stablecoin payments?
Key benefits include near-instant deposits and withdrawals, reduced foreign exchange risk, and control over transaction costs within the trading ecosystem.
How does Eightcap maintain regulatory compliance?
Eightcap adheres to the strict regulations of various jurisdictions, ensuring their services meet the necessary legal and operational standards for financial institutions.
What future growth plans does Eightcap have?
Eightcap plans to expand its network through partnerships with major crypto exchanges and fintech platforms, focusing on embedding stablecoin technology into their trading infrastructure.
