OANDA Prop Trader has recently expanded its payment options to include cryptocurrencies, allowing global customers to utilize digital currencies for purchasing trading Challenges through the program’s user portal.
The proprietary trading division of OANDA, known as OANDA Prop Trader, offers a unique platform where self-directed traders can share trading signals on a profit-sharing basis with OANDA’s proprietary trading operations.
OANDA Prop Trader Debuts $10,000 Cryptocurrency Sweepstakes
Eligibility for the program requires participants to purchase and complete a Challenge, which serves as a means for traders to showcase their profit-generating and risk management skills. With the addition of cryptocurrency payments, participants can now immediately engage in these Challenges to evaluate their trading prowess.
In conjunction with these new payment methods, OANDA Prop Trader is launching a $10,000 Giveaway Sweepstakes, available to potential traders in all eligible countries. By registering for an OANDA Prop Trader account, entrants gain a chance to win one of one hundred $100 vouchers to use towards a Challenge, with winners chosen at random.
Digital Economy: A New Avenue into Prop Trading
Lucian Lauerman, Head of Digital Assets and Deputy COO at OANDA, said: “We’re pleased to announce that we’re adding crypto as a payment method in response to rising global demand. A large number of “tech-driven consumers” in the countries serviced by OANDA Prop Trader are embracing cryptocurrencies, so this is opening new doors for those traders who want to maximize the digital economy as a gateway into prop trading.”
Crystal Lok, Head of Emerging Markets at OANDA, said: “At OANDA Prop Trader, we value our customers and are committed to rewarding their journey toward becoming successful traders. The $10,000 Giveaway Sweepstakes represents a fun and affordable route for many aspiring traders to get a chance to test their skills in a prop trading environment.”
OANDA Announces Sale
OANDA Global Corporation is currently on the market, as reported by Sky News, with Nomura and Santander handling the sales process of the online trading pioneer established in 1995.
Since being acquired by CVC Capital Partners in 2018, OANDA has continued to grow its offerings, which now include trading in foreign exchange, equities, commodities, and cryptocurrencies. With a robust base of over 100,000 active traders, OANDA is projected to generate revenues nearing $175 million this year.
Launch of OANDA Crypto Trading
Building on its legacy, OANDA recently introduced OANDA Crypto, a new trading platform catering to UK investors. This platform enhances OANDA’s reputable offerings in currency data and analytics, delivering a comprehensive and secure environment for trading cryptocurrencies.
Operating under OANDA Coinpass Limited and regulated by the UK Financial Conduct Authority, OANDA Crypto supports trading in over 63 cryptocurrency pairs around-the-clock and offers features like direct UK bank account transfers, high liquidity, and advanced charting tools via TradingView.
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