Devexperts
is building a dedicated cryptocurrency front-end for its DXtrade white-label
platform, giving brokers a crypto-specific trading screen they can put their
own branding on.
The company
said the interface is currently available for demonstrations, without
specifying when it will reach general availability or what brokers will pay for
it.
DXtrade is
Devexperts’ off-the-shelf, multi-asset platform, which the firm says can be
configured to support stocks, options, futures, ETFs, mutual funds, bonds, FX,
CFDs, and both margin and spot digital assets.
The
Ireland-based company has been pushing the platform into new segments, onboarding more than 40 prop firms
in a year before
turning its attention to futures.
What the Crypto Interface
Adds
The new
front-end is built specifically for digital assets, sitting on top of the
existing DXtrade backend.
According
to Devexperts, it pairs a high-density trading workspace with real-time data
from the company’s own dxFeed service, with the option to plug in other market
data providers, integrated charting that lets users trade directly from the
chart, and a live order book.
Jon Light,
Devexperts’ senior director for product management, said interested brokers are
invited to “book a demo of the platform” ahead of launch.
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The firm
lists several crypto-oriented additions, all of them company descriptions
rather than independently tested features.
They
include a “You Will Receive” preview showing expected net proceeds
after fees before execution, portfolio valuation in a reference currency,
percentage-based order sizing, live recalculation of order value as prices
move, and pre-trade fee estimation.
Brokers
that license the interface will be able to customize it to their own branding
and connect third-party tools through open APIs, the company said.
Devexperts
describes the result as a “market-leading crypto trading experience,”
a characterization it has not supported with benchmark data.
A Crowded Field for Broker
Crypto Screens
The launch
lands in a segment where several platform vendors are already courting the same
brokers.
Spotware’s
cTrader has added direct crypto deposits, while Match-Trade Technologies
markets its Match-Trader product as a unified environment covering trading,
CRM, onboarding, and a crypto payment gateway.
The two
firms have themselves partnered to combine cTrader with
Match-Trade’s tools,
a sign of how quickly the white-label field is consolidating.
The timing
reflects steady retail appetite for crypto exposure, which has kept platform
suppliers competing on interface design and cost. Devexperts has iterated on
DXtrade at a quick clip elsewhere, including updating its mobile app a day after
a similar cTrader move.
Demo Now, Launch Later
For all the
feature detail, the announcement describes a product still short of release.
Devexperts said the platform is open for demos and that it “will soon be
launching,” but it set no go-live date, published no pricing, and named no
brokers signed up to deploy it.
The company
traces the product to its work in capital markets software since 2002, a record
it says spans more than 800 engineers across offices in the United States,
Germany, Portugal, Bulgaria, Singapore, Turkey, and Georgia.
This article was written by Damian Chmiel at www.financemagnates.com.
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