The presence of cryptocurrency is strong in various social media sites. This is why it is not a big surprise why there are many people who are reaching out to brokers such as https://moreforexbrokers.com/ja/fx-brokers/ to help them with their crypto investment and journey.

But why is there a global acceptance to cryptocurrency and blockchain technology? What makes it so loved and popular among people these days? Let us try to decipher the mystery behind in the next paragraphs.

Incredible Liquidity Pool

In each and every asset that’s sold or bought regardless if it is FOREX or crypto, one thing will be a mandatory requirement; it needs someone to buy or sell from. The more who are selling and buying, the more liquid the exchange is. Whenever there’s a new crypto exchange that opens, it should populate all the trading pair order books with the sellers and buyers in order to provide a market among users to trade.

This is distributing the trading liquidity from the current exchanges that may adversely impact the smaller exchanges that you may be trading with at the moment. Brokers on the other hand may avoid such issue by means of closely monitoring the market and reacting on the situation.

Lower Slippage Fees and Spread

One very frequent mistake when choosing a crypto exchange particularly the newer ones are doing it based on the low trading. This may seem to be a very appealing proposition as well as logical decision to make the most of fiat deposit. However, there are brokers who are capable of distributing the sells and buys across exchanges that have the most liquidity. This is strategically done to identify where the highest liquidity is for that asset and then, split the order throughout those exchanges.

Traders are using brokers benefit by acquiring the following:

• Best Market Rate
• Lowest Spread
• Minimal Slippage

Increased Pairs to Trade

Depending on the trading volume per day, crypto pairs on each exchange have its own order book for every asset against fiat like EUR, USD and of course, BTC or Bitcoin. Meaning to say, there’s less liquidity that’s available on the exchange that leads to higher slippage charge and spread for the traded asset.

Brokers have the ability to offer assets without any losses in liquidity are such in an advantageous position. Not just this is lowering the fees in slippage and spread, users can also use one broker trade as well as store their assets in a single location without registering with several exchanges.