Maverick FX has taken a strategic step by changing its corporate name to Maverick Currencies. Besides dealing with fiat currencies, the forex exchange also accommodates cryptocurrencies. It has expanded its original forex trading business with cryptocurrencies for its customers.
Maverick Trading has allowed its customers to trade bitcoin futures and futures options in its stock and options division. Darren Fischer, CEO of Maverick Trading, said there are two factors behind the company’s decision. He explained that the first was the inquiries and requests to trade cryptocurrencies from their customers. And the second was that this is where the market is headed. Fischer said Maverick Trading was keeping up with the times.
He pointed out that there venture into cryptocurrencies will in no way impact their traditional FX trading. Fischer said customers will continue to be able to trade currency pairs – the eight major currencies along with crypto assets. He explained that instead of Euro to Yen, Bitcoin will be compared to the US dollar.
Robb Reinhold, Founder and Head Trader at Maverick Trading, said the company has acknowledged the rise and demand for cryptocurrencies. It has noted the crypto interest in the public and its customers as well. Reinhold said that as such, Maverick Trading, decided to include crypto products in its offerings. The executive believes that the cryptocurrencies market is finally coming out of the “Wild West” period. He shared that it’s all being manageable from a risk management perspective.
Reinhold added that Maverick Trading’s customers will be allowed to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin. He said they will be allowed to trade in more cryptocurrencies with the acceptance and adoption of more brands.