Brokers: Irreplaceable Industry Players

As financial markets continue to evolve and globalize over recent years, brokers have taken on an increasingly critical role in the industry. They are now an irreplaceable part of the financial system.

Brokers didn’t emerge as a byproduct of financial growth. Instead, the legacy financial system owes its growth to brokers, a profession that can be traced back to the 14th century. Initially, brokers acted as intermediaries, facilitating transactions between buyers and sellers in commercial dealings and earning commissions in the process. Brokers’ roles vary in different fields. For instance, when trading agricultural products, a broker might be the intermediary for grain transactions, helping farmers deliver their produce to consumers while offering sales and market advice. In the shipping industry, brokers could be the intermediary for coordinating the transport of cargo and vessels between cargo owners, freight forwarders, and shipowners.

The role of brokers has evolved over time. In modern financial markets, brokers have become specialized institutions and individuals that provide investment and trading services. Investment brokerage firms offer services such as securities trading, asset management, and investment consulting. They place orders on behalf of clients, offering market insights and investment recommendations.

For financial investors, brokers are like a steady, reliable navigational system. Just as navigational systems plan the route for drivers and guide them to the destination, brokers help investors achieve their targets in financial markets based on individual risk tolerance, objectives, and time constraints, offering comprehensive financial expertise.

Many top players have stood out from the countless financial brokers with exceptional recognition and influence:

1. TD Ameritrade: As one of the largest online brokers in the U.S., TD Ameritrade offers trading services that span stocks, futures, foreign exchange, options, and more, as well as various research tools and trading platforms.

2. Interactive Brokers: Interactive Brokers is a global leader in online brokerage that provides trading services for stocks, futures, foreign exchange, and many other financial instruments. IBKR Crypto, an advanced product from Interactive Brokers, allows users to trade and hold major cryptos such as BTC, ETH, LTC, and BCH with commissions as low as 0.2% of the transaction value. Apart from that, users of this platform can also hold US dollars in their crypto accounts, trade additional tokens provided by Paxos Trust Company, and engage in crypto trading around the clock.

3. Robinhood: As one of the largest online stock brokerage firms, Robinhood offers the commission-free trading of U.S. stocks, ETFs, and cryptos. Robinhood’s crypto trading platform now covers 15 cryptos and offers real-time market movements.

In the crypto space, brokers also serve as the bridge between the market and users, providing a convenient, secure gateway to crypto investment. Given the complexity and volatility of the crypto market, users demand more market information and stronger analytical capabilities. In addition to data feeds, real-time market trends, and professional reports, some crypto brokers may also offer personalized services based on individual preferences and investment styles so that investors can make informed decisions. Moreover, brokers also help users mitigate trading risks and protect their interests by optimizing portfolios, controlling risks, and executing trades.

In a word, brokers foster more efficient and cohesive connections between the crypto market and users through professional services and top-notch digital information. Along with the rapid growth of the crypto market, crypto brokers are playing increasingly important roles. Top exchanges like Binance and Coinbase have already introduced their broker programs and platforms. CoinEx, a long-standing global crypto exchange, also recently announced its API Broker program, aiming to partner with more crypto brokers. CoinEx Brokers enjoy multiple privileges, including 1) rebate ratios starting from 40%, 2) access to CoinEx’s overall liquidity and market depth, and 3) the risk management systems and technical support of the exchange. CoinEx Broker Program welcomes copy trading platforms, trading bots/algorithms, quantitative strategy platforms, asset management platforms, wallet service providers, and market data/information platforms (apply for the program at:https://www.coinex.com/en/broker). Through its Global Broker Program, CoinEx aims to expand its global presence and deliver more professional trading services to meet diverse user demands.