Story Highlights
- New crypto exchange Tradu launches, backed by investment bank Jefferies and leveraging expertise from the FXCM platform.
- Tradu offers competitive fees (0.1% commission) and transparent pricing to attract active traders.
- Global rollout planned, with initial focus on Asia, Latin America, Africa, and future expansion into Europe and the Middle East. (US excluded because of past regulatory hurdles)
Retail forex and stock trading platform Stratos, now fully owned by investment bank Jefferies, has launched a new crypto exchange, Tradu. This comes after Stratos’ successful FXCM platform, known for user-friendliness, entered the multi-asset trading space last year.
Competitive Fees and Transparency
Tradu positions itself as a budget-friendly option for active traders. With a standard commission of just 0.1%, it rivals industry leaders like Binance. They claim additional rebates for larger trades, further sweetening the deal for high-volume investors. This focus on transparency extends to spreads, promising tight margins between buy and sell prices. “We’re bringing institutional-grade efficiency to the retail market,” said Tradu CEO Brendan Callan, emphasizing the platform’s commitment to maximizing returns for users.
Global Reach, Cautious US Approach
While Tradu is currently operational in Asia, Latin America, and Africa, its sights are set on wider expansion. The future roadmap includes the UK, Europe, and the Middle East. Notably absent is the US market, where Stratos ceased operations in 2017 following regulatory issues. This cautious approach indicates Tradu’s prioritization of establishing a strong foundation before navigating the complexities of US crypto regulations.
Tradu leverages Stratos’ experience in retail trading platforms to provide customer support and ensure clear communication regarding fees. Additionally, Jefferies’ past involvement with blockchain companies like Provenance, a real estate-focused platform, hints at a potential openness to further crypto ventures.
Tradu’s entry into the crypto exchange arena presents a new option for traders seeking a user-friendly platform with competitive fees. Their global ambitions, coupled with the legacy of Stratos and Jefferies, will be interesting to watch as they navigate the ever-evolving world of cryptocurrency.
