As industries grow and the companies that compose them start to trade, marketplaces (most commonly known as exchanges) need to evolve and develop different functionalities to facilitate efficient capital allocation. Providing asset information and infrastructure as well as hedging possibilities like futures and options trading is the starting point for any successful exchange [1]. On this occasion we would like to explore one of these functionalities: margin trading. 

What is margin trading?

Is margin trading a sophisticated strategy reserved only for experienced traders and institutional desks? Well, not quite. When thinking about margin trading, one should think borrowing. Although there are quite complicated strategies that can be done with it, at its core, day margin trading can be boiled down to asking for assets (mostly cash), and later repaying it. 

Let’s say one wants to buy US$10,000 worth of a stock, but only has US$ 6,000. One option would be to simply buy the maximum amount, even if it’s not an efficient allocation (for diversification purposes, for example). The second option would be to ask for the remaining US$ 4,000, and return it (plus interest accrued, assuming no applicable commissions) later on. 

Benefits of margin trading

Of course, there are many advantages provided to the users of margin trading, and can be mainly categorized by users, and markets-as-a-whole benefits. The latter are enjoyed by all actors, not only margin traders.

Users	Market
Magnifying results. Through leveraging a position (borrowing to buy more than one could otherwise), there is an opportunity for improved return (profits).	Liquidity. Studies on stock markets have shown that  liquidity is higher when stocks become eligible for margin trading and that this liquidity enhancement is driven by margin traders’ contrarian strategies [2][3].
Bear markets. Shorting (borrowing an asset and selling it, and later returning it having re-bought it at a new price) provides an excellent possibility to take advantage of markets (or assets) in downward trends. Instead of only gaining when an asset appreciates in price, one can also benefit when it’s decreasing.	Price discovery. Although it’s not an open and shut case, many academic papers have encountered that counting with margin trading mechanisms (like intensified short selling) can help in the price discovery process, making it more efficient [4].
Diversification. Diversification benefits can be reaped from margin borrowing when original funds are not enough to position yourself in a large variety of assets because of its price or minimum buy-in. One can also act as lender and use those funds to buy other assets, without disregarding the original position.	Market volatility. Margin trading can reduce stock returns volatility, especially in markets where asset prices rise or decline sharply [5][6].
Lower interest rates and repayment flexibility. Usually, margin rates are pegged to federal rates, and are lower on several occasions. Traders also benefit from some flexibility on repayment, as long as their accounts meet their required margins.	Order book depth. While the impact of margin trading is not close to being academically settled, we suspect that having higher availability of funds for trading can have positive impacts on order book depth, and therefore on slippage [7].

Drawbacks of margin trading 

On the other hand, many of the margin trading benefits can be also seen as possible drawbacks:

• Enlarged losses. Similarly to magnifying gains, leveraged positions can have the same effect on losses. 
• Margin call risk and liquidation: Intrinsic to margin trading operations are some rules that must be followed. Meeting what is known as a margin call (a minimum equity position used as collateral for borrowing) is essential if one wants to avoid unwanted liquidation of your position.
• Order-book handled by exchanges against traders. There is an actual conflict of interests in the cases where exchanges manage the order-book and provide the leverage used by those who trade, and is especially recurrent in the digital assets world. Exchanges may have incentives to intervene in operations in order to liquidate certain actors’ positions. Users must do their own research and be aware of the risks entailed in every trading venue.
• Commission fees. Besides the interest paid for the money borrowed, every venue takes a commission for every transaction that utilizes margin trading, and can have sizable costs impacting the overall return of the strategy. Risk-adjusted returns must be used including all the former topics as a measure of the convenience of the strategy.

Conclusion and SCALABLE

Despite the effort of measuring the exact impact size that margin trading has, it is well known that margin trading availability can help both its users and the market in making the fund allocation process more efficient. This, however, does not mean that it comes without a cost; users should be well aware of its drawbacks and incorporate the added risk to their strategies.

At SCALABLE, we aim to provide every tool out there that can help our white label exchange infrastructure users get the best opportunity for success. Whether it is by our battle-tested security, deep liquidity or various functionalities (like margin trading), we can accommodate the needs, size, and requirements for your exchange to become as successful as possible.

 

 

 

 

References

[1] “Digital Asset Exchange: Main Functionalities .” Resources, Scalable Solutions, 7 Dec. 2020, scalablesolutions.io/news/digital-asset-exchange-main-functionalities/. 

[2] Qiong, Y. D. Y. W. (2011). Empirical Research on the Impact of Margin Trading on Liquidity and Volatility of Shanghai Security Market [J]. Journal of Central University of Finance & Economics, 5.

[3] ZHANG, B., Pan, L. I. U., & Allen, Y. A. N. G. (2017). The Impacts that Margin Trading has on the Liquidity of Underlying Stocks: An Empirical Research. DEStech Transactions on Computer Science and Engineering, (mmsta).

[4] Chang, E. C., Luo, Y., & Ren, J. (2014). Short-selling, margin-trading, and price efficiency: Evidence from the Chinese market. Journal of Banking & Finance, 48, 411-424.

[5] Chen, M. (2016). The Impact of Margin Trading on Volatility of Stock Market: Evidence from SSE 50 Index. Journal of Financial Risk Management, 5(03), 178.

[6] Zhu, J., & Zong, Y. (2018, December). The Impact of Margin Trading on China’s Stock Market Liquidity. In Third International Conference on Economic and Business Management (FEBM 2018). Atlantis Press.

[7] See our previous entry to dive deeper into liquidity and order book importance:

“The Impact of Liquidity for a Successful Exchange.” Resources, Scalable Solutions, 30 Sept. 2020, scalablesolutions.io/es/blog-es/the-impact-of-liquidity-for-a-successful-exchange/. 

Sources

Gu, D. (2018, July). Research on Influences of Margin Trading on Liquidity and Volatility of Market. In 2018 3rd International Conference on Education, Sports, Arts and Management Engineering (ICESAME 2018). Atlantis Press.

“Understanding the Benefits and Risks of Margin.” Fidelity, Fidelity Learning Center, www.fidelity.com/learning-center/trading-investing/trading/understanding-benefits-risks-margin. 

As 2020 leaves us with a bizarre taste, it is worth reviewing some of the highlights that helped in fending off a tough year, and glance over what blockchain trends 2021 can bring. The object of our passion has grown by every important metric out there. Blockchain technology and its applications, such as cryptocurrencies, have continued to gain traction and adoption throughout the world. 

2020 waving goodbye ended on a higher note, not only due to people’s hope for a better year. Despite the years’ confinement and on account of economies shutting down, many digital assets have had returns that varied from 50% to +600% in the top 10 (BTC + Blue chips), and are even higher for others. Maximums in hash rates, volume traded (on DEX and derivatives), and even scholarly references have propelled the industry to new levels, helping to set the scene for the time when it explodes.

Still, without disregarding what already happened, the question remains: what blockchain trends can we watch for in 2021? 

Messari and TheBlock (among others) have carried out extensive research and formulated several hypotheses as to what we should turn our focus to this new year. Some of the aspects we found most promising are explored below.  

Keep in mind that even if it is easy to pre-judge the next section as something that is constantly being talked about and not necessarily “revolutionary,” these are the blockchain trends that are still important to pay special attention to in the new year. 

Trend #1. Institutional adoption/capital (present in most of the following trends) 

Institutional presence can be perceived as what could be denominated a boom year in the digital asset industry. Both centralized and decentralized service providers in lending/borrowing, custody, clearing/settlement, liquidity providers, and derivatives (among others), have demonstrated the space capacity for accepting every type of player. Projects like BlockFi, institutional investors like Genesis and BitGo, and DeFi lending protocols such as Aave, Compound, and Curv, helped bring greater liquidity and stability to the industry. We expect this trend to intensify as a more heterogeneous group of investors enter the space. Traditional finance institutions such as Goldman Sachs, JP Morgan, Paypal, Nasdaq exchange and many others, appear to lead the cause for adoption of blockchain applications and the leveraging of its benefits [1][2]. The industry is ready to service institutional investors that are not only ready to take higher legal and operational risks, but those subject to the strictest fiduciary standards, as well.  

Trend #2. Stablecoins

One of the biggest growths seen in the space is attributed to stablecoins. Stablecoins grew their supply from US$ 5.9B to 26B in 2020 and are expected to increase at even higher rates in the coming time, given new information on how they are to be treated by institutions.

Initially, stablecoins were used as an alternative for unregulated exchanges that had no gateways to move within the digital assets realm. Later, they served as a way to keep funds locked in the digital asset universe as opposed to leaving through fiat gateways. Nowadays, evolved stablecoin issuing companies have the ambition to expand into payments, remittances, and become the on and off-ramps for banks and financial institutions.

Although they still face several challenges for widespread adoption, such as monetary sovereignty risk, AML/CFT compliance, regulatory uncertainty, blockchain guarantees and customer protection, the path is getting more straightforward. A recent letter from the US Treasury Office of Comptroller of Currency (OCC) emitted authority for national banks and federal savings associations to “participate in independent node verification networks (INVN) and use stablecoins to conduct payment activities and other bank-permissible functions” [3]. This helps in clarifying any legal uncertainties over the authority of banks to connect to blockchain as validation nodes.

Trend #3. DeFi

Decentralized finance (DeFi) has been adopting known principles from traditional finance. Token valuation and the role of governance set the basis for better value comparison than that of 2017 cryptocurrencies ATH, helping to diminish a “bubble-scenario” mentality, and have become clearer ahead of 2021. On a related note, traditional venture funding and M&A has recorded the most transactions in a year so far. With roughly US$ 3.1B allocated to blockchain projects and over 80 mergers amounting to  US$ 690M+ carried out by major players Binance, Coinbase, FTX, this type of transaction shows no signs of slowing down in the near future.

DeFi protocols are now measured in the billions, with DEXs exceeding US$100 billion in annual trade volume in 2020 (132x since 2019), and a total value locked in DeFi of US$19.06 billion [4].

This 2020 also marked itself as the year of banking in digital assets so far, regarding legacy fintech and financial services’ interest in digital assets, as many large financial companies accelerated their incursion in expanding blockchain capabilities. The opposite is also true. Some digital asset companies such as Kraken have already obtained a bank-like charter, called Special Purpose Depository Institutions (SPDI), and many others intend to follow [5]. 

Trend #4. CBDC

In spite of not having tremendous advances, one of the hottest topics of the past year (and most likely next year as well) are Central Bank Digital Currencies (CBDCs). 2020 marked an accelerated pace of new central bank digital currency (CBDC) conversation, research, partnerships, and advanced stages of pilots. With the Bahamas claiming the title of introducing the first CBDC, the race continues and has economies like China and Japan at the head. In fact, in a survey carried out in 2019 by the Bank of International Settlements, over 50 countries were carrying out work in CBDCs [6]. 

Trend #5. Regulatory landscape

A sensitive subject is (and will be for some time at least) the regulatory landscape that surrounds the digital asset industry. Possible tax enforcement escalation as well as the treatment that cryptocurrencies will receive (security versus non-security mainly) will continue to loom over the shoulder of every major player that has intentions to enter, while maintaining adequate compliance, high standards and reputation. One recent case of this is the actions the US Securities and Exchange Commision (SEC) has taken against Ripple, a centralized blockchain technology company that on several occasions raised funds amounting to US$ 1.3B through an “unregistered, ongoing digital asset securities offering” [7].

On the other hand, in even more recent news and as mentioned above, US regulation on stablecoins has proven to be friendlier to the space than expected [8]. 

Trend #6. Synthetics

Macro tail wind and momentum have propelled the growth in many cryptocurrencies. Although it’s not the only one, Bitcoin has especially leveraged the fact that it’s getting safer to be purchased. With it, many traditional (i.e not blockchain) companies have been looking to invest in it through new investment vehicles called “synthetics”. With Grayscale at its head, many funds were created to buy and actively manage established cryptocurrencies, offering publicly traded shares in its place, thus providing an almost direct exposure to underlying digital assets. This niche has only started to scratch its upside potential; JPMorgan noted that “$13.1 trillion went into bonds, $11 trillion into equities… and only $0.3 trillion into bitcoin” [8]. 

SCALABLE 2021

Our 2021 will have the same mentality we’ve had since the start; to provide the best technology and service to each one of our clients. We have the knowledge, technical capabilities and team to fulfill customized and challenging blockchain projects. Naturally, we’ll continue improving and maintaining our standard (industry’s best practices) and further develop new technologies. Planning an exchange or blockchain based project in 2021? Get in touch with us today. 

 

 

 

 

 

 

References

[1] Kentouris, Chris. “Digital Asset Market 2021: The Year of the Institutional Investor?” FinOps, 7 Dec. 2020, finopsinfo.com/regulations/rules/digital-asset-market-2021-the-year-of-the-institutional-investor/. 

[2] “Digital Assets and Institutions: The New Whales.” Scalable Solutions, 10 Dec. 2020, scalablesolutions.io/news/institutions-and-digital-assets-the-new-whales/. 

[3] “Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities.” OCC, 4 Jan. 2021, www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html. 

[4] “DeFi Pulse: The DeFi Leaderboard: Stats, Charts and Guides.” DeFi, 5 Jan. 2021, defipulse.com/. 

[5] DiCamillo, Nathan. “Kraken Becomes First Crypto Exchange to Charter a US Bank.” CoinDesk, CoinDesk, 17 Sept. 2020, www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law. 

[6] “What Are the Main Goals for Central Banks in 2021?” International Banker, 4 Jan. 2021, internationalbanker.com/banking/what-are-the-main-goals-for-central-banks-in-2021/. 

[7] “SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering.” Sec.gov, 22 Dec. 2020, www.sec.gov/news/press-release/2020-338. 

[8] Please see the stablecoin section, as well as keeping in touch for our next pieces on regulation of stablecoins.

[9] McCall, Matt. “Cryptocurrencies Outlook 2021: The Best Performing Asset Class Is Primed for More.” Nasdaq, InvestorPlace, 23 Dec. 2020, www.nasdaq.com/articles/cryptocurrencies-outlook-2021:-the-best-performing-asset-class-is-primed-for-more-2020-12.

Sources

Arslanian, Henri. “10 Predictions for 2021: China, Bitcoin, Taxes, Stablecoins and More.” CoinDesk, CoinDesk, 24 Dec. 2020, www.coindesk.com/10-predictions-for-2021-china-bitcoin-taxes-stablecoins-and-more.

TwoBitIdiot. “Crypto Theses for 2021.” Messari.io, Bitstamp, Babel Finance, 17 Dec. 2020, messari.io/pdf/messari-report-crypto-theses-for-2021.pdf. 

“The Block Research – 2021 Digital Asset Outlook Report.” The Block, Genesis, EToro, 27 Dec. 2020, www.theblockcrypto.com/post/88463/2021-digital-asset-outlook. 

White label concept

When setting out to create any type of tangible or intangible structure, businesses estimate what the entire cost will be, and usually carry out extensive analysis on expected cash flows, along with sensitivity calculations, scenario analysis, and more. On many of these occasions, the costs of developing such structures may outweigh the benefits, or it can even take a long time and a great deal of resources that would be better allocated elsewhere. This is where the white label concept comes in.

White label is a term used to describe selling a product or service, while letting the buyer rebrand it to make it appear as their own. It implies a raw generic commodity, later to be rebranded and customized with the company’s identity so it can be used as a proprietary product. This business line can be used for both tangible and intangible products and services. Walmart’s Great Value brand, for example, doesn’t actually produce every product it sells, but rather buys most of them from other companies with the right to sell the products as its own. On this occasion we will focus on digital asset white label exchange technology, better known as Software-as-a-Service (SaaS).

Contrary to each company developing their own technology infrastructure, white label has the power to improve most aspects of the software and service process. The main benefits white label technology provides to users include its ability to easily deploy the technology, its cost and time efficiency, and the fact that most or all of its features can be tailored to client needs, letting them focus on what’s important, leaving the inconvenience of development to capable industry companies.

White label digital asset exchange

In the digital asset industry, digital asset exchanges are constantly being developed, and competition grows as the number of players increase. Over 300 exchanges are currently listed in CoinMarketCap, and a thousand exchanges are listed in Blackspot [1][2]. This comes to show that even if we know that the amount is growing, it is but a fraction of the total amount out there. 

Developing a digital asset exchange can be a daunting and demanding task, requiring considerable technical expertise, time and resources. A full review and guide has been laid out earlier in our blog, in our article entitled: ‘How to set up a digital asset exchange’ and can be found on our Resources page. Similarly, inn4science developed and documented the time and resources it took to build a digital asset exchange from the ground up, showing it can take from 1.5 months to get a MVP, and over 9 months to complete the fully functional exchange [3]. It can be even more challenging for institutions that have to go through a lot of bureaucracy to have the project approved. Such is the case of financial institutions, who are coincidentally the ones with the most incentive to provide such services. White label digital asset exchanges have the advantage of taking a fraction of that time, assured to have minimal (or no) complications, developed by industry’s most advanced teams, and can customize every major and minor aspect, giving the possibility of bringing the company’s vision on what the exchange should provide its target audience.

Your white label exchange partner

In Scalable you can find a well-equipped team committed to help you succeed. We provide state-of-the-art battle tested white-label technology that has never been compromised. We also count with a dedicated client support team that can help you focus on what matters most, without having to worry about the technical infrastructure. In a matter of weeks you can have a fully-functioning, industry flagship digital asset exchange running, connecting your clients to the deepest liquidity pools. All of this without having to go through the nightmare of extensive development and the constant trial and error that characterizes this industry.

Learn more about us and our technology! 

For insights from leading experts on how to build an exemplary exchange, discover one of our latest projects here.

 

 

 

References

[1] “Top Cryptocurrency Exchanges Ranked By Volume.” CoinMarketCap, 2020, coinmarketcap.com/rankings/exchanges/. Accessed December 21st, 2020.

[2] “List of All Crypto Exchanges: 1000+ Exchanges Listed.” Blockspot.io, 2020, blockspot.io/exchange/. Accessed December 21st, 2020.

[3] Vasylchykov, Maksym. “Making a Cryptocurrency Exchange: Does It Make Any Sense in 2019 and How To Do It?” Inn4Science Blog, 17 July 2020, www.inn4science.com/blog/how-to-create-a-cryptocurrency-exchange-step-by-step-with-our-expertise/. 

Sources

Garcia, Maria. “Top Ten White Label Cryptocurrency Exchange Solutions Provider.” Medium, Medium, 7 June 2019, garcia-maria.medium.com/top-ten-white-label-cryptocurrency-exchange-solutions-provider-b4d466eea52a. 

Tymchyshyn, Oleg. “What Is White Labeling? How, Where, and When to Apply?” Smartyads, Feb. 2020, smartyads.com/blog/what-does-white-label-mean-in-business/. 

“What Is a White Label Cryptocurrency Exchange?” Medium, Best White Label Exchange, 26 Feb. 2020, medium.com/@whitelabelexchange/what-is-a-white-label-cryptocurrency-exchange-e763111cb4e5. 

The 3-year awaited bull-run

The father-and-son of blockchain technology, Bitcoin, has recently risen over it’s all time high (ATH) and blasted through the US$ 30.000 mark on the morning of the 2nd of January 2021 [1]. For those in the digital asset industry, this episode has a much higher value than the price appreciation and potential monetary gains that come with it; it is about adoption. Adoption of a technology we believe is – and will continue – changing the world in ways we can’t imagine. Adoption, not only from savvy developers and quick-scheme investors, but from a massive retail base and financial institutions worldwide.

Outages, what are they and their consequences.

Yet, the milestone didn’t come alone. Arguably, it wouldn’t have come at all had it not been for its close friend, volatility. Along with the good news, volatility indirectly caused outages across major cryptocurrency exchanges. Scaling connectivity issues arose in Binance and Coinbase exchanges, based on a non-linear relationship between price change and traffic (if Bitcoin rose 5%, traffic would increase by 30 times [2]) [3]. 

“Outages usually come along with poor performance such as APP/API/WEB getting stuck, latency and even failure to place/cancel orders, because there are too many requests from the traders to proceed for the server (the exchange), thus the match system unable to load all these requests and finally ‘overloads’” [4]. 

This is not the first time it happens. In 2020 alone, multiple occasions of outages due to price surges of digital assets (Bitcoin mainly) impacted numerous exchanges, including BitMEX, Kraken, and the previously mentioned Binance and Coinbase [5][6][7][8]. 

Users’ inability to access their funds and portfolios during times of high volatility could cause the liquidation of positions and/or extreme losses [9]. Having robust technology, a risk mentality (asking ‘what could go wrong?’ on every process), and the right mechanisms in place to monitor those risks (varying traffic and submitted orders, for example), is essential for the success of any digital asset exchange.

SCALABLE White Label 

With Scalable Solutions, you found a partner to White-Label your Digital Asset Exchange that religiously surpasses industry standards in every area of importance, with no unscheduled downtime or unexpected system failures that could disrupt trading activities, backed up with an SLA (Service Level Agreement). During Bitcoin’s all time high run, our clients did not experience any outages or issues with their infrastructure despite high demand. With latency below 800 microseconds, over 100,000 transactions per second, high-octane order-matching engine, up-time over 99.99% and 300 billion orders processes worth over US$2 trillion, we try to lay out the unmatched technology that makes us proud, and our clients successful. 

 

 

 

 

 

References

[1] It broke its previous ATH with a valuation of US$ 23.800 in Binance on the 16th of December, and has set a new level at ~ US$ 34.780.

[2] Zhao, Changpeng (cz_binance). “Still some latency issues here and there. Working on it, all hands on deck. Folded hands. Bitcoin goes up 5%, traffic goes up 30x.” 16 December 2020. 11:46 AM. Tweet.

[3] Pirus, Benjamin. “Binance and Coinbase Suffer Outages as Bitcoin’s Price Soars.” Cointelegraph, Cointelegraph, 16 Dec. 2020, cointelegraph.com/news/binance-and-coinbase-suffer-outages-as-bitcoin-s-price-soars?utm_source=Telegram. 

[4] “Huobi Vice President Share Opinions on Understanding Why Cryptocurrency Exchanges Can Face Outages.” PR Newswire, 18 Sept. 2020, www.prnewswire.com/news-releases/huobi-vice-president-share-opinions-on-understanding-why-cryptocurrency-exchanges-can-face-outages-301134042.html. 

[5] Pirus, Benjamin. “Bitcoin Go up, Coinbase Go down: Exchange Outages and Trader Outrage.” Cointelegraph, Cointelegraph, 23 Nov. 2020, cointelegraph.com/news/bitcoin-go-up-coinbase-go-down-exchange-outages-and-trader-outrage. 

[6] Wright, Turner. “Coinbase Repeats Pattern of Shutting Down When Bitcoin Gets Volatile.” Cointelegraph, Cointelegraph, 3 June 2020, cointelegraph.com/news/coinbase-repeats-pattern-of-shutting-down-when-bitcoin-gets-volatile. 

[7] Abdel-Qader, Aziz. “Major Crypto Exchange Suffer Outage During Bitcoin Surge.” Finance Magnates | Financial and Business News, Finance Magnates, 29 Apr. 2020, www.financemagnates.com/cryptocurrency/exchange/major-crypto-exchange-suffer-outage-during-bitcoin-surge/. 

[8] Bambrough, Billy. “Sudden ‘Major’ Outage Sparks Serious Bitcoin Exchange Warning.” Forbes, Forbes Magazine, 20 May 2020, www.forbes.com/sites/billybambrough/2020/05/20/sudden-major-outage-sparks-serious-bitcoin-exchange-warning/?sh=41044eed3a70. 

[9] Haig, Samuel. “Volatility: $230M in BitMEX Liquidations Hit Bulls and Bears Alike.” Cointelegraph, Cointelegraph, 3 June 2020, cointelegraph.com/news/volatility-230m-in-bitmex-liquidations-hit-bulls-and-bears-alike.

Scalable Solutions and Mercuryo have partnered to offer integrated cryptocurrency and fiat payment gateway within their exchange infrastructure. 

Scalable Solutions is a global blockchain technology company specializing in institutional-grade trading software that serves as a B2B solution for Exchanges and Brokers. The white-label platform has processed orders worth over $2tn, without ever being compromised. 

The integration with  Mercuryo, a multicurrency crypto payment gateway that allows users to easily buy, sell, store and pay with cryptocurrency, creates a seamless experience for all clients who opt to use the gateway. It allows users to buy a selection of digital assets with a bank card, benefiting from low purchase fees. Among the accepted fiat currencies there is the US Dollar, the Euro, British pound, Japanese yen, South Korean won, Russian ruble, Turkish lira, Ukrainian hryvnia and Argentine peso. Thus, a client operating a cryptocurrency exchange or wallet using Scalable’s technology can gain even more flexibility and accessibility with the add-on crypto payment gateway, without sacrificing security. 

Get in touch here to find out more. 

 

About Mercuryo

Mercuryo is an ecosystem of payment processing solutions founded in 2018. The company enables a payment fiat-to-crypto gateway for cryptocurrency exchanges and wallets along with acquiring solutions. Mercuryo aims to increase service features for the African, Latin American, and South-East Asia regions.

For more information, please visit: https://mercuryo.io