Coinsetter and Shift Forex Release Bitbroker, Bitcoin Liquidity for Forex Industry | Coinspeaker

Coinsetter and Shift Forex Release Bitbroker, Bitcoin Liquidity for Forex Industry

June 18th, 2015 at 12:01 pm UTC · 3 min read

Coinsetter, the global bitcoin exchange based in New York City, and Shift Forex, a leading foreign exchange consulting firm, today announced the launch of Bitbroker, a new bitcoin liquidity and market data service for foreign exchange brokers.

Bitbroker enables forex brokers to add bitcoin as a trading option within existing margin FX infrastructures, with full support for MetaTrader 4 via an MT4 bridge. Coinsetter’s high performance, low latency bitcoin exchange was built for institutional and professional traders who demand reliability and tight spreads. Coinsetter’s liquidity is accessible through the bitcoin industry’s first Wall Street-caliber FIX 4.4 API, with ironclad security provided by Securicoin®.

Since January, Coinsetter has offered businesses and other select customers access to margin trading and post-trade settlement. In addition to high performance technology, Bitbroker further supports brokers with margin trading and shorting, providing up to 5:1 leverage to make integration less capital intensive. Brokers can connect via FIX API or a MT4 bridge.

“We built Coinsetter to support institutional liquidity and low latency trade execution, which makes it an ideal fit for FX brokers globally,” said Jaron Lukasiewicz, CEO of Coinsetter and Cavirtex, the leading bitcoin exchange in Canada. “We’ve worked closely with Shift to develop Bitbroker, a comprehensive and truly turnkey solution for the market that we are excited to launch today.”

“Bitcoin is a natural product extension for FX brokers worldwide,” said Ian McAfee, CEO of Shift Forex. “With its extensive liquidity, margin and API solutions, Coinsetter was the clear choice for a turnkey liquidity service for our broker clients. We are excited to bring this cutting edge product to a broader global market.”

About Shift Forex LLC

Shift Forex is a boutique consultancy with expertise across technology, liquidity, risk management, recruiting, compliance, sales, and marketing. Clients include start-up, middle market, and established FX and CFD brokerage and technology firms, as well as banks, exchanges, and hedge funds. The firm’s services span the business life-cycle from market entry through growth to exit strategy. Established in 2009, Shift’s team of 20 professionals services a global base of over 100 clients from its New York City headquarters and London office.Shift also hosts the global FXIC event series. FXIC NYC 2015 took place this month on June 12, 2015 with other events scheduled in Latin America and Asia. For more information please visit the Shift Forex website.

About Coinsetter Inc.

Founded in 2012, Coinsetter is Wall Street’s leading global bitcoin exchange. Coinsetter’s New York-based exchange offers margin trading for businesses, the most established APIs for professional traders, high uptime, low latency trade execution, enterprise bitcoin security by Securicoin, deep liquidity and attractive pricing. Visit the Coinsetter website to learn more.


David Wachsman

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