Axi Follows Pepperstone and IG with Direct 'Buy Crypto' Launch

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Axi has launched a new crypto service called Axi Buy Crypto.The product allows clients to buy, sell, or hold cryptocurrencies directly onthe platform.The launch follows a broader trend among CFD brokers intodirect crypto trading. CFD broker Pepperstonerecently launched a dedicated spot crypto exchange for Australian users,listing five cryptocurrencies and two stablecoins paired against the Australiandollar. In the UK, IGGroup has also entered spot crypto after obtaining a cryptoasset licencefrom the FCA.Buy Crypto Launch Follows Perpetual ContractsAxi said the crypto market continues to grow but remainsvolatile and complex. The company stated that the new service is intended tosimplify the process of buying and holding cryptocurrencies within its existingtrading environment.Stuart Cooke, Head of New Business at Axi, said the firm hasbuilt its reputation on “credibility, transparency, and innovation.” He addedthat “digital asset investing should meet the same professional standards asany other financial market,” and that the launch aims to ensure clients have“the tools and support they need to engage responsibly.”The launch follows Axi’sintroduction of fiat-settled crypto perpetual contracts last year, whichallowed traders to access crypto derivatives without converting funds intostablecoins. The contracts are settled in fiat currencies, which thecompany said reduces counterparty risk and improves transparency. The move cameamid ongoing regulatory and industry concerns about transparency and investorprotection in crypto markets.Buy Crypto Offers Tools, Education, AccessThe company outlined several features of the new service,including access to major cryptocurrencies through a unified platform,competitive pricing, and integrated tools and educational resources to supportinformed decision-making.Cooke said clients are seeking to diversify into crypto witha reliable partner. He added that the product “delivers simplicity withoutcompromising on transparency or security.”This article was written by Tareq Sikder at www.financemagnates.com.