Jan Stromme Launches Crypto Proprietary Trading Store
The former head of global affairs for eFX sales and distribution for the XTX markets has launched a new platform that seeks to trade crypto props. Jan Stromme’s new company is known as Aphaplate and it already has six shareholders. The company will use quantitative analysis to focus on digital assets.
Jan Stromme is a veteran in the forex trading industry and has held senior positions in the global financial industry. Some of the companies that he has served in include Reuters, DNB and GSACapital.
Alphaplate was formed in December when the crypto market was at its peak. Stromme and his team have been laying the framework for a successful entry into the crypto space.
What Does Aphaplate Bring To The Table?
To start with the formation of this company is a positive move for the crypto space. There’s no denying that when great minds such as Jan Stromme’s commit to creating a company to handle digital assets, there are numerous others who are working on the same. Actually, in recent times, various executives dealing in forex have been vocal about cryptocurrencies and their great potential.
Jan Stromme’s experience and excellence in trading will attract other forex influencers into the crypto industry. One of the attractive aspects of trading forex is volatility which is also rampant when it comes to cryptocurrencies. Despite the incredible drop in the prices of various cryptocurrencies, the market has provided numerous opportunities for lucrative trades.
The sharp drop in the prices of altcoins has provided a fertile ground for crypto trading especially because the price of Bitcoin is relatively stable. Of course there are a lot of contrasting opinions about the future of crypto which has led to serious market instabilities. One thing that’s clear is that the crypto space has generated a lot of interest from traditional financial giants as well as governments around the world.
Let’s see what Jan Stromme and his team will contribute to the growth of crypto. But every small but positive step in the crypto space will help grow the industry. It will be interesting to see whether more forex traders follow suit.