Crypto FX

Trade Cryptocurrencies easily – Gain exposure to leading Cryptocurrencies – without having to open a crypto exchange account

What is Crypto FX

Crypto FX offers a seamless blend between the traditional FX offering and the world of decentralized cryptocurrencies. It is essentially a leverage FX product variation used to participate in the cryptocurrency space by pairing with major fiat currencies and traded over-the-counter on a margin basis.

Participants can hold long or short position to take advantage of both market rallies and corrections. There is no underlying cryptocurrency associated with the Crypto FX position and no crypto wallet required.

Crypto Pair	Minimum spread
Crypto Pair	Rookie SGD 19,999 and below	All-Star SGD 20,000 – 50,000	Hall of Fame SGD 50,001 and above
BTCUSD	140	130	120
BTCEUR	120	110	105
BTCJPY	16000	15000	14000
ETHUSD	8.2	7.8	7.4
ETHEUR	6.8	6.4	6
ETHJPY	950	900	850

Risk transparency

Cryptocurrencies have become known for their extreme fluctuations in prices. While there is potential for significant gains, please understand the risks before investing.

Crypto FX FAQs

What are the Crypto FX pairs available on the trading platform?

Currently we have the following pairs available on our BOOST trading platform:

Cryptocurrencies offered	Major currencies paired with
Bitcoin (BTC)	USD EUR JPY
Ethereum (ETH)	USD EUR JPY

Do I need a crypto wallet to trade Crypto FX?

A crypto wallet is not required because there are no physical cryptocurrencies involved. There is no physical settlement or delivery of the underlying cryptocurrency and no deposits and withdrawals of cryptocurrencies supported. You can use your existing accounts with us to trade the Crypto FX pairs.

How do I gain access to trade Crypto FX?

Crypto FX are categorised as unlisted Specified Investment Products (SIPs). The Monetary Authority of Singapore (MAS) requires us to assess your investment knowledge and experience through Customer Knowledge Assessment (CKA) before you are enabled access to this product.

What happens if I do not fulfil any of the Customer Knowledge Assessment (CKA) criteria?

You may still qualify to trade Crypto FX if you go through and pass the ABS-SAS E-Learning Modules.

What must I do to have Crypto FX enabled for my account?

You may email your request to [email protected]. The team will send you a Risk Warning which highlights some of the risks associated with trading Crypto FX. You must acknowledge your understanding and acceptance of the associated risks via email reply.

Is Crypto FX traded on margin basis?

Yes, CryptoFX is a leveraged product and is traded on margin basis. You will need to have sufficient funds in your trading account in order to initiate and maintain your trades and positions.

What are the required margins for Crypto FX?

Currently we have the following pairs available on our BOOST trading platform:

Cryptocurrencies offered	Initial Margin	Maintenance Margin
Bitcoin (BTC)	50%	40%
Ethereum (ETH)	60%	50%

Is there a financing cost for Crypto FX position?

Yes, an open position held overnight will be rolled over to the next available business day depending on the fiat currency. The Tom/Next swap point applied is derived from the interest rate differential between the crypto funding rate and the interest rate on the fiat currency.

What are the trading hours for Crypto FX?

Crypto FX follows standard FX trading hours and is not traded over the weekend while the underlying cryptocurrencies continue to trade over the weekend, as such, you need to be mindful of the exposure risks on your positions.