Maxwise – Making The Best Out Of Crypto Trading 0 1563

About the brand

Since the broad crypto market bull run has become unstable and valuations are retracting from all-time highs by a wide margin, some people have begun to question whether this market remains appropriate for trading.

In our opinion, the answer remains “YES”, especially when working with brands like Maxwise. The company specializes in cryptocurrency trading, offering a solution that works both when markets go up or down. At the same time, there are several features that help you gain an edge, and 5 of them are described below.

trading with Maxwise
max-wise.com

Gaining an edge with Maxwise

  • Maxwise crypto asset variety – there are endless possibilities for building a competitive crypto portfolio using derivatives, that carry tight costs and no commissions. Maxwise currently covers tens of cryptocurrencies, providing a solution for traders who are keen on being 100% engaged with this asset class.
  • A friendly user interface – another important benefit is the trading software. Built from scratch by the company, this web-based solution addresses both traders who are just getting started and those who already have an established trading background. With advanced graphs, management tools, multiple order types, market news, and other embedded tools, using the WebTrader can be a fruitful choice for most traders. It’s lightweight and does not require any installation.
Maxwise the user-friendly interface
max-wise.com
  • Safety features – Maxwise proves that ensuring strong security while dealing with digital assets is possible. First, the brand deploys advanced trading technologies, especially when it comes to encryption and keeping customer funds safe. Second, users are advised to fortify their accounts using strong credentials. Last, but not least, payments are conducted via secured channels. All in all, it seems like security is a top priority for Maxwise.
  • Dedicated support – All of the work done by a trading brand is pointless, if it doesn’t offer proper support and guidance to clients. When technical inquiries arise or when additional information is needed, Maxwise stands ready to act, with its professional customer service which can be accessed via its website.
  • Learn with Maxwise – in case you want to read more resources on topics that deal with digital assets and crypto trading, the Maxwise blog is one of the places worth checking out. On top of ensuring competitive conditions for customers, the brand is aware that in order to attract new traders, it needs to make sure they understand how the crypto industry works. Additionally, with proper education traders can adopt a professional approach and not rely on hunches when placing trades.
Maxwise trading brand logo
max-wise.com

Ending thoughts on Maxwise

All of the information available at max-wise.com suggests that the brand is passionate about digital asset markets and remains committed to ensuring a tailored crypto trading offer. That is very important, now that so many trade opportunities emerge each day.

Traders have plenty of assets to choose from and, with the WebTrader designed by the company, they can stay connected to market developments from any place on earth. However, keep in mind that US residents can’t open an account with MaxWise. Also, it’s solely focused on digital assets.

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IMF Says Russia and Iran May Use Crypto Mining for Monetizing Energy 0 42

The April 2022Global Financial Stability Report of the IMF has highlighted the consequences of the ongoing Russian invasion of Ukraine. The document said that the role of the US dollar was bound to be affected because of the conflict, as it would lead to the introduction of central bank digital currencies (CBDCs) and the global financial system’s resiliency would also be put to a test. The climate transition goals could also be put at risk because of the priorities associated with energy security. Another issue that would have to be dealt with in the coming years by lawmakers is the ‘cryptoization’ which is likely to occur because emerging markets are experiencing a widespread use of crypto.

IMF cited an increase in crypto trading volumes seen after the introduction of sanctions on Russia to back their statement. This included the financial penalties that had been imposed by Western nations on Russia because of its military invasion. The report said that such cross-border transactions were increasing in the long-term, which means that there would be challenges when it comes to imposing sanctions and managing capital flow. The IMF noted that crypto transactions have increased in both Russia and Ukraine because of the capital restrictions that have been imposed.

However, it is important to note that there has been a fall in liquidity in centralized exchanges where the hryvnia and ruble trading pairs are concerned. Therefore, using crypto exchanges for making large transfers has become rather impractical due to reduced liquidity. But, the IMF admitted that users do have the option of evading some measures via the crypto ecosystem because the identity verification requirements are quite lax in this industry. Hence, the international organization said that blocking new deposits of ruble and freezing crypto assets meant that users could have shifted to non-complying or less transparent crypto platforms and service providers.

Experts at IMF believe that both Russia and Iran could circumvent their respective sanctions via crypto mining. The nations could use their energy resources for generating revenue via crypto mining outside of the traditional financial system. Currently, the countries have a limited share of crypto mining activities, but there is a possibility that it could be increased, considering the size of the mining industry. The IMF quoted estimates showing that almost 11% of the mining revenues of bitcoin could have gone to Russia, which was around $1.4 billion per month, while Iran’s share had been 3%.

Bank of England Says Crypto Assets have Financial Stability Risks 0 81

On Thursday, the Financial Policy Committee of the Bank of England disclosed that they are working on developing a regulatory framework for digital assets. The central bank also made a reference to the sanctions that have been imposed because of the war between Russia and Ukraine in the statements. Bureaucrats and financial regulatory authorities all over the world have become increasingly concerned in recent times that Russia could take advantage of crypto assets to bypass the economic sanctions that have been imposed. The press statement of the BOE said that it was unlikely for crypto assets to provide Russia with a feasible way to get around sanctions at a large scale for now, but there was a possibility they could do so.

Therefore, it is a must to ensure that there are effective public policy frameworksthat can accompany innovation in crypto assets for maintaining the integrity and trust in the financial system. The crypto economy has been highly criticized by some members of the Bank of England for quite a while. Last year in mid-November, Andrew Bailey, the Governor of the Bank of England, had expressed his concerns about the adoption of bitcoin as legal tender in El Salvador. Sir Jon Cunliffe, the deputy governor for financial stability for the central bank, said in the following month that prices of crypto assets could drop to zero.

On Thursday, the report of the FPC talked about financial stability. The committee of the central bank noted that the FPC is assessing the risks to the financial system’s stability and it has concluded that these are currently limited. This is because their size remains limited for now and they are not that connected with the wider financial system. However, the FPC said that if they continue to grow at the same pace, and if they become interconnected with the overall financial system, then these crypto assets could pose a risk to the stability of the financial system.

Since the conflict between Russia and Ukraine began, politicians and lawmakers all over the globe have been discussing, developing, or even proposing laws aimed at regulating and researching digital currencies. The FPC’s statements on Thursday show that the BOE wants to classify crypto assets in the same category as it does traditional financial assets. Not only does the FPC plan on developing a regulatory framework that would govern digital assets, it has also mentioned stablecoins.

The FPC said that a major stablecoin that does not have a reliable deposit guarantee could turn out to be a risk to the UK’s financial system. According to the committee, if they introduce a systemic stablecoin, which is backed through a deposit mad with a commercial bank, it would result in significant risks to the stability of the financial system. All of this talk about crypto has been brought forward because of the Russian-Ukraine conflict and the possibility of the former using cryptocurrencies to evade the tough economic sanctions that have been imposed by Western nations due to its actions.

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