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Axi, a global CFD broker, has launched a direct cryptocurrency trading service called 'Axi Buy Crypto,' allowing clients to buy, sell, or hold major cryptocurrencies directly on its platform. This follows similar moves by peers like Pepperstone (Australia) and IG Group (UK), who recently entered the spot crypto market. Axi's service emphasizes fiat-settled contracts, reducing counterparty risk and improving transparency, while offering educational tools and competitive pricing to support informed trading decisions. The shift reflects growing demand for direct crypto access amid regulatory scrutiny and market volatility. For traders, this expansion simplifies participation in crypto markets without relying on stablecoin conversions, which have faced criticism for lack of transparency. The move also signals CFD brokers' strategic pivot toward diversifying offerings to meet evolving investor needs. For markets, Axi's entry reinforces the trend of institutional-grade infrastructure entering crypto. Traders should monitor regulatory developments, particularly in the Gulf, where demand for crypto services is rising. Key assets to watch include Bitcoin and Ethereum, as their adoption by major brokers could influence price dynamics and liquidity.
