eToroX – Cryptocurrency Exchange Volume and Information

eToroX is the professional crypto exchange of eToro, an innovator and leader in the field of Fintech. Conceived and designed exclusively for corporate, institutional-grade crypto traders, algo traders, day traders and high net worth individuals, eToroX exchange is a highly effective, trusted and secure crypto trading solution. With an ever-growing collection of cryptoassets, including cryptocurrencies, stable coins and the infrastructure to support tokenized assets, and features created for serious traders, we offer our traders every solution and opportunity that they could possibly need for world-class professional cryptoasset trading.

Innovative leaders in blockchain, crypto and security

We consistently leverage the wealth of experience, knowledge and expertise boasted by our in-house experts and innovators. Numbering among our ranks some of the best and brightest in the fields of security, blockchain and crypto, we have used this to our advantage to create a fully professional crypto trading experience for corporate and institutional-grade traders across the globe.

Product suite for professionals

Our know-how, together with our experience in the crypto arena, has allowed us to develop a dedicated, comprehensive, and professional crypto product suite, which incorporates:

• A streamlined, powerful and robust matching engine
• The FIX API protocol, enabling faster and smoother integration and authentication, reducing friction and cost
• A credit program for spot trading, to allow our customers additional liquidity when trading
• A Fiat gateway via bank option, offering near-instant transfers to a broad range of institutional clients
• A state-of-the-art, military-grade, cold storage CaaS (Custody as a Service) solution
• A range of special order types including such various special TIF and Iceberg orders
• The assurance and safety of enterprise-grade cybersecurity capabilities
• An exclusive, world-class, VIP on-boarding process

Liquidity, security, transparency

We offer professional and institutional-grade crypto traders the security and transparency of a regulated crypto powerhouse, utilizing the liquidity for which eToro is renowned, with full exposure to the volumes produced by the eToro trading platform.

The World Standard for Professional API Trading

The FIX API protocol, with its unsurpassed capability to reach a speed of up to 100,000 orders per second, is the default API protocol within eToroX’s professional product suite. Positioned as the world standard in the traditional finance arena for professional trading, FIX API enables faster and smoother integration and authentication, thereby reducing friction and costs.

Institutional traders from the world of traditional finance can be assured that a smooth transition awaits them when they diversify into crypto on eToroX. REST and WebSocket API protocols are also available on eToroX.

Enhance your trading power

To allow eToroX users to be able to use their money as they see fit, in the smartest possible way, and to boost our users’ trading power by providing them with additional liquidity, eToroX provides a credit line program for spot trading.

The credit line, as opposed to leverage trading, enables you to enhance your account liquidity, regardless of your trading positions. Practically speaking, this means that eToroX’s Credit Line program is a per user account option rather than per position, all the more exclusive by virtue of eToro being a regulated trading venue.

How it works is simple:

• Make a deposit of a minimum of $10K.
• Take a credit line of x5, and you have $50K to trade with.

The Credit Line program offers users an easier way to manage their positions, enabling them extended access to deep regulated liquidity. Based on the collateral of USD and other digital assets (See explanation about Margin Impact Parameter below), users can utilize eToroX’s line of credit, allowing them to trade with additional liquidity.

How does the Margin Impact Parameter (MIP) work?

 The Margin Impact Parameter (MIP) on eToroX is a value that applies to all assets. The value determines the extent to which the balance in a given asset will be evaluated as part of the portfolio balance for clients with a credit line. The MIP protects clients using the credit line against market risks associated with less frequently traded cryptoassets or those which have a smaller market cap than the more established asset classes.

The Margin Impact Parameter (MIP):

• All supported digital assets available for trading on eToroX are assigned a Margin Impact Parameter (“MIP”). The MIP is a value between 0 and 1 which determines the extent to which an asset will be valued as part of the balance in your account, if you have opened a credit line on eToroX: 
• If an asset class is denominated with an MIP of 1 (100%), the market value of the asset will be evaluated fully as part of your balance. 
• If an asset is assigned an MIP of 0.5 (50%), only half the market value of the asset will be evaluated as part of your balance. 
• Finally, if an asset is assigned an MIP of 0, the asset will not be evaluated as part of the balance. This means that the asset class cannot be purchased with funds borrowed using the credit line. 

 All MIPs are subject to change according to assessment by the eToroX Risk Management Team. Prior to any change in the MIP value of an asset class, the eToroX team will advertise the intended change to all clients using the credit line.

 Why is the MIP Important?

The MIP protects clients utilizing the eToroX credit line against market risks associated with newly or historically volatile cryptoassets. Trading cryptoassets with borrowed funds produces the equivalent exposure of a leveraged trade, as the USD value of your portfolio is continuously evaluated against the amount borrowed with the credit line.

To shield your portfolio against unexpected market risks and a subsequent margin call or portfolio liquidation, the MIP value of an asset class is a reflection of the risk assessment by eToroX’s Risk Management Team.