The Currency analytics
By Jean-Luc Maracon
Pepperstone just entered spot crypto. The Melbourne-based broker rolled out physical cryptocurrency trading for Australian clients, moving beyond its traditional contracts for…
CEO Tamas Szabo confirmed the launch during a recent interview, saying the company built "a large standalone crypto team" to handle the transition.
Spot crypto volumes exploded recently. CryptoQuant data shows the spot cryptocurrency market hit $18.6 trillion in trading volume during 2025, jumping 9% from the previous year.
The numbers reflect a massive shift from niche trading to mainstream adoption. Major brokers like IG Group already launched spot crypto services, while Capital.
Binance's dominance took a hit during this broker invasion. The world's largest crypto exchange saw its market share drop to 25% by December 2025, down from nearly 60% in 2023.
eToro got there first. The social trading platform added bitcoin back in 2013, way before most brokers even considered crypto seriously.
"eToro approached spot crypto with long-term conviction," said Adi Lasker Gattegno, the company's Director of Liquidity Management and Crypto Operations.
Regulatory crackdowns pushed brokers toward crypto alternatives. The European Securities and Markets Authority slammed CFD restrictions on brokers in 2018, forcing many to find…
Brokers face a tough choice on infrastructure. Building in-house systems takes time and money but offers complete control over the trading experience.
White-label providers like Shift Markets offer plug-and-play solutions that can integrate with existing broker platforms.
Arthur Azizov from B2BROKER said his software-as-a-service model can get brokers up and running in ten days.
Pepperstone chose the in-house route for its crypto platform. Szabo said the company wanted full control over execution quality and security measures, even though it meant longer…
Deep liquidity remains the biggest challenge for new crypto platforms. Szabo highlighted platform stability and secure transaction processes as key focus areas for Pepperstone's…
IG Group initially partnered with Uphold for its crypto services but later acquired Independent Reserve to boost capabilities in Asia-Pacific and Middle East markets.
Capital.com is actively preparing its spot crypto launch after seeing strong client demand. A company spokesperson said the firm views direct asset ownership as a "strategic…