A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate. A broker is an intermediary who connects a seller and a buyer to facilitate a transaction.
Individuals or legal entities can act as brokers. The broker performs its actions according to the client’s instructions. The broker is then compensated, receiving either a flat fee or a certain percentage of the transaction amount.
What does a Crypto Broker offer?
A cryptocurrency broker offers derivatives products to traders, where traders enter contracts to speculate on the price of digital currency. Cryptocurrency derivatives include crypto options, crypto futures, and crypto CFDs.