FIFO is a real pain in the ass. even the crypto dutch exchange implements FIFO. I can’t do proper calander spreads on it either since its too illiquid on the forward contracts. I did see the 10x leverage on FXChoice lol. I’m so stressed I actually see it as a good thing, but I just cannot justify leaving that kind of money on FXchoice. Nor Kraken frankly. That’s why coinnexx rocks because the counter party risk is low.
I was trying to look into Bakkt and Omni and ErisX and it is just awful they are all literally implying that they are not going to offer leverage at all. And now the British are saying they are going to ban crypto CFD for retail.
It really is a shame. The dutch crypto exchange is by far, by far the best crypto derivative platform. I was looking at nami trade again, and I think it’s hyper illiquid, it’s hard to tell, but I assume so. I just cannot believe Omni LedgerX spent 5 years courting the CFTC only to offer 0 leverage (what I fear and suspect at least). They are insane.
Honestly I still have the most hope for the BBOD exchange, but those guys will likely enforce mandatory KYC when it’s said and done.