OANDA‘s prop trading platform, OANDA Prop Trader, now allows traders to pay for challenges using cryptocurrencies. This includes around two dozen options, such as Bitcoin, Ethereum, and stablecoins like USDT and USDC, as well as meme coins like DOGE and SHIB.
Lucian Laureman, OANDA’s Head of Digital Assets and Deputy COO, announced this move to meet the rising global demand for crypto payments. He noted that many tech-savvy consumers in OANDA’s serviced countries embrace cryptocurrencies, opening new opportunities for prop traders.
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OANDA entered the prop trading market earlier this year, initially under the OANDA Labs Trader brand, before rebranding to OANDA Prop Trader. The platform treats qualified traders as signal providers, using their signals to guide market positioning decisions. While the capital in funded accounts is virtual, OANDA uses real proprietary capital based on trader signals.
OANDA’s Head of Emerging Markets highlighted that prop trading could surpass the traditional FX/CFD industry due to its accessibility, lower barriers to entry, and limited downside risk.
