Data shared by Prop Firm Match reveals a clear hierarchy in the crypto pairs made available to traders by the world’s leading prop trading firms, with Bitcoin (BTC) and Ethereum (ETH) enjoying near-universal adoption.
According to an X post published by the company on Aug. 23, BTC and ETH are the undeniable leaders in the space — these two major cryptocurrencies are offered by 19 out of the top 20 favorite firms listed on the platform.
Beyond the top two, LTC/USD emerges as the third most-offered crypto pair, available at 15 of the top firms. It is followed closely by XRP/USD, which is offered by 12 firms. ADA/USD also features prominently, being offered by 10 of the reviewed firms.
The selection of trading instruments offered by prop trading firms is a critical indicator of market trends and liquidity requirements. A firm is more likely to offer assets that are highly liquid, have significant market capitalization and are in high demand from their pool of traders. All of this is to facilitate larger volume trading and manage risk effectively.
A primary catalyst for this growth in the crypto adoption by prop firms is the market’s constant operation. Unlike traditional stock or forex exchanges that have set opening and closing bells, cryptocurrency markets trade around the clock, every day of the year.
Thus, multi-asset broker ACY Securities has launched a new instant crypto withdrawal service for its clients, a move the company states is designed to accelerate payouts. As the company’s COO Ashley Jessen noted, clients and affiliates want speed, clarity and a frictionless way to access their money, and instant crypto withdrawals deliver exactly that.
