Join the up-rising
Monthly digital currency trading volume rose from $70B in January 2020 to more than $2T by May 2021. Much of the growth is being driven by a new, diverse group of investors entering the market.
From trending to trading
Hyphe provides prices and order execution so that retail trading platforms, banks and brokers can serve the new consumer demand for accessible digital currency trading.
Explore our pricing
Our product & process
Offer your customers digital currency trading without the hassle of integrating directly with an exchange.
Every day, Hyphe’s liquidity pool is helping European banks and brokers welcome more and more people into the market at the lowest possible cost - that’s what excites us.
Regulated by DNB
We’re regulated by DNB (De Nederlandsche Bank / Dutch central bank) and actively involved in the latest regulatory developments.
Choosing the right custody partner
Share in our knowledge and experience of digital currency custodians to find the best fit for your institution.Read our guide
Getting into the details
We’ve been busy making digital currency more accessible since 2013, and have gathered plenty of insight along the way. If your question remains unanswered, we’re always happy to help.Contact us
Is digital currency different to cryptocurrency?
Technically ‘digital currency’ refers to any currency that only exists in digital form. That includes cryptocurrencies, built on blockchain technology, but also other digital-only currencies. The coins we trade at Hyphe (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar, EOS, Chainlink, Cardano) are all cryptocurrencies. We refer to them as digital currencies because we believe it’s time to think beyond crypto, and the bigger category definition of digital currency is clearer and easier to understand. We believe language is an important factor in continuing the trend towards greater market participation. But it’s also important in the acceptance of digital currency into the mainstream of finance. That’s why rather than talk about an institutional cryptocurrency trading solution, we talk about digital currency trading, and easy-access digital asset liquidity for institutions.
What does a typical digital currency trader look like?
Digital currency markets are currently attracting various types of traders, with a strong bias towards retail. Crypto evangelists often maintain a long-term holding strategy, therefore trade at low frequency. High-net-worth individuals (HNWI) trade large sums, but also at low frequency. This nucleus is surrounded by a layer of traditional over-the-counter (OTC) day traders, experienced in trading exchange-traded products / exchange-traded funds (ETP/ETF), and foreign-exchange (FX) day traders. Both groups are aged mid- to late-30/40s, and trade at a high frequency, taking advantage of volatility in digital currency markets and the opportunity to trade 24/7; including market movement over weekends. They’re joined by an increasingly large, and increasingly younger cohort of casual retail investors, typically Millennials, attracted by the online buzz surrounding digital currency, and enabled by commission-free trading apps. As participation scales, this group is predicted to grow and eventually include a majority of Gen Z. If you’re from a traditional financial institution, these people fit your existing customer profile.
What’s the customer experience expectation?
Three-fold. Firstly: traders expect very tight bid/ask spreads, regardless of whether they’re using a commission-based, or commission-free trading platform. Therefore you need an institutional liquidity provider that can sustain your low-cost trading model in order to reduce customer attrition. Secondly: digital currency traders expect seamless, 24/7 trading. It goes without saying that the online frontend experience should be well-designed and easy to use, but it must not suffer routine outages or barriers to trading. Using a reliable digital asset liquidity provider is essential. Thirdly: most traders want access to a range of assets, delivered by a trading platform that feels up-to-date and current. We can help you keep on top of trends by adding popular coins to the list.
Is trading Bitcoin enough to get started?
Bitcoin is certainly the most well known and currently most valuable digital asset - synonymous with cryptocurrency for many consumers. But for those actively trading there’s often interest in a larger group of popular digital currencies, for example, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It takes little additional effort to include extra assets in your lineup, the customer reaction is likely to be positive, and our clients tend to experience an uplift in revenue with each new product.
What regulation is required to trade digital currencies?
Regulation varies by location - and we’re always happy to help navigate. In 2020 the EU issued the 5th Anti-Money Laundering Directive (5th AMLD) which has been implemented at a local level in several member states, creating various regulatory standards. In the Netherlands the requirement is registration with DNB as a ‘Cryptocurrency Service Provider’.