Case Study: Trade Nation boosts deposits by 260% with BVNK

How Trade Nation unlocked new business and increased deposits by 260% with BVNK

Trade Nation, a globally regulated FX and CFD broker, faced significant payment challenges for its customers in Asia. Traditional methods like cards and bank transfers were often blocked or too slow, and an initial cryptocurrency payment solution resulted in frequent transaction failures and a poor customer experience due to issues with underpayments. They turned to BVNK and its DLT Payments and Virtual Accounts products for a solution.

BVNK's API integrated with Trade Nation's platform to seamlessly manage deposits and withdrawals in multiple digital currencies. Crucially, BVNK's system handles under- and over-payments without rejecting them, eliminating a major pain point. This solution led to a 260% increase in crypto deposits, with 56% of deposits in new markets now coming from crypto. The partnership also saved the payments team over 12 hours per month in support overhead and unlocked new treasury operations for repatriating local funds.

Trade Nation

Tariq Ahmed

Head of Payments