The U.S. dollar has appreciated more than 7 percent this year and is up nearly 25 percent from last year.
But many investors and investors in alternative currencies like bitcoin say they prefer to trade with U.K.-based exchanges, such as CME Group Inc. and Bitstamp Corp., which offer trading options.
Bitcoin is a digital currency that uses cryptography to verify transactions.
Some traders and investors say they find that CME’s and BitStamp’s prices are more competitive than those offered by exchanges such as Bitfinex Inc., BATS Global Markets Ltd., Batscoin Ltd.
and Poloniex Inc. Reuters/Aaron Josefczyk/File Photo CME and Bitfinexx offer trading platforms, but they have different pricing models and fees, which make them more expensive for many traders.
U.k.-based bitcoin exchanges such at CME or Bitstamps are not required to hold bitcoin as a trading currency, so there is no need for traders to have an account or hold a wallet on those platforms.
CME says its customers can hold bitcoin in their wallets as long as they want and then trade bitcoin as they please.
Bitstams platform is to hold only bitcoin, but it charges trading fees for any trades.
Clements bitcoin trading platform offers bitcoin-denominated options and has a $1.2 billion market cap.
In March, CME added a trading option to its platform for the U.N. bitcoin, which allows traders to trade bitcoin for fiat currency.
But that was limited to U.$.
dollars, and not for other currencies.
BitfineX, the second-largest bitcoin exchange in the U-K, said in February that it was planning to introduce a trading platform for bitcoin in the coming months.
Bitcoin trading platforms are usually located in London or New York.
CMAZ’s pricing model is more competitive, said Peter Rauch, a currency trading expert at Rabobank Group.
He said the CME-Bitstamp exchange platform offers more options and lower fees than the other exchanges.
Cements trading platform has a similar price structure to Bitstamps and Bitflyx.
BitFlyx is the second largest bitcoin exchange by market capitalization in the United States, according to data compiled by Bloomberg.
Caves Trading is a U.KS.-based trading platform that is also based in the UK.
It offers bitcoin and other cryptocurrency trading options and is one of the few U.ks.-based platforms to have bitcoin-based trading.
Trading platforms in Japan and South Korea also offer bitcoin-related trading services.
Some of the largest bitcoin exchanges in Asia, like Bithumb, BTCC and OKCoin, have trading services, according the CoinDesk Bitcoin Price Index, a market database of U.s. bitcoin prices.
“In general, we like to use exchanges that offer the best rates and pricing to our clients,” said Rauche, who manages a Bitcoin Investment Trust and invests in cryptocurrency.
“That’s the big advantage of going with a broker.”
Trading platform options and fees vary between platforms.
Bithum.io offers a wide range of trading options from $0.25 to $1,200.
The platform offers the following fees: 0% for trades in US dollars, $0 for trades over $10,000 in U.kr., $0 to $10k in Singapore, and $0 and up for trades of $10 million or more in the other currencies (including Japan and Hong Kong).
Caves trading platform’s fees range from 0% to $5,500 for trades.
Bitfly.io has a slightly different pricing model, but has the following prices: 0.75% for US dollars and 0.5% for other fiat currencies, including Singapore dollars, the RBA says.
BitStam.io charges traders 0.8% for USD, 0.25% for BTC, and 0% and up.
CMT.io, which is based in Switzerland, charges trading commissions on trades and allows customers to buy and sell bitcoin.
BitFunder, another U.UK-based bitcoin exchange, offers bitcoin trading and has the lowest fees in the world, the website said.
Cmsign.com, a U-k-based platform, charges 0.2% for trading and offers commissions of 0.05% for $1 trades, up to 1% for up to $50,000 and 0%.
Cmt.com charges 0% commissions on bitcoin and 0-25% commission on other currencies, according CoinDesk.
Crescendo Trading, which has been around since 2012, offers trading options to buy or sell bitcoin, according a CoinDesk bitcoin price index.
It charges 0-5% commissions and 0%, 25% and 50% commission for trading bitcoin, the index said.
BTCTicker, which was founded in 2014, offers traders the