With the evolution of digital technologies, Forex Trading has never been bigger. Trading in FX markets has reached over $6.6 trillion per day and has now become one of the most common professions across the world. Recently, the interest in blockchain applications in Forex trading and binary options has also helped to grow the industry. Forex brokers that have implemented blockchain technology to carry transactions now experience lower transaction fees. Banks and financial institutions have tried to cut down foreign transaction fees for decades. Now, they have succeeded by adopting a fast and transparent technology that benefits banks, traders and clients at the same time. Blockchain technology will transform the forex industry by turning it into a peer-to-peer deal.
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