OANDA announced today that it has introduced cryptocurrencies* as a payment method in its prop trading business, OANDA Prop Trader, giving customers globally the option to pay for trading Challenges using cryptocurrencies via the program's user portal.

OANDA Prop Trader is a program that enables self-directed traders to become signal providers, on a profit-sharing basis, to the firm's proprietary trading business. To qualify for the program, participants need to purchase and complete a Challenge. Through the Challenge, potential signal providers demonstrate their ability to generate profits and manage risk. With a variety of payment methods, participants can now purchase a Challenge with cryptocurrencies* and start assessing their trading skills immediately.

Lucian Lauerman, Head of Digital Assets and Deputy COO at OANDA, commented, "We're pleased to announce that we're adding crypto as a payment method in response to rising global demand. A large number of "tech-driven consumers" in the countries serviced by OANDA Prop Trader are embracing cryptocurrencies, so this is opening new doors for those traders who want to maximise the digital economy as a gateway into prop trading."

$10,000 Giveaway Sweepstakes Opens More Possibilities For Aspiring Prop Traders

But that's not all. OANDA Prop Trader is also launching an exciting $10,000 Giveaway Sweepstakes, open to aspiring traders residing in all the countries where OANDA Prop Trader is made available.

Entrants can participate in the Sweepstakes by registering for an OANDA Prop Trader account to get a chance to win a $100 voucher to purchase a Challenge. Each registration earns one entry into the drawing, and one hundred winners will be randomly selected to share a total prize pool of $10,000. 

"At OANDA Prop Trader, we value our customers and are committed to rewarding their journey toward becoming successful traders.  The $10,000 Giveaway Sweepstakes represents a fun and affordable route for many aspiring traders to get a chance to test their skills in a prop trading environment," said Crystal Lok, Head of Emerging Markets at OANDA.