CoinProp Unveils New Platform for Digital Asset Prop Trading

CoinProp has launched CPX, a proprietary trading terminal designed for cryptocurrency proprietary trading, giving traders worldwide access to more than 500 digital assets. The platform uses live market data from Bybit and incorporates TradingView charting tools. According to the company, the aim is to provide an integrated trading and risk management environment tailored for digital assets, rather than relying on traditional forex-based infrastructure adapted for crypto.

CPX offers traders the ability to manage multiple accounts simultaneously, adjust trade parameters such as take-profit and stop-loss levels via drag-and-drop, reverse trades instantly, execute partial closes, and monitor performance in real time. The terminal also includes trade journaling and supports hundreds of customizable charts and indicators.

CoinProp's founders said they built the system in response to what they viewed as inefficiencies in existing proprietary trading offerings, many of which operate on contracts-for-difference models originally designed for forex. The company stated that the CPX platform was tested in a beta phase involving hundreds of hours of simulated live trading before its public release.