A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.

The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.

With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.

The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.

According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.

The financial markets across the GCC region are evolving rapidly, creating unique opportunities and challenges for traders. ADSS, a prominent broker in the GCC, offers a trading platform designed to empower both professional and retail traders with the tools they need to navigate these markets effectively. This review will explore the ADSS platform in depth, highlighting the features, tools, and unique offerings that make it a compelling choice for GCC traders in 2024.

User Experience and Interface

A major factor in the success of any trading platform is the ease with which traders can navigate it. ADSS has invested in creating a user-friendly interface that balances simplicity with functionality. The platform’s layout is intuitive, allowing traders to access charts, trading tools, account information, and market insights with minimal clicks. This streamlined design helps traders stay focused on what matters: making informed trading decisions without unnecessary distractions.

In today’s fast-paced trading environment, accessibility across multiple devices is essential. The ADSS platform delivers a consistent experience on desktops, tablets, and smartphones, allowing traders to monitor positions and execute trades seamlessly from anywhere. This multi-device compatibility ensures that GCC traders have control over their portfolios, even when they’re on the go.

Key Trading Tools and Features

ADSS stands out for its robust charting tools, which are vital for technical traders who rely on precise analysis. The platform supports multiple timeframes, indicators like moving averages and Bollinger Bands, and even custom overlays for more advanced strategies. These features provide traders with the granular data needed to spot trends, analyze price action, and make well-informed trades.

The platform’s variety of order types allows traders to execute strategies with precision. ADSS supports essential order types like market, limit, and stop-loss orders, as well as advanced execution features that cater to high-frequency traders. The platform is designed for speed, which can be critical for GCC traders who often operate in highly volatile markets.

A standout feature of the ADSS platform is its market depth data, which provides insights into liquidity levels and bid-ask spreads. Real-time data and pricing updates keep traders informed of market conditions, which is invaluable for making timely decisions. This level of transparency in market depth is especially helpful for active traders looking to optimize entry and exit points.

Range of Tradable Instruments

ADSS offers a diverse range of tradable instruments, allowing GCC traders to diversify their portfolios. Available assets include CFDs on forex, commodities, indices, stocks, and cryptocurrencies. This wide selection is designed to meet the needs of traders who want to explore different markets and create balanced, multi-asset strategies.

In addition to global assets, ADSS places a special focus on instruments relevant to GCC traders, such as CFDs on crude oil, gold, and regional stock indices and currency pairs. This targeted selection caters to regional preferences and provides traders with opportunities aligned with the GCC economy. For example, the platform includes energy commodities like oil, a crucial asset in GCC trading due to the region’s reliance on oil production.

Risk Management and Trading Security Features

Managing risk is crucial in trading, and ADSS equips users with tools like stop-loss, take-profit orders, and margin alerts. These features allow traders to set predetermined thresholds, which can help mitigate losses during market volatility. For GCC traders, who might face rapid shifts in the financial landscape, these risk management tools provide a layer of protection.

Security is also a top priority for any trader, and ADSS has implemented robust protocols to protect user data and funds. Two-factor authentication, data encryption, and other advanced security features ensure that accounts are well-protected against unauthorized access. These measures are designed to give traders peace of mind, allowing them to focus fully on their strategies.

Account Types and Benefits for GCC Traders

ADSS offers three primary account types—Classic, Elite, and Pro. Each tier caters to a different level of trader, with benefits that align with specific trading needs. For instance, the Elite and Pro accounts come with reduced spreads, faster execution, and dedicated account management, making them appealing for high-volume or professional traders.

For GCC traders, ADSS offers incentives such as swap-free options and reduced spreads on popular instruments. These benefits provide cost savings and make trading more accessible, particularly for those focused on long-term positions or religious considerations.

Conclusion

ADSS has developed a comprehensive trading platform that will meet the needs of GCC traders in 2024. Its user-friendly interface, extensive trading tools, range of assets, and strong support system make it a valuable option for both new and experienced traders. While the platform shines in many areas, ADSS continues to evolve, adapting its offerings to align with the changing financial landscape in the GCC region.

For those interested in a platform that combines functionality, security, and regional relevance, ADSS is certainly worth exploring. To gain a deeper understanding of ADSS’s capabilities, read a detailed evaluation here and discover how it can fit into your trading journey.