Blockchain Currency Hub (Pty) Ltd, trading as CURRENCY HUB, is a consultancy enabling qualified investors to trade in cryptocurrencies. CURRENCY HUB is a juristic representative of BLACK ONYX, an authorized financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 50850 in terms of the Financial Advisory and Intermediary Services Act (Act No. 37 of 2002). supported further by our in house SARB approved FX intermediary licence (6176).
Andrew Ludwig and David Farelo cofounded CURRENCY HUB in 2018 and have extensive experience in financial services and asset management. Andrew heads up marketing while David is focused on trading and portfolio management.
Both directors are regulated by the FSCA with the relevant qualifications to remain “Fit & Proper” according to the FAIS Act and are also involved in the running other FSPs (Cat1 + Cat 11) and services which include BLACK ONYX, FUND HUB and THE CPD HUB.
Please refer to our LinkedIn profiles for more information.
Arbitrage is a process of simultaneously buying and selling securities, currency, or commodities in different markets in order to take advantage of differing prices for the same asset.
Pricing differs because of supply and demand, which is influenced by access to information and at times regulation and/or capital constraints.
We exploit the crypto-arbitrage that exists because the price of a Bitcoin in South Africa fluctuates around 1% – 5% and more expensive than other parts of the world because of our exchange control (regulation).
Ironically, because of exchange control, every South African resident over 18 years old is legible to send R11m offshore each year using their R1m travel allowance and their R10m foreign investment allowance.
Yes. With SARB (South African Reserve Bank) having acknowledged our process and subsequently receiving legal opinion on the Currency and Exchanges Act and the support of our counterparties like Investec and Mercantile, we can legally trade a fixed amount of money over a short period of time to optimise your R11m overseas allowance.
No. For the purpose of our crypto-arbitrage, you the client are never exposed to Bitcoin, as we manage our own BITCOIN float to facilitate the trade, thus taking on all the risk. At times we also make use of various exchanges (OTC) to get the best liquidity and premium through alternatives to Bitcoin, again … Without you the client ever being exposed to the volatility of the cryptocurrency markets.
A South African individual, with an income tax number and up to date SARS eFiling, who has R250,000 or more to invest as working capital towards the arbitrage trade.
We recommend an invetment of R250k to optimise the gross Premium, noting the accumulation of cost through the supply chain will dilute your returns.
For the purposes of trading your FIA (R10m Foreign Investment Allowance, a minimum of R500, 000 invested in cash, credit or equities is required for a tax clearance certificate. The greater the amounts the more efficient the arbitrage.