The Cayman Islands is a Caribbean nation with a long history of attracting CFD & forex brokers and other financial services providers, including insurance companies, offshore banks, and hedge funds, to incorporate their companies there. In recent years, some of these companies have also started offering cryptocurrency CFDs for trading, in addition to accepting the most popular cryptocurrencies as a funding method for trading accounts.
Crypto brokers and other CFD & forex brokers in the Cayman Islands are all regulated by the Cayman Islands Monetary Authority (CIMA). However, this is an agency that is known to regulate and supervise crypto & forex brokers much more lightly than what is the case in most major Western countries. As a result, crypto & forex brokers in the Cayman Islands often offer high trading leverage on most trading instruments.