XTB, AvaTrade and Ayondo launches the trading of crypto-currencies
XTB, AvaTrade and Ayondo launches the trading of crypto-currencies
The high volatility is the ability to reach new heights even when other markets are not volatile, have increased the appeal of crypto-currencies.
The most well-known of crypto-currencies, the Bitcoin is a digital currency with no centralized created in 2009 that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. The Bitcoin is valued on the stock exchange at $ 19.4 billion.
There are approximately two weeks, the multiple failures of Coinbase have affected the trading activity of the crypto-currency, causing a decline in sudden of Bitcoin and Ethereum. These failures, directly related to the peaks of volatility, have fueled fears about the whole ecosystem of crypto-currencies.
To meet the demands of their customers, many forex brokers have recently added the trading of crypto-currencies to their product lines.
X-Trade Brokers is about to add several new instruments, including the main crypto-currencies such as Bitcoin and Ethereum. As of June 25, customers will have access to these new instruments of trading (BTC / USD, ETH / USD, XRP / USD, LTC / USD, DSH / USD) exclusively on the platform xStation and standard accounts or Pro of the broker. The maximum volume for the open positions on the cryptocurrency will be capped at 50 lots.
AvaTrade has also announced the addition of pairs of crypto-currencies to its list of assets. The broker offers online trading of Ethereum relative to the u.s. dollar (ETH / USD), and of Bitcoin against the euro (BTC / EUR).
The trading platform social ayondo also offers for a short time the trading of the Bitcoin allow traders to speculate on the price of Bitcoin without opening a wallet in Bitcoin. Raza Perez, the director of products at ayondo, said : “The interest associated with the Bitcoin is huge. In a period of low volatility on the financial markets, the sharp change in the price offers an excellent trading opportunity. With the launch of Bitcoin we follow the request of our customers, enhance our range of products.”
