As the industry demand for cryptocurrencies rises, IG Group (LON:IGG) has become the latest brokerage to launch Ethereum trading. Ethereum trading has touched all-time highs over the past few months.
Many other brokers and exchanges have begun to offer access to Bitcoin and Ethereum trading to retail clients, part of a broader industry push. As the second largest cryptocurrency available with a market cap of over $30.0 billion, Ethereum’s popularity continues to swell.
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Clients trading Ethereum via IG Group will be able to do so without assuming a number of risks typically associated with buying and storing it. The crypto industry is littered with myriad examples of exchanges that have gone under or dark, with information and accounts being compromised en masse.
Bitcoin trading has already been a core element of IG Group’s offering for over three years now. Only now have clients been able to expand their cryptocurrency portfolio with the broker, which now constitutes the second option available for clients. Of note, Ethereum trading will be available against the USD and the EUR and will not require the use of a digital wallet.
Rupert Osborne, Deputy Head of FX and Futures at IG, commented: “As the acceptance and popularity of cryptocurrencies has grown around the world, IG has been at the forefront of giving people the opportunity to trade them. We launched Bitcoin trading for our clients three years ago and are happy to make Ethereum the second cryptocurrency to trade on the platform.”