XTB Suspends Cryptocurrency Offering, Switches CFDs Trades to Close Only Mode
- Another broker that notified clients that crypto pairs have been placed under trading limitations is IC Markets.
The lineup of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi brokers that are planning to restrict trading on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw due to overexposure to its one-sided uptrend are growing bigger. Among the latest entries into this group of brokers is Polish FX brokerage XTB.
In a note to its clients, the listed firm said that it will temporarily withdraw its cryptocurrency CFD offering until further notice in an effort to protect clients from adverse market volatility.
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XTB will transfer trades on cryptocurrency CFDs to close only mode, effective today, 3pm GMT. On January 5, 2018, the open positions on these instruments will be closed at the company’s market close price whilst pending orders are deleted. This basically means that traders will not be allowed to open new trades with cryptocurrency.
Another broker that notified its clients that crypto pairs have been placed under trading limitations is IC Markets. The regulated brokerage today hiked margin requirements for crypto CFDs from 5% to 20%. The changes will be applied to both new and existing positions, and the broker has issued a message to its clients to check the impact of these changes on their respective trading accounts.
Sources with knowledge of the matter have recently shared with Finance Magnates that a number of brokers are materially reducing their exposure to cryptocurrencies.
The lineup of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi brokers that are planning to restrict trading on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw due to overexposure to its one-sided uptrend are growing bigger. Among the latest entries into this group of brokers is Polish FX brokerage XTB.
In a note to its clients, the listed firm said that it will temporarily withdraw its cryptocurrency CFD offering until further notice in an effort to protect clients from adverse market volatility.
Discover credible partners and premium clients in China's leading event!
XTB will transfer trades on cryptocurrency CFDs to close only mode, effective today, 3pm GMT. On January 5, 2018, the open positions on these instruments will be closed at the company’s market close price whilst pending orders are deleted. This basically means that traders will not be allowed to open new trades with cryptocurrency.
Another broker that notified its clients that crypto pairs have been placed under trading limitations is IC Markets. The regulated brokerage today hiked margin requirements for crypto CFDs from 5% to 20%. The changes will be applied to both new and existing positions, and the broker has issued a message to its clients to check the impact of these changes on their respective trading accounts.
Sources with knowledge of the matter have recently shared with Finance Magnates that a number of brokers are materially reducing their exposure to cryptocurrencies.