Multi-regulated brokerage firm Admiral Markets today announced several changes to the trading conditions of its two cryptocurrency CFDs, which will take effect on December 11, per a company statement.
Admiral Markets has recently enhanced its cryptocurrency CFDs offering by enabling the short selling of this type of derivative instrument on both Bitcoin and Ether products. It also became the first brokerage firm to offer trading on Bitcoin Cash, the cryptocurrency that spun off from the original Bitcoin earlier in August.
The company now offers its clients easy access to the price movements of the world’s two most popular cryptocurrency pairs – BTC/USD and ETH/USD – whilst limiting the potential losses associated with directing their investment funds in volatile market conditions.
World's Biggest Vessel Opens Gates for 2019 Coinsbank Blockchain CruiseGo to article >>
The first batch of changes in trading terms concerns the exposure limit, which has been increased to EUR 40,000 (or equivalent) for BTC/USD and EUR 20,000 for ETH/USD, up 400 percent and 200 percent respectively from both the current EUR 10,000 threshold of both.
In addition, Admiral Markets has introduced lower margins and a simpler margin structure for its cryptocurrency CFDs. The company increased the maximum leverage on BTC/USD from 1:5 to 1:10, and advertised the introduction of a tiered margining structure. From now on, margin calculation will be based on a simple tiered system with incremental margin requirements for each position value traded.
Finally, the company has stopped offering trading on BTC/USD and ETH/USD during the weekends after having switched to a new liquidity provider that does not operate during these hours.