AvaTrade Launches New Tradable Cryptocurrency Pairs

The brokerage is the latest firm to add cryptocurrencies to its asset list, as Bitcoin and Ethereum gain popularity.

AvaTrade, a forex and CFDs brokerage, has announced the addition of cryptocurrency pairs to its asset list on its website, and noted its intention to add more in the future. As of now, the online trading firm offers Ethereum Classic versus the American dollar (ETH/USD), and the Bitcoin versus the euro (BTC/EUR).

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The allure of cryptocurrencies appears to be their high volatility, as well as the ability of their value to soar to new highs even when other markets are not volatile. About two weeks ago, Finance Magnates covered the Bitcoin versus the dollar exchange rate reaching $2877. Being able to trade cryptocurrencies within currency pairs rather than just as individual assets may be a sign of more advanced stages to come.

Dáire Ferguson, the CEO of AvaTrade, commented: “These are exciting times; the trading world is changing in front of our eyes, and we are glad to play a major role in it. Cryptocurrencies are the future, and AvaTrade stands in the frontline of brokers when it comes to trading them. We work hard to insure we offer our clients the best trading conditions and possibilities.”

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AvaTrade is a brokerage offering forex and contracts for difference (CFDs) trading. The company was established back in 2006, and is authorized and licensed to offer financial advice and online trading services to clients by several regulatory authorities such as the Central Bank of Ireland (Reference No.: C53877).

Last week, Finance Magnates reported HYCM’s having added cryptocurrency pair Bitcoin versus the American dollar to its asset list. The reason behind adding these new currency pairs is the increase in demand for them from traders.

This morning, Finance Magnates covered XTB’s having added several cryptocurrency pairs of its own.

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