The international brand Alpari announced to its Russian speaking clients today that it has added two new Bitcoin trading instruments: CFDs (contracts for difference) on the BTC/USD and BTC/EUR pairs.
Alpari is the biggest online brokerage in Russia and one of the top trendsetters in the industry as it was first to introduce new trading methods for the business such as PAMM. Its adoption of Bitcoin as a trading instrument is another indication of the direction that the online trading industry is marching toward.
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Only earlier today we reported that Tel Aviv-based Panda Trading Systems, known for its binary options, FX and CFD brokerage solutions, has now started offering CFD trading on seven cryptocurrencies on all of its platforms, as well as a complete cryptocurrency brokerage solution.
Last month HYCM announced that its clients will be able to trade the BTC/USD pair. The brokerage is part of the Henyep Capital Markets Group, regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Dubai Financial Service Authority (DFSA), and the Cyprus Securities and Exchange Commission (CySEC).
Other online FX brokers offering cryptocurrency trading include eToro, Plus500, AvaTrade, FXOpen, XTB, Ayondo, JFD Brokers, Markets.com, InstaForex and IG, among many others.
In an interview with Finance Magnates last week, Adam Leonard, the CEO of BlockEx, explaind how forex brokers can add Bitcoin and Ethereum trading in a way that avoids the very high volatility risks that cryptocurrency CFDs expose brokers to.