easyMarkets Adds Bitcoin CFD Trading to Platform
- The broker plans to add more cryptocurrencies to its offering in the near future.
In line with many other forex brokers who are adding 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 Read this Term to their offerings, easyMarkets has announced the launch of Bitcoin CFD trading on its platform.
The company said that it will soon be launching other cryptocurrencies too.
Regarding cryptocurrencies, Brokers offer them only in the form of CFDs. Unlike in an exchange where the asset is delivered to the wallet of the client, which the client can then put to use, a CFD is not delivered. It is a purely speculative instrument which is used to trade and profit.
Evdokia Pitsillidou, Director of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term at easyMarkets, said: “The excitement surrounding recent record highs in the cryptocurrency markets has now evolved into intense interest in the future of digital currencies like Bitcoin. easyMarkets’ expansion into cryptocurrency CFDs is driven by increasing demand from our clients and we want to give them the option to explore the most fascinating asset class to emerge in years.”
The company offers leverage of 1:10 for trading bitcoins, in contrast to the leverage of 1:5 that many brokers have been offering. The company says that clients can trade bitcoins for as low as $100 and also guarantees stop loss and take profit. It provides negative balance protection as well.
The company offers an ebook on Bitcoin for those who are new to trading cryptocurrencies.
With this move, the company hopes to capture some of the growing volume of the cryptocurrency industry.
In line with many other forex brokers who are adding 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 Read this Term to their offerings, easyMarkets has announced the launch of Bitcoin CFD trading on its platform.
The company said that it will soon be launching other cryptocurrencies too.
Regarding cryptocurrencies, Brokers offer them only in the form of CFDs. Unlike in an exchange where the asset is delivered to the wallet of the client, which the client can then put to use, a CFD is not delivered. It is a purely speculative instrument which is used to trade and profit.
Evdokia Pitsillidou, Director of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term at easyMarkets, said: “The excitement surrounding recent record highs in the cryptocurrency markets has now evolved into intense interest in the future of digital currencies like Bitcoin. easyMarkets’ expansion into cryptocurrency CFDs is driven by increasing demand from our clients and we want to give them the option to explore the most fascinating asset class to emerge in years.”
The company offers leverage of 1:10 for trading bitcoins, in contrast to the leverage of 1:5 that many brokers have been offering. The company says that clients can trade bitcoins for as low as $100 and also guarantees stop loss and take profit. It provides negative balance protection as well.
The company offers an ebook on Bitcoin for those who are new to trading cryptocurrencies.
With this move, the company hopes to capture some of the growing volume of the cryptocurrency industry.