EXANTE, an online forex, futures, and stocks retail brokerage, has launched five additional assets on the EXANTE terminal. The company started the Bitcoin fund back in 2013, which allowed trading that specific cryptocurrency. The firm has added more popular altcoins – Litecoin, Ethereum, Monero, Zcash, and Ripple.
Litecoin and Ripple are available effective today, alongside the installed Bitcoin. The other three altcoins’ launch has been scheduled for August 2017. As of now, the latter are available in the Cash section with their respective market price.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
The new additions will follow the same conditions as EXANTE’s Bitcoin fund. The commission, for one, will be calculated as 0.5 percent of the trade.
The Cryptocurrency Trend Grows in Popularity
EXANTE joins a long line of brokerages on the cryptocurrency bandwagon. Just recently, Alpari Russia, Fibo Group, and a significant number of other online trading companies and financial entities began offering cryptocurrency trading.
About two weeks ago, Alpari Russia, a major retail forex broker in Russia, has launched CFD trading on BTC/USD and BTC/EUR pairs. Alpari is considered a trendsetter in the online trading industry, and so this new course of action signals to other companies that cryptocurrencies are a force to be reckoned with. Fibo Group has taken a similar step in offering both Bitcoin and Litecoin CFDs to its European clienteles.
With great volatility, however, comes great value swings. Yesterday, Bitcoin, Litecoin, Ethereum, Dash, and Ripple, experienced a decrease in value. The altcoins saw downward swings ranging between 23 percent and 36 percent. Bitcoin’s value fell to $1965.