FXOpen Becomes First Retail Forex Broker to Accept Ethereum Deposits
- FXOpen has enabled depositing and withdrawing funds via the world's second most valuable cryptocurrency – Ethereum.
Retail forex broker FXOpen is again showing its commitment to cryptocurrency users by enabling the deposit and withdrawal of funds via the world's second most valuable Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term asset by market cap – Ethereum.
It should be noted that FXOpen now allows making transactions via ETH only, and does not support the forked out "Ethereum Classic" (ETC). Other terms include a withdrawal commission of 0.01 ETH and a minimum deposit or withdrawal sum of 0.01 ETH. The brokerage does not set a maximum for ETH transaction nor is there a сommission for Ethereum deposits.
Back in May FXOpen launched Ethereum-based trading pairs, offering access to both ETH/USD and ETH/BTC for both its live and demo clients. Natalia Zakharova, the firm's Head of Global Sales, commented at the time: “With an ever increasing global interest in ethereum-based pairs and strong demand from our traders, we have quickly sourced the best Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term available and added both ETH/USD and ETH/BTC markets our product range. We will also further expand out our crypto based accounts to include ethereum denominated accounts in the near future.”
In June FXOpen also introduced Dash-based pairs - again the first ever in the forex market to do so - offering access to DSH/BTC as well as ETH/RUB (ether/Russian ruble).
Retail forex broker FXOpen is again showing its commitment to cryptocurrency users by enabling the deposit and withdrawal of funds via the world's second most valuable Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term asset by market cap – Ethereum.
It should be noted that FXOpen now allows making transactions via ETH only, and does not support the forked out "Ethereum Classic" (ETC). Other terms include a withdrawal commission of 0.01 ETH and a minimum deposit or withdrawal sum of 0.01 ETH. The brokerage does not set a maximum for ETH transaction nor is there a сommission for Ethereum deposits.
Back in May FXOpen launched Ethereum-based trading pairs, offering access to both ETH/USD and ETH/BTC for both its live and demo clients. Natalia Zakharova, the firm's Head of Global Sales, commented at the time: “With an ever increasing global interest in ethereum-based pairs and strong demand from our traders, we have quickly sourced the best Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term available and added both ETH/USD and ETH/BTC markets our product range. We will also further expand out our crypto based accounts to include ethereum denominated accounts in the near future.”
In June FXOpen also introduced Dash-based pairs - again the first ever in the forex market to do so - offering access to DSH/BTC as well as ETH/RUB (ether/Russian ruble).