Libertex, which stands for Liberty Exchange, has announced today that it is the latest provider of online trading services to turn to cryptocurrency – a popular trend of late. Contracts for difference (CFDs) for Bitcoin and Litecoin became available on the platform for European traders starting from July 6th, 2017.
Libertex Business Development Manager Andew Nikolaev said: “Nowadays the interest in cryptocurrencies is very high, and the number of people intending to invest money into cryptocurrencies grows in geometric progression. Launch of the contracts for these instruments in Libertex will satisfy the demand from European traders.”
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The company explains to its clients that CFDs for Bitcoin and Litecoin, unlike physical buying of the cryptocurrencies, allow gaining profit not only from asset appreciation but also from depreciation.
Unlike forex, stocks and commodities, the cryptocurrency CFDs are available for trading both during business days and at weekends. Libertex says that this is why those people who trade during their spare time are interested in cryptocurrencies.
Libertex is the trading platform of Indication Investments Ltd, a member of the Russian Forex Club group, and is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC). Libertex web and mobile trading applications, which operates on the basis of HTML5 and Backbone framework, are certified by the Financial Commission (FinaCom).
Back in December 2016 Libertex signed a sponsorship deal with James Rodriguez, the £63 million Real Madrid midfielder and Colombia national football team captain.