Alpari Russia moved one step ahead of the competition today by launching its new cryptocurrency-based portfolio, Crypto Capital. It is a portfolio created purely with cryptocurrencies and no other instruments. By this, it has given further credence to the fledgling cryptocurrency industry, which is growing on a daily basis.
Just last week, Alpari Russia launched bitcoin trading on its platform, adding BTC/USD and BTC/EUR to its list of tradeable instruments. By doing this, Alpari Russia has recognised the importance of cryptocurrencies and has also given new traders the chance to get involved in this new market by saving them from the pitfalls that are normally associated with a developing industry.
This is a clear indication that the industry is here to stay. With this portfolio, which Alpari terms a diversification portfolio, investors do not need to be worried about analysing, watching prices and trying to make sense of the new market – they can invest in this portfolio and allow experts to do the job for them.
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The Chairman of the Supervisory Board of Alpari said: “Since the beginning of 2017 we have seen rapid growth of interest in many countries cryptocurrency market. Alpari, as before, offer solutions, which are often at the forefront of the financial market. A few days ago we launched trade Bitcoins, and today another new product – investment portfolio CryptA Capital. In my view, we have entered a new era when cryptocurrency become a serious alternative to the popular classical financial instruments.”
Capitalising on a Growing Industry
These are indeed exciting times for the cryptocurrency world. Bitcoin has been joined by many cousins, like Litecoin and Ethereum, and they have been gaining traction and recognition across the financial industry. Now, many FX brokers have begun to add these cryptocurrencies to their available instruments, hoping to capitalise on the growing volumes and the growing number of traders who trade these currencies.
This development is likely to boost competition among brokers to launch more such currency pairs and associated products on their platforms as they begin to realise the long-term viability of the cryptocurrency industry.