FXOpen Launches New Tradable Cryptocurrency Pairs

Retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker FXOpen is again showing its commitment to cryptocurrency community through extending the list of contracts-for-difference (CFD) to include additional altcoins instruments.

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Together with Bitcoin and major virtual currencies, FXOpen’ expanded offering places it on par with other brokers in the industry amidst burgeoning client demand.

Fresh from beginning to support Bitcoin trading back in 2014, FXOpen has once again strengthened its offering, this time adding eight new 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 its growing suite.

Moving forward, FXOpen’s clients will be able to trade Bitcoin Cash, Ripple, Ethereum Classic, Monero, NEO, IOTA, EOS and OMNI, which can be traded against USD Dollar, EURO and Bitcoin. The broker now offers a total of 39 currency pairs on its Crypto accounts, and noted its intention to add more in the future.

FXOpen has recently enhanced its cryptocurrency CFDs product by launching a new service to add PAMM accounts to its offering, a move that effectively allows digital currency traders to become money managers for other users.

This new service facilitates the relationship between skilled traders and their followers and provides crypto portfolio managers the ability showcase their performance in a relatively uncharted space.

PAMM products have been a significant trading volume generator for retail brokers in traditional markets, and the recent hype around cryptocurrency is more than enough to justify FXOpen’s step to offer a product that is attractive for clients, and we even expect more brokers to follow suit.