Retail brokers have continued to strengthen their cryptocurrency offerings in 2017. Fresh from beginning to support Bitcoin trading back in July, IC Markets has once again strengthened its offering, this time adding four new cryptocurrencies to its growing suite.
Moving forward, clients will be able to trade Ethereum (ETH/USD), Bitcoin Cash (BCH/USD), Dash Coin (DSH/USD), and Lite Coin (LTC/USD). Together with Bitcoin, IC Markets’ expanded offering places it on par with other brokers in the industry amidst burgeoning client demand.
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2017 has been the year of cryptocurrencies with not just Bitcoin receiving a boost in interest and trading activity. Investors have been flocking to altcoins, especially Ethereum, as initial coin offerings (ICOs) have quickly permeated the crowdfunding space. IC Markets’ expansion of its cryptocurrency suite just three months after launching Bitcoin trading is a further nod to client demand for such instruments.
Indeed: “As a speculative medium, there are few products in the world that can compare with Cryptos right now. Since our clients are active traders, we give them the products with the best opportunities to trade as well as the best trading conditions to fully exploit those opportunities. These additions highlight our commitment to provide our clients with opportunities relevant to the current financial landscape,” explained IC Markets Director Angus Walker.
Of note, IC Markets’ newly expanded cryptocurrency suite will also be offered to clients as contracts-for-difference (CFDs). Crypto CFDs have proven to be a preferred instrument for investors given the dynamic price behavior of many altcoins.