Multi-regulated online trading provider JFD Brokers Ltd has publicly revealed its newest product offering, having relaunched the contracts-for-difference (CFD) instrument on the BTC/USD pair. The company is also opening a new administrative office in Prague, adding to JFD’s presence in the Czech Republic.
Back in June 2017, JFD Brokers was one of the first CySEC-regulated brokers to offer the BTC/EUR and BTC/USD pairs for trading, with access to margin and financing, as well as the ability to take both long and short positions.
JFD Brokers also offers demo accounts for clients keen to try their hand at trading cryptocurrencies before engaging in real dealings. The company has likely turned to CFDs as a way of offering cryptocurrency trading due to the difficulty in hedging positions in the real markets which always makes this derivative type a prime alternative to many underlying assets.
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Chief Trading System Officer at JFD Brokers, Monika Peeva, commented: “Bitcoins have gained so much popularity, especially recently with the rise of blockchain technology, that is impossible to ignore anymore. Bitcoins are real and their potential great.”
In January, JFD Brokers has acquired a majority stake in German bank ACON, which is headquartered in Munich and also has offices in Frankfurt, London, and Berlin. The deal includes a 51 percent stake with the potential for the acquisition of another 20 percent in the future.