RoboForex has joined the cryptocurrency craze, adding access to contracts-for-difference (CFD) trading for both Bitcoin and Ethereum. The new instruments are amongst the most popular assets nowadays, and are now available for RoboForex’s client base.
2017 has been the year of crypto, with both Bitcoin and Ethereum exploding to record highs a few months ago. Since then, both cryptocurrencies have been extremely volatile, making them ideally suited for CFD trading. Consequently, the retail space has been quick to adopt these assets across their respective service suites, with RoboForex being the latest broker to strengthen its offering.
How Synthesis Bank Brings the Benefits of Investment Banking to BlockchainGo to article >>
Kiryl Kirychenka, Product Manager at RoboForex, commented: “We’ve decided to enable cryptocurrencies for CFDs trading in the first place because of the keen interest of traders from all over the world to these assets. From now on, our clients will be able to derive profit from the fast growing cryptocurrency market without having to buy them.”
RoboForex has expanded access to trading CFDs for the two largest cryptocurrencies by market cap, which will be added to the list of trading instruments through its MT4 and MT5 terminals.
With prices fluctuating wildly, new access to BTC/USD and ETH/USD will help RoboForex tap onto a growing client appetite for these instruments. The offering also helps RoboForex compete with its competition, with retail brokers quickly implementing new cryptocurrency offerings en masse.
“RoboForex offers one of the most favorable trading conditions for transactions involving digital currencies for both traders and investors. In the nearest future, we’re planning to continue developing in this direction and fundamentally improve our offers by adding new instruments and making trading conditions better,” explained Kirychenka.