RoboForex’s emphasis on its cryptocurrency offering is in full swing in 2018, culminating in the support of Bitcoin as an account base currency. The new opportunity will see clients be able to perform a wide range of functions using Bitcoin, following its widespread acceptance in the ecommerce and trading space.
Bitcoin’s rise in 2017 has been well charted, with its acceptance amongst retail brokers catching fire during H2. With traders demanding more exposure to cryptos and these instruments, RoboForex has answered the call by giving clients the ability to utilize Bitcoin as never before.
Denis Golomedov, Chief Marketing Officer at RoboForex, commented to Finance Magnates: “Growing popularity of cryptocurrencies among our clients shows a clear need for implementing new products and trading opportunities in RoboForex platforms.”
More specifically, clients can open trading accounts, deposit and withdraw funds in BTC. Of note, trading accounts with this new base currency can be opened in MetaTrader 4 and MetaTrader 5 platforms. The development is a huge endorsement for Bitcoin’s future by RoboForex, which has seen its sights shift in the direction of cryptos over the past year.
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“We’ve enabled Bitcoin as a base currency for trading accounts so that traders could use their assets efficiently, trade through our platforms, and easily withdraw their own funds to their wallets. This innovation is just a small part of our strategy to introduce cryptocurrencies into RoboForex products and provide our clients with the best possible trading conditions,” he added.
In addition, BTC is available for Pro-Standard accounts and RoboForex Wallets. This is important for clients looking to not only store their Bitcoin but also reinvest in other instruments. The new capability comes at a time when Bitcoin has risen to the unrivaled largest cryptocurrency and biggest alternative to date of fiat currencies.
The initiative should foster the increased deposit and usage of Bitcoin on RoboForex’s platform, which recently rolled out Bitcoin and Ethereum contracts-for-difference (CFDs) amongst other products.
The service will enable both deposits and withdrawals of funds via Bitcoin at a low rate. This includes a commission for withdrawing funds of 0.001 BTC (1.0 mBTC). This is derived from the amount allowed to be deposited or withdrawn for a transaction, ranging starting from 0.00001 BTC (0.01 mBTC).
“Cryptocurrencies are, without any doubts, the major trend of 2017. We’re actively working on improving trading conditions the Company offers to traders and extending access to different financial markets. The current demand for cryptocurrencies trading is pretty high and we’re quickly responding to it by introduction of new products and significant improvement of our services,” explained Andrey Goilov, an analyst at RoboForex.