Spectrum Markets Enhances Offering by Adding Crypto Turbo Warrants

Frankfurt-based Spectrum Markets announced on Wednesday the addition of cryptocurrency derivatives to its existing product line. It has launched turbo warrants trading with Bitcoin and Ethereum.

Trading with the new crypto derivatives will be available around the clock but only for five days a week, Monday to Friday, the press release shared with Finance Magnates detailed.

“We are proud to continue our track record of innovating to provide a better way for Europe’s retail investors, and this launch responds to a very strong demand for versatile exposure to 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,” said Nicky Maan, Spectrum Markets’ CEO.

Spectrum is known for offering securities derivatives to retail traders across Europe. The demand for its offerings exploded over recent years. Its trading turnover in the first quarter of 2022 jumped by 188 percent after closing 2021 with a 93 percent jump.

The trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term first started turbo warrants offerings last September, but only for selected stocks. Now, it has extended these instruments for cryptocurrency trading, which has been added to Spectrum’s existing suite of Turbo24.

What Are Turbo Warrants?

Turbo warrants or certificates are similar to contract for differences (CFDs) in many aspects: both are leveraged investment products. However, turbos have a built-in stop loss, and positions are automatically closed once a predetermined price level is reached.

While CFDs closely resemble futures, turbo warrants are closer to options where loss is effectively restricted.

“As well as being an easy way to access cryptocurrencies via their broker with a limited outlay, the Turbo24 products provide investors with tools to hedge exposure and better control their risk in what is, after all, a highly volatile asset class. We firmly believe there will continue to be a role for digital assets in retail investor portfolios, and we look forward to introducing further innovations and opportunities in this space,” Mann said.