ADS Securities, one of the heavyweight FX and CFD brokers in Europe and the Middle East, today announced in a corporate statement that it added more popular cryptocurrencies CFDs to its proprietary OREX platform.
The additional products will complement ADS’ existing product range of digital assets. Bitcoin Cash, Litecoin, and Ripple are available effective today, alongside the already installed Bitcoin and Ethereum.
The company’s client base is now able to trade in the five most popular altcoins directly on its own trading platform, making it easier for them to access a wider variety of crypto assets, in the sense that they are not just constrained to the big two or three.
ADS Securities also revealed it has reduced the spreads on Ethereum and Bitcoin CFDs.
The development marks the group’s latest emphasis on the OREX platform, which has been the subject of multiple updates in 2017 already.
The OREX platform suite includes OREX Mobile for traders, and its institutional offering includes OREX Optim, Pro, Direct, and Match. Additionally, ADS Securities London rolled out a new update to the platform in September, which included a spread-betting function that was compatible with both Android and iOS devices, catering to UK clients using desktop and mobile apps.
Jason Hughes, Head of Retail Sales, at ADS Securities, commented: “We are delighted to be expanding the offering on our OREX platform to include these key cryptocurrencies. OREX enables users to access the crypto markets with ease, and the flexibility of CFDs allow our clients to take long or short positions, helping their management of exposures and positioning during the current volatility in these markets. Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform.”