International multi-asset broker HotForex.com today announced the launch of Bitcoin trading for its clients. This follows an announcement earlier this year that clients can deposit with the digital currency. Bitcoin trading will be available to both buy and sell traders.
HotForex will offer Bitcoin trading to clients under the HF Markets (SV) and HF Markets SA (PTY) entities. Trading in Bitcoin will be available in BTC/USD and BTC/EUR pairs. The broker said that clients trading the pairs will get the benefit of competitive prices, liquidity and lower spreads.
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A HotForex spokesperson said: “Bitcoin has been rapidly changing the financial world since it was created. Here at HotForex, we believe in helping our clients keep up with the latest instruments, the newest tools and the best educational resources: adding this popular new cryptocurrency to our products was the natural next step, and offering the option to buy or sell sets us apart from brokers that only allow clients to buy. We hope our clients enjoy these new possibilities.”
HotForex is an international multi-asset broker founded in 2010. It provides online forex and CFDs trading services and facilities to both retail and institutional clients worldwide.
Digital currencies have attracted a lot of interest among investors and proved many financial pundits wrong regarding its sustainability and the propensity for innovation in blockchain technology. Bitcoin has matched the market cap of Paypal after hitting record levels of $4000 in the short span of 8 years, and this has encouraged more and more brokers to join the growing list offering Bitcoin trading on their platforms.