Forex Broker IC Markets expands Into Cryptocurrency CFD trading with Ethereum, Bitcoin Cash, Dash Coin and Litecoin
ASIC regulated Retail FX broker IC Markets has announced that it has introduced four new Cryptocurrencies to its offering of tradable products. The new additions are in response to increased global demand for Cryptocurrencies and follow the successful release of Bitcoin (BTCUSD) to IC Markets clients in August this year.
According to the MD of IC market
The new Cryptocurrencies all have market capitalisations in excess of 1 Billion USD, are highly liquid and well supported across multiple exchanges. They include: Ethereum (ETHUSD), Bitcoin Cash (BCHUSD), Dash Coin (DSHUSD) and Lite Coin (LTCUSD). IC Markets states that tight exchange pricing and no commissions provide ideal conditions for traders looking to speculate on Cryptocurrencies. Additionally, the Cryptos are offered as CFDs, allowing traders to go long or short on margin.
Previously in August;
ASIC regulated Retail Forex broker IC Markets announced that it has added Bitcoin (BTCUSD) to its growing product offering. The addition of Bitcoin, 2017’s best performing asset with a price increase exceeding 350%, comes after burgeoning client demand as the Cryptocurrency soars to record highs.
The IC Markets Bitcoin product is traded as a CFD, allowing traders to benefit from Bitcoin volatility by going both long and short (HotForex has added Bitcoin to its Cryptocurrency CFDs the same way), a feature not available on most Cryptocurrency exchanges. Instant cash settlement of trades and leverage up to 1:20 are other benefits of trading CFDs with IC Markets.
IC Markets Director Angus Walker also commented:
We’re pleased to be giving investors the opportunity to go long or short Bitcoin with an Australian owned and regulated broker. This allows traders to focus on their trading instead of the risks and complexities of using an unregulated Cryptocurrency exchange.
IC Markets Director Angus Walker added:
As a speculative medium, there are few products in the world that can compare with Cryptos right now. Since our clients are active traders, we give them the products with the best opportunities to trade as well as the best trading conditions to fully exploit those opportunities. These additions highlight our commitment to provide our clients with opportunities relevant to the current financial landscape.