easyMarkets, a global forex broker regulated in Cyprus and Australia, announced it is launching CFDs on Bitcoin, joining the global trend among the forex brokers.
With the launch of its Bitcoin (BTC) CFD, easyMarkets will be offering BTC against USD. The trading can be done 24/7, with a leverage of up to 1:10 and a minimum deposit of $100. Additionally, the company guarantees stop loss and take profit levels and that the client's trades will be executed at the price displayed on the trading platform, even during periods of market volatility and provides negative balance protection. easyMarkets is also offering a comprehensive Bitcoin eBook for those who are new to the world of cryptocurrency trading explaining the basics.
Evdokia Pitsillidou, Director of Risk Management at easyMarkets, commented:
The excitement surrounding recent record highs in the cryptocurrency markets has now evolved into intense interest in the future of digital currencies like Bitcoin. easyMarkets’ expansion into cryptocurrency CFDs is driven by increasing demand from our clients and we want to give them the option to explore the most fascinating asset class to emerge in years.
“As most traders already know, Bitcoin was the world’s first decentralised currency and, until recently, it could only be traded on a Bitcoin Exchange. With the advent of our cryptocurrency CFDs, that’s no longer the case. Our clients can now speculate purely on the price movement of the underlying asset, utilising leverage to increase their positions if they wish to.”
