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Screenshot of a breaking news alert e-mail from Q2 2017
CySEC regulated Retail and CFD brokerage group AAATrade has announced the launch of six cryptocurrency pairs, further broadening its choice of trading instruments. Bitcoin, Ethereum, Litecoin and Dash are now tradable against the dollar and there are also two cross pairs, Ethereum/bitcoin and Litecoin/bitcoin.
The increasing popularity of bitcoin and other crypto trading among traders and investors has encouraged AAATrade to take this step in response to traders’ requests. The inception of cryptocurrencies in 2009 and their wider uptake in the past few years have led to their appreciation in price. 2017 in particular has seen a sharp rise in the price of bitcoin; it’s significant movements like this which have piqued the interest of traders.
AAATrade’s general manager Dr. Jennifer Iacovidou said:
This is a great step for AAATrade and our clients because trading crypto with a regulated firm means greater peace of mind than with unregulated exchanges. AAATrade’s pricing model is open, with details of the costs to traders presented on our website, giving traders the transparency that they might not find elsewhere.