FCA regulated social trading and fintech technology provider Ayondo announced that has expanded its product portfolio with the launch of Bitcoin trading, allowing its clients easy access to the price movement of Bitcoin without the need to open up an e-wallet to purchase bitcoin in the internet.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
The digital currency has experienced rapid growth recently and can now be traded at ayondo via spread betting/CFD trading. Bitcoin is also available to signal providers on the ayondo Social Trading platform WeTrade.
Commenting on the launch, Raza Perez, Chief Product Officer ayondo says:
The recent development of Bitcoin and the associated interest in Bitcoin is immense. In times of low volatility at the financial markets, the high variation in price offers an excellent trading opportunity. With the launch of Bitcoin we follow the demand of our clients and further strengthen our product range.