RoboForex launches trading CFDs on cryptocurrencies

RoboForex, an international brokerage group which provides online trading services on the global financial markets, just announced that it has expanded the list of its offers available to clients and enabled access to trading CFDs on cryptocurrencies.

Two of the most liquid digital currencies, bitcoin and ethereum, have been added to the list of trading instruments in MT4 and MT5 terminals.

RoboForex Ltd’s clients can now trade two of the most advanced and popular instruments, BTC/USD and ETH/USD.

At the moment, bitcoin and ethereum are one of the most popular and volatile trading instruments that draw the interest of both traders and investors. Over the last 8 months, bitcoin has almost tripled its price and once again attracted a lot of attention of professional traders and beginners of the currency market. Ethereum growth rates are also impressive: at the beginning of the year it cost just 8 USD, but nowadays its price equals to 295 USD. Right now, the market capitalization of ethereum is about 27.3 billion USD, of bitcoin – 64.5 billion USD.

Impressive growth of the cryptocurrencies market capitalization reflects the strong interest of buyers and investors to these assets.

Kiryl Kirychenka, Product Manager at RoboForex, said:

We’ve decided to enable cryptocurrencies for CFDs trading in the first place because of the keen interest of traders from all over the world to these assets. From now on, our clients will be able to derive profit from the fast growing cryptocurrency market without having to buy them. RoboForex offers one of the most favorable trading conditions for transactions involving digital currencies for both traders and investors. In the nearest future, we’re planning to continue developing in this direction and fundamentally improve our offers by adding new instruments and making trading conditions better.

According to many specialists, the cryptocurrency market has a great potential. Today’s average daily turnover of transactions involving cryptocurrencies is worth about 3 billion USD. Since the beginning of 2017, this number has increased eightfold and is still growing. The interest in cryptocurrencies continues rising and some countries have already accepted them as an official payment instrument. The number of goods and services that can be bought or exchanged for cryptocurrencies is also increasing, which makes these assets more liquid.

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RoboForex launches trading CFDs on cryptocurrencies

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