Online trading broker ATFX (UK) has just announced the launch of four new trading instruments, adding the most popular and largest cryptocurrencies in the world by market cap quoted against USD, Bitcoin, Ethereum, Litecoin and XRP by Ripple labs.
The trading instruments are now available to Buy and Sell as CFDs through the online multi-asset trading provider. ATFX (UK) explained that CFDs are a more convenient way of trading cryptocurrencies; Traders can speculate on their price movements without the hassle of owning and storing them, and get to choose to take advantage of price movements regardless of whether markets move up or down by taking both long and short positions.
The advantages of trading cryptocurrency CFDs don’t end there,” Marcos Tigsilema, Commercial Director of ATFX (UK) explained, “it is a cost effective way to trade both rising and falling cryptocurrency markets, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange and not having to worry about your cryptocurrency being lost, stolen or hacked.” With the platform offering the ability to trade 24/5 with localised support from a team of experts, traders can make the most of the markets to open and close positions whenever they spot an opportunity.
ATFX (UK) has recently expanded its product offering in the UK to include Spread Betting and has announced its first affiliate programme, aimed at increasing its client base across Europe.