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Screenshot of a breaking news alert e-mail from Q2 2017
ASIC regulated Retail Forex broker IC Markets announced today that has added Bitcoin (BTCUSD) to its growing product offering. The addition of Bitcoin, 2017’s best performing asset with a price increase exceeding 350%, comes after burgeoning client demand as the Cryptocurrency soars to record highs.
The IC Markets Bitcoin product is traded as a CFD, allowing traders to benefit from Bitcoin volatility by going both long and short (HotForex has added Bitcoin to its Cryptocurrency CFDs the same way just yesterday), a feature not available on most Cryptocurrency exchanges. Instant cash settlement of trades and leverage up to 1:20 are other benefits of trading CFDs with IC Markets.
IC Markets Director Angus Walker commented:
We’re pleased to be giving investors the opportunity to go long or short Bitcoin with an Australian owned and regulated broker. This allows traders to focus on their trading instead of the risks and complexities of using an unregulated Cryptocurrency exchange.