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Screenshot of a breaking news alert e-mail from Q2 2017
FCA regulated retail forex broker ICM Capital has announced that it has launched trading on the cryptocurrency, bitcoin.
Confirming the move on Monday (3th November), ICM Capital said trading had commenced on Bitcoin CFDs, a widely traded cyptocurrency.
The move would enable traders to take a position on whether the value of the cryptocurrency will rise or fall, without having to take the risks associated with buying and storing it, with spreads similar to those on a range of asset classes from forex to commodities.
The intrinsic volatility of cryptocurrencies makes them appealing to traders with a steady nerve. Back in 2010, bitcoins were worth around 0.003 cents each. As of October 2017, that figure is upwards of $6,000 – though this value has proved volatile, with frequent intraday swings.