LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
RoboForex, an international financial broker, just announced that it is expanding the list of cryptocurrencies available for trading via MT4 and MT5 platforms. Apart from Bitcoin and Ethereum, the Company’s clients will have an opportunity to trade Bitcoin Cash, Dash, Litecoin, and Ripple. New instruments are already available for trading.
RoboForex continues expanding access to cryptocurrencies for its clients and adds new instruments, BCHUSD, DSHUSD, LTCUSD, and XRPUSD, which are available for trading via popular MT4 and MT5 platforms. Trading conditions for new digital currencies will be the same as for BTCUSD and ETHUSD pairs. The leverage applicable for the instruments is fixed at 1:10.
New instruments will allow traders to diversify their trading portfolios. In 2017, altcoins showed significant growth and attracted a lot of attention from traders, including our Company’s clients. The market capitalization of Ripple (XRP) increased from $200 million to $60 billion over a year. Dash (DSH) and Litecoin (LTC) prices rose by more than 50 times over the same period, from $15 to $850 and from $3.9 to $195 respectively. Bitcoin Cash was introduced last summer and nowadays it is being traded at the price level higher than $1,500. These numbers along with intensive development of the digital currency market were the reason why RoboForex decided to introduce new crypto instruments.
Denis Golomedov, CMO at RoboForex, is commenting this innovation:
We always keep up with the time and provide quality access to a wide range of trading instruments. The current situation is that a large part of our clients are trading cryptocurrencies and we see high potential in them. This market is very attractive due to its volatility. It is growing and scaling very quickly, and more and more people are taking interest in it. To satisfy this demand, corresponding infrastructure and services are required, and RoboForex is systematically, step by step, implementing them for its clients.