Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 27, 2019. The text below is an excerpt and does not contain the full analysis. Traditional Markets Today is a bank holiday in the UK and in the USA. So volumes are likely to…
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Retail forex broker FXCM Group, LLC today announced that it has expanded its cryptocurrency offering with the addition of Bitcoin Cash (BCH/USD) and Ripple (XRP/USD). After successfully launching crypto CFDs in 2018, FXCM has seen its retail clients continue to add cryptocurrencies to their portfolios. Having launched three other cryptocurrencies (Bitcoin, Ethereum, Litecoin) in the past…
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Bitcoin prices, despite a major breach at the Binance crypto exchange, have surged 9.3% in the past few days, now hovering at $6,166. What is pushing BTC past what most thought was an impenetrable barrier, the $6,000 level? Bloomberg announced the news: “Fidelity, one of the world’s largest investment firms with almost $7 billion customer…
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ErisX, the Chicago-based crypto exchange, is in the final testing phase before launching its spot crypto trading product offering. The news is that it is also testing with a number of its strategic partners in order to finalize operating protocols before the big day. Since TD Ameritrade and a few other notables are known to…
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Litecoin has seen a huge surge in the last 48 hours. As has Bitcoin and other cryptos to a lesser extent. The word on the street is that Litecoin could continue its forward momentum until the halving in months to come, however one thing we do know is volatility is the games maker of trading.…
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JPMorgan Chase (NYSE:JPM) may have taken the crypto world by surprise with its sudden “JPM Coin” introduction. The flurry of press headlines about this internal token/blockchain project have been a distraction, but if you peel back the layers of this circus sideshow, you would discover a host of other investment industry leaders touting the long-term…
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According to a new survey by the FX broker eToro, 43% of U.S millennials prefer to invest money in crypto assets as opposed to the stock market. The study also discovered that 71% of millennials are open to investing in digital assets, if they are offered by established financial institutions. Over half of the online…
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Trading technology solutions provider TradAir has just announced that it has made enhancements to its flagship trading solution to make it more dynamic for crypto currency traders and clients in growth markets. This is the first major platform update since the arrival of new Chief Technology Officer, Sebastien Donadio. All crypto trades have been marked…
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RoboForex, the Belize-based unit of the Retail FX brokerage group, has announced that it has launched a new service which will allow the company’s clients to deposit funds to their Bitcoin accounts (BTC accounts) by means of other cryptocurrencies. The sum deposited in alternative cryptocurrencies will be automatically converted into BTC according to the exchange rate…
Read moreAfter reporting an absolutely monster Q1 which saw it more than double its previous best quarterly Revenues, to $297 million, CFD broker Plus500 Ltd (LON:PLUS) has issued a mid-quarter Trading Update stating that its business continues to trade strongly. Accordingly, the Plus500 Board has materially increased its expectations for the group's financial performance for the year…
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