Over the past two years, we’ve seen a lot of forex brokers add Bitcoin and other Cryptocurrencies such as Ethereum to their trading platforms. Well now, Admiral Markets has added the controversial bitcoin fork, Bitcoin Cash.
Bitcoin Cash was created as a result of a hard fork in the Bitcoin Blockchain. A number of miners didn’t like the direction that bitcoin was headed, so they essentially created their own.
On Admiral Markets you can now trade Bitcoin Cash with 1:5 leverage. No commissions or swaps are charged on short positions. You’ll be trading a CFD on Admiral Markets – this allows instant trades and the ability to hold both long and short positions.
It will be interesting to see how Bitcoin Cash goes. It’s so far had a fairly rocky road and is currently trading at around $500 as of when this post was published. It is currently the third most valuable Cryptocurrency network.
The currency is definitely going to be volatile over the coming months. And of course, volatility also means there are plenty of trading opportunities. But it may be seen as a little too risky for many traders.
Will you be trading Bitcoin Cash? Let us know in the comments.