easyMarkets is continuing it’s push into cryptocurrency by adding Ripple and Ethereum trading.
Ethereum is the second largest cryptocurrency with a market cap of over $84 billion. The platform has uses beyond a currency and can be used to power distributed applications. ICO tokens are also usually distributed through the platform.
Popular forex and cfd trading platform, eToro, has added support for the cryptocurrency NEO.
NEO is often called the “chinese ethereum” as it shares many similarities with the popular ethereum cryptocurrency. Both can be used to power smart contracts and decentralized apps.
HYCM has added Ripple (XRP) and Bitcoin Cash (BCH) to their trading platform.
Ripple has seen a surge of popularity over the past twelve months and is now the third most popular Cryptocurrency. Bitcoin Cash, the controversial fork of the Bitcoin blockchain, is currently the 4th most popular cryptocurrency.
This bring the total number of cryptos on offer to 5, with Bitcoin, Ethereum and Litecoin already on the platform.
We’re starting to see more and more brokers add Cryptos to their platforms. Whether or not this will have any effect on the pice and popularity of cryptocurrency remains to be seen.
eToro has raised it’s minimum first deposit amount to $500.
The move comes after a surge in demand on the platform due to the popularity of cryptocurrency trading. The CEO penned a blog post to customers in December:
I’m happy to say that a growing number of people are choosing eToro as their preferred platform to trade and invest in cryptocurrencies. However, this growth has created some challenges for us, both from the technical and customer service ends
It remains to be seen if this move will have an impact on the worlds most popular social trading platform. eToro did temporarily increase this amount to $1000 but backed down days later.
The move to a $500 minimum only applies to first time deposits and customers will still be able to deposit smaller amounts.
The popular social trading platform, eToro has begun supporting Bitcoin Cash. This could be a huge boost to the currency as it makes it available to mainstream investors and traders on the worlds largest social trading platform.
eToro is a fully regulated broker and accepts deposits via numerous methods (such as credit card and paypal) – something which most cryptocurrency exchanges don’t offer.
EasyMarkets, the popular forex platform has launched Bitcoin CFD Trading.
It seems like there isn’t a week that goes by when a broker jumps in the the cryptocurrency space. And for good reason – Bitcoin and other cryptocurrency trading is on the rise. And more and more traditional investors are incorporating it into their trading.
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.