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.
Ripple, the worlds third most popular cryptocurrency is a real time settlement platform. It’s seen as a “business/corporate” friendly cryptocurrency, with the backing of some of the worlds largest banks.
easyMarkets is offering fixed spreads on their cryptos and guaranteed stop loss and take profits. This is a big deal as cryptocurrencies can be extremely volatile. Being able to exit a trade at the right time is essential. One thing I don’t like about their product is the 7 day expiry. Competing platform eToro offers a similar product without an expiry on the contract.