Robomarkets, a brokerage that operates in the European markets, has added access to trading CFDs based on cryptocurrencies for its clients. Some of the most popular cryptocurrencies such as bitcoin, bitcoin cash, dash, ethereum, litecoin, and ripple, have been added to the list of available trading instruments.
European Brokerage Robomarkets Adds Cryptocurrency CFDs for 24/7 Trading
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24/7 Trading
Robomarkets, a Cyprus Securities and Exchange Commission (CYSEC) registered investment company, has announcedĀ that the following CFDs (contracts-for-difference) are now available to its clients: BTC/USD, ETH/USD, BCH/USD, DASH/USD, LTCUSD, and XRP/USD. With a maximum admissible leverage of 1:5, the above-mentioned instruments may be traded on the Metatrader 4, MetaTrader 5 and Webtrader platforms as well as on the companyās own R Trader terminals. In addition to that, the R Trader platform now offers clients with an option to buy cryptocurrencies without swaps (overnight fees common in FX) with a leverage value of 1:1.
Introducing the new concept to its clients, the company explained that unlike the trading instruments most CFD traders are used to, cryptocurrencies may be traded 24/7, including on the weekends when fiat currency pairs, commodities and stocks are not available for live trading operations. The brokerage says that this factor provides traders with an opportunity to use more trading strategies, which require some extra time to add to a usual business week.
Keeping Up With the Times
Konstantin Rashap, the companyās development manager in Europe commented: āRoboMarkets always keeps up with the times and implements cutting-edge technological solutions. Continuing our expansion on the European market, weāre pleased to offer our clients a new class of trading assets. By adding cryptocurrencies to the list of more than 8,700 instruments that are already available to RoboMarkets clients for trading, weāre not only responding to their demands, but also systematically expanding the list of our services and improving their quality.ā
The European brokerageās international sister company Roboforex first launched bitcoin and ethereum trading back in September 2017. The Belize-licensed firm also added CFDs based on bitcoin cash, dash, litecoin, and Rippleās XRP earlier this year.
Is the promise of 24/7 trading a good way to get CFD traders excited about cryptocurrencies? Share your thoughts in the comments section below!
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Do you like to research and read about Bitcoin technology? Check out Bitcoin.comās Wiki page for an in-depth look at Bitcoinās innovative technology and interesting history.
