Foreign exchange and CFDs brokerage AvaTrade has added a brand new cryptocurrency to its buying and selling portfolio, Bitcoin Money. The web buying and selling firm now affords 7 altcoins on its platform, together with Bitcoin, Ripple, Litecoin, Sprint, Ethereum, and Ethereum Basic. The brand new cryptocurrency will out there to commerce in opposition to the US greenback underneath the image BCH/USD.
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Bitcoin Money was launched earlier this month, following the Bitcoin fork. The brand new altcoin has the third highest buying and selling quantity, with Bitcoin and Ethereum main the pack.
Daire Ferguson, the Chief Government Officer of AvaTrade, named 2017 because the 12 months of altcoin buying and selling. “2017 is the 12 months of crypto buying and selling, and we’re very proud to be main the trade and providing our purchasers the very best buying and selling setting. What drives us in the whole lot we do are our purchasers – and we’re comfortable to reply their wants and continually try to supply new and thrilling buying and selling alternatives.”
Earlier this month, Admiral Markets launched Bitcoin Money on its web site, pairing it up with the US greenback. The web buying and selling firm made the coin out there to each demo and stay buying and selling accounts on the time. Following its cut up from the Bitcoin, the brand new cryptocurrency rallied from $214 to $628 in a matter of some hours. Regardless of the hovering worth, the brand new altcoin was value a mere fifth of the worth of its forefather, which was traded at $2770 again then.
In June, AvaTrade added new cryptocurrency pairs to its asset record – Ethereum Basic in opposition to the US greenback and Bitcoin in opposition to the euro.