XTB Expands Offering to Include Bitcoin, Ethereum Trading for Clients

Polish brokerage house X-Trade Brokers (XTB) will be strengthening its core product suite with the addition of several new instruments, including leading Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum, among others. The decision comes during one of the most dynamic times for such products, with Bitcoin and Ethereum each peaking at all-time highs in June due to heightened demand.

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XTB will become the latest brokerage to offer access to cryptocurrency trading on June 25, 2017 – earlier this month, Finance Magnates interviewed XTB’s Owner Zabłocki, who noted the instruments’ potential and growing popularity. The broker’s consequent decision appears to be rooted in this mindset, with trading volumes for Bitcoin and other cryptocurrencies clearly catching the attention of XTB, among other venues around the industry.

Beginning on June 25, clients will gain access to a number of updated trading instruments across XTB’s Standard and Pro offerings – this includes BTC/USD, ETH/USD, XRP/USD, LTC/USD, and DSH/USD pairs. In particular, the newly introduced cryptocurrency instruments will be available exclusively on the xStation platform. Moreover, XTB is capping open positions for cryptocurrency pairs at fifty lots.

One of the factors affecting cryptocurrency trading activity in June was the problem of multiple outages at Coinbase, which caused a sharp pullback in both Bitcoin and Ethereum. Outages at such exchanges are directly related to massive hits in crypto prices, which stokes fears across the entire cryptocurrency ecosystem.