AvaTrade Launches New Tradable Cryptocurrency Pairs

AvaTrade, a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage, has announced the addition of cryptocurrency pairs to its asset list on its website, and noted its intention to add more in the future. As of now, the online trading firm offers Ethereum Classic versus the American dollar (ETH/USD), and the Bitcoin versus the euro (BTC/EUR).

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The allure of 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 appears to be their high volatility, as well as the ability of their value to soar to new highs even when other markets are not volatile. About two weeks ago, Finance Magnates covered the Bitcoin versus the dollar exchange rate reaching $2877. Being able to trade cryptocurrencies within currency pairs rather than just as individual assets may be a sign of more advanced stages to come.

Dáire Ferguson, the CEO of AvaTrade, commented: "These are exciting times; the trading world is changing in front of our eyes, and we are glad to play a major role in it. Cryptocurrencies are the future, and AvaTrade stands in the frontline of brokers when it comes to trading them. We work hard to insure we offer our clients the best trading conditions and possibilities."

AvaTrade is a brokerage offering forex and contracts for difference (CFDs) trading. The company was established back in 2006, and is authorized and licensed to offer financial advice and online trading services to clients by several regulatory authorities such as the Central Bank of Ireland (Reference No.: C53877).

Last week, Finance Magnates reported HYCM’s having added cryptocurrency pair Bitcoin versus the American dollar to its asset list. The reason behind adding these new currency pairs is the increase in demand for them from traders.

This morning, Finance Magnates covered XTB's having added several cryptocurrency pairs of its own.