AvaTrade Ramps Up Crypto Offering, Adds Three New CFDs

AvaTrade has expanded its cryptocurrency offering with the introduction of three new instruments to its CFDs suite. This includes NEOUSD, EOSUSD, and MIOTAUSD pairs, which represent the latest additions to a growing portfolio of cryptos available for clients.

Over the past year, AvaTrade has steadily added crypto instruments to its offering as client demand continues to see strong growth. Indeed, cryptocurrency adoption by mainstream traders and investors has coincided with their embrace by brokers. Since mid-2017, AvaTrade has been aggressively growing its crypto suite, which has now swelled to cover 18 coins in total.

By trading cryptocurrencies in the form of CFDs, traders have the opportunity to invest in their price without having to actually buy them. Furthermore, they can take advantage of a wide array of traditional trading tools such as leverage and stop orders.

The step confirms that demand amongst traders for such derivative products is still in full swing, with the launch coming shortly after European regulators outlined a set of rules on offering crypto CFDs.

AvaTrade re-labels crypto pairs

Cryptocurrency trading is at a key juncture, with Bitcoin and other altcoins recently rebounding off its multi-year lows. The massive range of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term exhibited in these instruments creates an ideal environment for investors in CFDs, many of whom are looking for ways to buy into the cryptos’ bear run, just as they were able to bet against their rapid ascension last year.

In addition to the new offering, AvaTrade has also re-labeled its existing Ethereum, Ripple & Litecoin instruments and replaced its already installed instruments with new USD labeled ones: ETHUSD, XRPUSD & LTCUSD, respectively.

The rollout represents AvaTrade’s latest effort to focus on 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. Earlier last year, AvaTrade, relaunched its affiliate program with modified terms, in an effort to expand its cryptocurrency client base. The program was aimed at attracting cryptocurrency traders, to accommodate the brokerage’s efforts to expand its crypto CFD assets.