FXOpen Becomes First Retail Forex Broker to Offer Ethereum Trading

While we have seen some retail 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 brokers cancel their Bitcoin denominated CFDs recently, FXOpen is showing again its commitment to cryprocurrency traders by launching Ethereum-based pairs. The firm announced that it is now offering ETH/USD and ETH/BTC for both its demo and live crypto users.

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Just last week BTC-e successfully completed the addition of two new trading pairs based on Ethereum and Dash, so maybe we will soon see FXOpen add Dash-based pairs for trading also to avoid been left behind by interested traders. At the time we predicted that this move might help Ethereum and Dash become more popular with active retail MT4 traders, especially in Russia and China, and it seems that FXOpen agrees with the.sentiment, at least with regard to Ethereum for now.

Ethereum is the hottest cryptocurrency since Bitcoin, with a total market cap of over $750 million. Dash, the cryptocurrency formerly known as DarkCoin, marked its second birthday back in January with a vote among its stakeholders to increase the blocksize from 1 MB to 2 MB. Evan Duffield, creator and chief architect of Dash, shared his thoughts with Finance Magnates about this move and his creation at the time.

Back in 2014 FXOpen launched Bitcoin, Litecoin and Namecoin Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for other brokers in partnership with BTC-e as part of their B2B liquidity provider offering. With it, brokers were first able to open accounts directly with FXOpen to trade bitcoins and to offer trading to their customers.

Natalia Zakharova, Head of Global Sales commented: "FXOpen continues to be at the cutting edge of the FX industry and is proud to announce further enhancements in crypto currency trading on MT4. With an ever increasing global interest in ethereum-based pairs and strong demand from our traders, we have quickly sourced the best liquidity available and added both ETH/USD and ETH/BTC markets our product range. We will also further expand out our crypto based accounts to include ethereum denominated accounts in the near future."