FXOpen Becomes First Retail Forex Broker to Accept Ethereum Deposits

Retail forex broker FXOpen is again showing its commitment to cryptocurrency users by enabling the deposit and withdrawal of funds via the world's second most valuable Blockchain asset by market cap – Ethereum.

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It should be noted that FXOpen now allows making transactions via ETH only, and does not support the forked out "Ethereum Classic" (ETC). Other terms include a withdrawal commission of 0.01 ETH and a minimum deposit or withdrawal sum of 0.01 ETH. The brokerage does not set a maximum for ETH transaction nor is there a сommission for Ethereum deposits.

Back in May FXOpen launched Ethereum-based trading pairs, offering access to both ETH/USD and ETH/BTC for both its live and demo clients. Natalia Zakharova, the firm's Head of Global Sales, commented at the time: “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.”

In June FXOpen also introduced Dash-based pairs - again the first ever in the forex market to do so - offering access to DSH/BTC as well as ETH/RUB (ether/Russian ruble).