Russian Grand Capital, Latest Forex & CFD Broker to Launch Cryptocurrency Trading

Russian based Grand Capital announced this week that is has begun to offer trading in 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 in addition to its existing selection of 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, commodities, and equity index trading products. The broker is part of KROUFR, a Russian self-regulating organization (SRO) for the forex industry. Due to the lack of formal financial regulations for forex trading in Russia KROUFR was created to provide some sort of oversight for the industry.

As opposed to other online brokers who have launched cryptos, Grand Capital is extending their offering beyond just bitcoins (BTC), also adding trading in litecoin (LTC), namecoin (NMC), and peercoin (PPC). Depending on the cryptocurrency denominations are available in euros (EUR), US dollars (USD), Russian Ruble (RUB) and Chinese yuan (CNH)

The entire list of tradable products are:

• BTC/USD
• BTC/EUR
• LTC/BTC
• LTC/USD
• NMC/USD
• LTC/EUR
• BTC/RUB
• LTC/RUB
• PPC/USD
• PPC/BTC
• BTC/CNH
• LTC/CNH

Trading is available in the form of a CFD, which tracks the price of the cryptocurrency but doesn’t provide traders ownership of the digital currency. Similar to other brokers that have launched cryptos, leverage is being reduced for these products by 50. As a result, customer allowed to trade with 200:1 leverage, have access to 4:1 leverage for cryptos.