SpotOption Adds Over Thirty Cryptocurrencies to Asset Portfolio

Derivatives trading technology developer SpotOption announced today the addition 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 to its latest platform Spot5. From now on cryptocurrency trading will be available across the multi-product solution, including CFDs, MT4 Plug-In, etc.

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Over thirty cryptocurrencies will be available for Spot5 broker clients, such as Bitcoin, Litecoin, Ethereum, Ripple, Dash, and more. Deposits can be made through a Bitcoin e-wallet and payment can be processed with either USD/EUR/GBP, and operators are not exposed to any exchange rates, according to SpotOption.

"Integrating the most popular assets into our technology has always been a priority at SpotOption," says Pini Peter, founder. "At a time when the total market cap for Bitcoin alone has an estimated value of $64 Billion, it seemed only natural that we would include this popular and rising currency to our portfolio."

SpotOption explains to its clients that due to their 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, cryptocurrencies are very attractive and marketable, and offering them can bring significant traffic to one's trading website.

Spot5 focuses on complying with regulation in terms of trading products, as well as offering brokers and traders automated tools for running business activity and trading.

SpotOption was established in 2010, and has over two hundred employees, including programmers, developers, and designers. It has branches in the UK, Hong Kong, and the Middle East and clientele from around the globe, including Europe, Asia, Australia, Middle East, and Latin America.