Admiral Markets Launches Trading on New Cryptocurrency ‘Bitcoin Cash’

London-based financial trading provider Admiral Markets UK Ltd. today said that it has become the first brokerage firm to offer trading on so-called Bitcoin Cash, the new cryptocurrency that was spun out of the original Bitcoin earlier this week.

The London Summit 2017 is coming, get involved!

[gptAdvertisement]

The latest member of the cryptocurrency family was created on Tuesday after a faction of Bitcoin developers forced the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term to split into two separate chains, which allows miners to more rapidly process transactions in larger units known as blocks.

The company now offers its clients easy access to the price movement of Bitcoin Cash through the BCH/USD pairing, which is now live and available for demo and live accounts.

The new digital currency is expected to draw notable attention and demand as it is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community.

In the hours after the blockchain split, the price of the new token has rallied nearly 200 percent from around $214 to $628. Despite the rapid jumps, BCC is worth just a fifth of the original Bitcoin, which is currently trading around $2,770, according to industry website Coindesk.

Effective today, the brand new instrument will be available for trading 24/7, with 1:5 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term and no commission or swaps charged for short positions.

Jens Chrzanowski, Member of the Management Board Admiral Markets, commented: “As far as I know, we’re the first to offer the new Bitcoin Cash cryptocurrency for trading. It’s brand new, but has managed to instantly become the world’s third most valued cryptocurrency by market capitalisation. We advise you to try out trading new instruments like this with our demo account.”