Exclusive: ADS Securities Launches Bitcoin CFD Trading to MENA Clients

The demand for cryptocurrency trading is spiking globally, prompting brokerages to expand their offerings. As such, ADS Securities has become the first brokerage to introduce Bitcoin contracts-for-difference (CFD) trading in the Middle East and North African (MENA) region via its MT4 platform.

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Abu Dhabi-based ADS Securities is strategically positioned to launch its new Bitcoin CFD offering for MENA clients. Regarding the timing of the offering, Jason Hughes, Global Head of Retail Sales, commented: “We will be the first brokerage in the MENA region to offer bitcoin trading. We have followed the growth of this very exciting and dynamic new trading asset, but before offering a service we wanted to really understand the market and make sure we have the right systems and protection in place for our clients.”

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Up until now, the MENA region has largely remained one of the least developed in terms of cryptocurrency exposure. However, as brokers embrace cryptocurrency, new offerings are being launched worldwide. This trend has been fueled by the meteoric rise of both Bitcoin and Ethereum, both of which have hit fresh all-time highs in recent weeks.

Bitcoin breaks $5,000 in latest price frenzy https://t.co/PVgW1KnHc7 pic.twitter.com/jMs5mw2v4M

— Fortune (@FortuneMagazine) September 4, 2017

Additionally, investor opinion of Bitcoin and other 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 has improved, as a groundswell of reputable exchanges have adopted them on their platforms. The offering of Bitcoin CFDs is important for ADS Securities as it moves to shore up a new market in the MENA region as client demand continues to grow.

“As with all trading it is very important to have the financial strength and the IT processes to protect positions. ADS Securities is the right partner for clients looking to trade cryptocurrencies. They understand that our capital reserves, regulation through the UAE Central Bank and the quality of the team provides a different level of support to them,” Mr. Hughes reiterated.

“We advise clients to look in detail at cryptocurrencies before trading them. The fact that they are less driven by market fundamentals provides a new investment choice and helps diversify portfolios. However, with the level of short-term 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 offer, it is important they can trade with a strong well-capitalised firm like ADS,” he explained.