JFD Brokers ‎Relaunches Bitcoin CFDs, Opens New Office in Prague

Multi-regulated online trading provider JFD Brokers Ltd has publicly revealed its newest product offering, having relaunched the contracts-for-difference (CFD) instrument on the BTC/USD pair. The company is also opening a new administrative office in Prague, ‎adding to JFD’s presence in the Czech Republic.

Back in June 2017, JFD Brokers was one of the first CySEC-regulated brokers to offer the BTC/EUR and BTC/USD pairs for trading, with access to margin ‎and financing, as well as the ability to take both long and short ‎positions.‎

JFD Brokers also offers demo accounts for clients keen to try their hand at trading 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 before engaging in real dealings. The company has likely turned to CFDs as a way of offering cryptocurrency trading due to the difficulty in hedging positions in the real markets which always makes this derivative type a prime alternative to many underlying assets.

Chief Trading System Officer at JFD Brokers, Monika Peeva, commented: “Bitcoins have gained so much popularity, especially recently with the rise of 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 technology, that is impossible to ignore anymore. Bitcoins are real and their potential great.”

In January, JFD Brokers has acquired a majority stake in German bank ACON, which is headquartered in Munich and also has offices in Frankfurt, London, and Berlin. The deal includes a 51 percent stake with the potential for the acquisition of another 20 percent in the future.