ACY Securities Adds Chainlink, Stellar, EOS, & Polkadot to Crypto Offering

ACY Securities, one of the fastest growing multi-regulated CFD brokers in the Asia Pacific region, has announced that a line-up of 4 new 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 have been added to its digital currency offering, as the firm continues to expand the number of instruments on offer to give clients greater choice.

The Sydney based broker issued a statement this morning confirming that Chainlink, Stellar Lumen, Polkadot and EOS are among the new digital currencies rolled out to add greater variety to their range of crypto assets.

The new offering of digital currencies is in addition to the major cryptocurrencies the Australian brokerage has on offer, which include Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash. All of which can be traded against the US dollar.

Alla Darwish, Head of Global Brokerage at ACY Securities, said there has been a surge in interest around speculating on the pricing of cryptocurrencies versus buying coins because investors can take long or short positions and can trade the 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 with leverage.

“One of the most appealing things about cryptocurrency trading is of course the volatility, and in recent months we are seeing more and more investors and traders wanting to speculate on digital currencies through CFDs where obviously they have the option to long or short, can trade with leverage and don’t need a wallet.” said Mr Darwish in a statement to the media today.

He further commented,

“Adding more and more instruments to our range of markets to provide our clients more choices is something we are committed to do on an ongoing basis. It’s all about empowering clients through choice so they can trade what they like, when they like.”

ACY Securities recently doubled their offering of global and Australian stocks across the NYSE, Nasdaq, NYSE Arca Equities and the ASX from 800 to over 1600, including ETFs such as SPDR S&P500 ETF Trust, VanEck Vectors Gold Miners, and the Proshares UltraPro Dow 30 to name a few.

Explore ACY’s full range of markets, including the new digital currencies.