Forex-Metal Adds Options for Bitcoin and Litecoin
Forex-Metal now allows customers to trade against the price of bitcoins and litecoins. Note: This is a sponsored story. Forex-Metal, a Forex and CFD broker, has announced that they will be adding the availability of Bitcoin and Litecoin trading instruments on their Forex platform. The availability of exposure to the Bitcoin price on traditional Forex exchanges is something that many people have been pointing at when it comes to creating a more stable price, and Forex-Metal is one of the first companies in their industry to offer this kind of unique method of trading assets based on the....
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CoinTelegraph asked a range of foreign exchange (forex) marketplaces how they thought the market in the future would cater to people’s desires to trade Bitcoin, and how it would respond to sudden changes and hidden challenges. The exchanges responded with quiet optimism. While they were not set up to trade cryptocurrency, they incorporated Bitcoin-related options into their fiat-based services. They said that, even though the market for Bitcoin is still small, the momentum behind its continued usage means it cannot be ignored. Mark Kaye, Business Development Officer at Forex-Metal, said:....
The bitcoin price volatility is still a concerning aspect of the digital currency.There are many options to avoid being exposed to the risk that such volatility entails and Forex has been one of the preferred options of many Bitcoin holders so far. The bitcoin price volatility is still a concerning aspect of the digital currency.There are many options to avoid being exposed to the risk that such volatility entails and Forex has been one of the preferred options of many Bitcoin holders so far. Many bitcoin users have been adopting the foreign currency exchange trading as a safe haven and....
Bitcoin has faced growing competition from newer cryptocurrencies, one of which is litecoin. Bitcoin was first introduced around 2008 in a paper by Japanese Satoshi Nakamoto and rose to fame for the next few years while litecoin was launched in 2011. According to its creators, litecoin could act as a secondary cryptocurrency to bitcoin, just as silver is a lower kind of precious metal compared to gold. As of this writing, litecoin has a market capitalization of around $75 million and is actually proving to be a rival of bitcoin, which is currently holding a market size of $4 billion.....
Forex has always been one of the most attractive investment options for less experienced traders. Now, bitcoin is bringing a new breed of investors to the forex trading space, and many brokers are opening its doors to the digital currency. In fact, this year all along, several Forex brokers started to deal with bitcoin, and it seems the interest, both from traders and brokers, in this type of investment is growing exponentially. The Foreign Exchange (Forex) Market is the largest market in the world. It is where foreign currencies are exchanged and where every day more than 4 trillion....
Online Forex trading has become very popular in recent years. It is a very attractive market for traders because it offers several advantages. Since the Forex Markets never sleeps, trading goes on all around the world during different countries' business hours, meaning that trading is always available. Forex has also become one attractive investment for Bitcoin holders, and many of them are now starting to trade in Forex Markets. Because forex is a $5.3 trillion-a-day market, with most trading concentrated in only a few currencies, there are always a lot of people trading. There are a lot....