Cryptocurrency CFDs to be available 24/7 in Europe

European brokerage Robomarkets has made cryptocurrency-based CFDs`trading possible for its clients
20 March 2018   675

Today the list of accessible trading instruments includes popular kinds of cryptocurrency: bitcoin, bitcoin cash, dash, ethereum, ripple and litecoin. An investment company Robomarkets registered by Cyprus Securities and Exchange Commission (CYREC) has added CFDs (contracts-for-difference) for constant trading: BTC/USD, ETH/USD, BCH/UCD, DASH/USD, XRP/USD and LTC/USD. The maximum admissible leverage of these instruments is 1:5. They may be traded on such platforms as Metatrader 4, Metatrader 5, Webtrader and also on the Robomarkets`own R Trader terminals. Moreover, the clients can buy cryptocurrencies without swaps (with a leverage value of 1:1) using the R Trader platform.

Robomarkets presented the new concept to its clients and explained that in contrast with the instruments the most CFD traders are used to, cryptocurrencies can be traded 24/7 including on the weekends when fiat currency pairs, stocks and commodities are unavailable for trading operations. This factor gives the traders an opportunity to use more strategies which may take some extra time to add to the common business week.

The Robomarkets` development manager Konstantin Rashap claimed that the company keeps up with modern and cutting-edge technological solutions and would be pleased to offer its clients trading assets of new class. According to his point of view, the aim of adding cryptocurrencies to the list of 8,700 available trading instruments is not only to respond to the clients`demands, but also to improve the services`quality.

Bitcoin and ethereum trading had been firstly launched by Roboforex, the European brokerage`s international sister company in September, 2017. Besides, the Belize-licenced firm added CFDs (bitcoin cash, dash, Ripple`s XRP, litecoin) earlier this year.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   102

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.