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   1482

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.

BTC to Reach $1M, IBM Executive Believes

Jesse Lund said Bitcoin will reach $5000 by the end of the year, but he believes it will reach $1 000 000 in the future
22 February 2019   109

On the eve of 2020, the price of Bitcoin will be at the level of $ 5000, but in the future it will rise to $ 1 million. This assumption was made by Vice President of IBM for the blockchain and digital currencies Jesse Lund.

I see Bitcoin at a million dollars someday. If Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny. I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.
 

Jesse Lund

Vice President for the blockchain and digital currencies, IBM

In late August, IBM launched the Blockchain World Wire platform based on the Stellar protocol for instant cross-border payments.

In February, IBM launched the Internet of Things and the blockchain to combat drought.