Roboforex Adds 4 Cryptocurrency CFDs for Trading

Roboforex clients gain the ability to trade the instrument on the MT4 forex market
06 February 2018   884

RoboForex, an international financial broker, is expanding the list of cryptocurrencies available for trading via MT4 and MT5 platforms. Apart from and RoboForex clients will have an opportunity to trade Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, and Ripple. 

RoboForex expanded access to cryptocurrencies for its clients and added new instruments, BCHUSD, DSHUSD, LTCUSD, and XRPUSD, which are available for trading via popular MT4 and MT5 platforms. Trading conditions for new digital currencies will be the same as for BTCUSD and ETHUSD pairs. The leverage applicable for the instruments is fixed at 1:10.

We always keep up with the time and provide quality access to a wide range of trading instruments. The current situation is that a large part of our clients are trading cryptocurrencies and we see high potential in them. This market is very attractive due to its volatility. It is growing and scaling very quickly, and more and more people are taking interest in it. To satisfy this demand, corresponding infrastructure and services are required, and RoboForex is systematical, step by step, implementing them for its clients.

 

Denis Golomedov

CMO, RoboForex

It is worth mentioning that in September 2017 RoboForex provided its clients with an opportunity to trade two most popular instruments on the cryptocurrency market, BTCUSD and ETHUSD, which are available in MT4, MT5, and R Trader platforms.

SEC May Approve BTC ETF in 2019

This thought was told by Bill Barhydt, chief executive of bitcoin payment start-up Abra
05 September 2018   414

In an interview with CNBC, the head of Abra, Bill Barhydt, said that the SEC had not yet approved the bitcoin-ETF because the initiators of the launch of these funds "do not meet the expectations" of the agency.

I think the issue with the SEC, quite frankly, is that the people who are doing the applications don't fit mold of who the SEC is used to approving. I used to work for Goldman Sachs, but if you look at how I'm dressed you probably wouldn't know it. So I probably, unfortunately, couldn't go like I am here to a meeting at the SEC to say I'm applying for the ability to issue an ETF.
 

Bill Barhydt

CEO, Abra

According to Barhydt, the applicant must "look, smell and behave" as the SEC wants to approve the application. He also believes that the application for the launch of ETF from a reputable financial company will be approved rather than from a start-up.

He also expressed confidence that the first publicly cryptocurrency ETF will appear next year.

It's going to happen in the next year, I would actually make a bet on it. There is too much demand for it.
 

Bill Barhydt

CEO, Abra

In late August, the SEC rejected an application for the ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. At the same time, a similar fate awaited several applications for the launch of Bitcoin-ETF from Direxion and GraniteShares.