AvaTrade Adds Three New Contracts-for-Difference
AvaTrade has revealed an expansion to their cryptocurrency offerings by introducing three new trading instruments relating to CFDs. These three new instrument pairings include the EOSUSD, NEOUSD and MIOTAUSD. These are the latest AvaTrade offerings in a portfolio expansion for 2019.
During this year, AvaTrade has progressively enhanced its trading services and cryptocurrency instruments to compete with the demand of investors. The adoption of cryptocurrency from institutional traders and investors has seen multiple financial institutions move to the crypto suite. AvaTrade has aggressively created new pairings and instruments since 2017, with eighteen coins provided today.
The advantages to trading cryptocurrencies like Bitcoin, Etheruem or LiteCoin through Contracts-for-Difference is that traders can invest into the price of the CFDs without having to purchase the CFD. Additionally, through CFD Trading, there are numerous tools in which stop orders and leverages can be altered. The additional CFD Instruments added by AvaTrade shows there is still a demand for this product, even with European Regulators like the ESMA initiating regulation that governs over CFDs.
Crypto Pairings Re-Labelled
Cryptocurrency is becoming a critical aspect of the global financial market, with multiple coins like Etheruem and Bitcoin gaining popularity after numerous years of decline. There is an ideal environment available for investors due to the high volatility in the Cryptocurrency Instruments. Many new traders and investors enter the market, trying to trade or purchase CFDs.
AvaTrade has relabelled three of its existing trading instruments. Etheruem, LiteCoin and Ripple have had their trading tools replaced with USD-Compatible pairings. The new pairings include the LTCUSD, ETHUSD and XRPUSD.
AvaTrade is making significant headway with their exclusive crypto offerings. During late 2018, the crypto exchange launched a new version of their affiliate program. The new affiliate program maintains new terms and conditions, which are aimed to assist traders and investors in the cryptocurrency market.