Haydn Franklin Haydn Franklin, Tuesday 17th September 2019, 11:05 AM CEST
Digital Currency, Ignore the Recent Bitcoin Surge

Digital Currency Trading Becoming Easier

Cryptocurrency doesn’t need to be some cryptic investment opportunities. This has become the viewpoint for digital exchange CopyFund. This crypto service enables clients to have access to dozens of digital currencies in a single platform. Owned by the famed trading network, eToro, six of the most significant crypto coins are provided. These include Ripple, Dash, Bitcoin, Litecoin, Ethereum and Ethereum Classic. Investors are capable of earning substantial funds in their stock portfolio by trading with retail clients worldwide. Luckily, these investors don’t need to have extensive knowledge on how to mine blockchains or master forks. CopyFund has created its services to be easily understood by anybody in a manner of a few hours. In these few hours, clients are taught what these coins are used for, how to best trade with them and their standard trading volumes. These three lessons teach retail investors everything required to payout substantial amounts on trades.

CopyFund has begun promoting “Crypto doesn’t need to be cryptic” across Europe. Their first advertisement appeared in the London Underground, which opens an entirely new demographic of individuals to cryptocurrency trading. Typically, those working at the London Stock Exchange don’t commute through the London Underground. Instead, these are the individuals who take thousands of trips on the subway yearly, and dream of a day when they could live their dream with millions of dollars behind them. CopyFund has advertised its services to the millennial generation in an appealing way. Unfortunately, there isn’t any information regarding on well the advertisement is doing.

Hargreaves Lansdown

EToro’s subsidiary CopyFund isn’t the only digital exchange that’s trying to bring cryptocurrency to the hands of everyday investors. Hargreaves Lansdown, an investment house in the United Kingdom has begun issuing digital notes that allow clients to track the performance of their digital currency trades. These notes were released back when Bitcoin was trading at $2,000.00. Since then the wealth of BTC has doubled, allowing any trader that hoped on Hargreaves offering to earn significant funds. These notes are being issued through XBT Provider, a processing firm in the United Kingdom of England.

Ryan Radloff, The Head of Investing Relations for XBT Provider, spoke about Hargreaves choices. He stated: “This is very exciting for any investors who have been thinking about buying bitcoin but did not want the hassle of security and regulation involved in buying bitcoin directly from exchanges. Now investors can quickly add bitcoin exposure to their portfolio via their brokerage account.”

Benefits & Difficulties

The growth of popularity in digital currency among young investors is what’s prompting these firms and multiple other exchanges to create new advertisements. However, most of these advertisements follow similar guidelines to the product intervention measures enacted by the European Securities Markets Authority. This means Hargreaves and any other exchange in the UK must maintain an advertisement identical to CopyFund’s. Their ad didn’t associate or promote any of the services offered on their platform; the company’s name is barely listed in the subtext of the advertisement.

The benefit of using one of these modernizing exchanges is that there aren’t any central banks that are managing or altering the influx of prices or odds. However, these benefits are still somewhat outweighed by the negatives. There aren’t many products on the web available to purchase with these cryptocurrencies unless you operate on the Dark Web. Luckily, there are numerous companies like Walmart and FedEx, who are looking into payment systems with cryptocurrency. When more publicly recognized companies begin to adopt blockchain payments, substantial growth will increase. However, financial institutions against cryptocurrencies will continuously urge corporations and government authorities to move away from digital currency. It appears their efforts are useless and that blockchain technology is an unstoppable innovation.

It tends to be that people prefer investing in financial markets that are easily understood, such as technology or housing. It’s hard to get excited about something that you cannot physically see or spend. These traders and retail clients rely on the premise that blockchain will inevitably become the future of all payments. There’s been proof of concept, with popularity increasing by more than 400% in the first six months of 2019. The potential for a globally recognized digital payment system could be enacted, but government authorities like India and the United States are slowing growth. India themselves have begun drafting legislation to bank cryptocurrency domestically, and the United States have been prompted to do the same. US Authorities are primarily concerned with the idea of Facebook’s Libra Coin or Telegram’s Gram Token.

The Public Growth

Firms, authors and investors worldwide have begun promoting cryptocurrency on an entirely new scale. Education is any new industries biggest hurdle, and in the last three months, more than 390 books have been released on Amazon regarding digital currencies. Furthermore, there are podcasts available on mobile devices and documentaries on streaming platforms. Cellphone suppliers like Samsung and Apple have begun creating their blockchain stores. Social media giant Facebook plans to educate their 2.7 Billion Consumers on the internal workings of blockchain. From all accounts, in the next five years, a large portion of the population will be familiar with digital currencies.

The one nation that’s seeing substantial growth in their blockchain markets on a day-to-day basis is China. Unfortunately, this has caught the attention of the government who ruled they’ve got ultimate say on the rise of cryptocurrencies. Subsequently, Chinese Traders have seen costs skyrocket for their Bitcoin trades. This has caused an influx in Chinese clients moving to offshore jurisdictions, which is increasing public growth in the European Union.

Haydn Franklin

Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected], View all posts by Haydn Franklin

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