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The UK forex broker FXOpen announced it is expanding its range of trading instruments and as of May 3, begins supporting the Ethereum (ETH) cryptocurrency. The broker introduces two new currency pairs ETH/USD and ETH/BTC.
The new cryptocurrency, as well as the others, offered by the broker, can be traded both on demo and live accounts. Trading in cryptocurrencies is available through “Demo Crypto” and “Crypto” accounts.
Besides Ethereum, FXOpen offers trading in Bitcoin, Namecoin, Litecoin and Peercoin directly against the US Dollar, Euro or Russian Ruble though BTC-e, one of the top online cryptocurrency exchanges, as a liquidity provider. The order execution is based on the ECN Aggregator – FXOpen’s proprietary technology. Those cryptocurrencies can be traded against USD, EUR, GBP, RUB, JPY, with a leverage of up to 1:3 and a minimum deposit of $10.
The popular cryptocurrency decentralized platform Ethereum was launched in the end of July 2015. As of May 3 one Ether has passed the $10 mark and was traded for $10.44.
The Ethereum was recently added to the offering of Japan’s largest cryptocurrency exchange – bitFlyer.
FXOpen is regulated by UK’s FCA. It offers forex and CFD trade, via ECN and STP accounts with different level of experience and investment.
In the end of March it joined the partnership program of the forex rebate service provider PayBackFX and in February slashed the commissions for ECN accounts.