FXOpen, an FCA-regulated forex broker, announced it has added the cryptocurrency Ether (ETH) to its deposit and withdrawal methods.
The minimum deposit or withdrawal is 0.01 ETH and the maximum deposit or withdrawal has no limitations. The deposit in Ether will be commission-free and withdrawal will be charged with 0.01 ETH.
The cryptocurrency decentralized platform Ethereum was launched in the end of July 2015. It creates decentralized applications and generates the cryptocurrency ether. Initially traded for $1, the current price of ether is $13.14. Earlier this year it reached a record high market capitalization compared to other alternative digital currencies – over $1 billion. Currently its market cap stands at $1 109 692 441, according to Coinmarketcap.com
Ether is now the second popular cryptocurrency after Bitcoin. During the hard fork in July 2016, the Ethereum community split into two blockchains –Ethereum (ETH) and Ethereum Classic (ETC).
FXOpen was one of the first forex brokers to offer trading in ether this May. The broker has also been busy expanding its deposit and withdrawal options, not only with more “traditional” means like the prepaid debit card paysafecard and the ePayments system, but also started accepting deposits in millibitcoin.
FXOpen is regulated by UK’s FCA. It offers forex and CFD trading, via ECN and STP accounts with different level of experience and investment.