The Irish forex and CFDs broker AvaTrade announced it has added three new Cryptocurrencies to its CFDs trading portfolio. The broker is the first to launch trading in Ethereum, Ripple and Dash – tokens which are lately generating impressive returns.
The price of bitcoin is once again above $1,800 and the situation is similar with most cryptocurrencies – it seems that their prices surge as a result of political and financial events and a lot of money pouring into the blockchain market.
AvaTrade launched Bitcoin CFD trading in 2013 and the choice of the new cryptocurrencies added to its instruments offering is hardly surprising. Ripple and Ethereum are the second and third largest cryptocurrencies by market cap after Bitcoin. Ripple’s market cap currently amounts to $13,5 billion, up from 216,8 million in August 2016, when we registered the rise of the Steem toke, while Dash is rated sixth with a market cap of $619,9 million.
“The latest political and financial events have changed the trading world, and we work hard to ensure we stay on the top of our game, and always remain an industry leading brokerage“, commented Dáire Ferguson, CEO of AvaTrade. “We are proud to be the first to introduce these exciting cryptocurrencies to our impressive instruments’ selection“, he added.
AvaTrade, formerly known as AvaFX, was set up in 2006. It offers online trading in more than 200 CFD financial instruments, including on forex, indices, stocks, commodities, cryptocurrencies, as well as binary options.
It is headquartered in Ireland’s Dublin and has offices worldwide, including in France, Italy, China, Mongolia, Australia, and Japan. It consists of Ireland-licensed Ava Trade EU, Australia-licensed Ava Capital Markets Australia, Ava Trade Ltd., which is registered in the British Virgin Islands, Japan-regulated Ava Trade Japan K.K., South Africa-licensed Ava Capital Markets Pty, as well as an Israeli unit.