The latest forex broker to offer access to cryptocurrency trading is X-Trade Brokers, known as XTB (WSE:XTB), online media Finance Magnates reported on Monday. As of June 25, the clients of Polish forex brokerage will be able to trade BTC/USD, ETH/USD, XRP/USD, LTC/USD, and DSH/USD pairs.
Currently, Bitcoin and Ethereum are the most popular and well-capitalized cryptocurrencies. Last week Bitcoin’s price surged to almost $3,000 and this all-time high created an euphoria throughout the financial markets. Ripple (XRP) and Litecoin (LTC) are respectively the third and fourth digital currencies by market cap, while Dash (DSH) is ranked seventh.
A growing number of forex brokers have expanded their tradable currencies portfolio with digital currencies lately due to the rising interest and prices of Bitcoin and the like: UK and Cyprus-regulated forex and CFD broker HYCM extended its offering with an option for bitcoin trading; Social trading platform eToro also added Ethereum Classic to its cryptocurrencies list and besides, launched investment CopyFund in Bitcoin and Ethereum; Irish forex brokerage AvaTrade added Bitcoin, Dash and Ripple and another European forex broker – JFD Brokers – launched Bitcoin trading.
Founded in 2002, XTB is a European forex broker regulated by UK’s Financial Conduct Authority (FCA) and Poland’s financial supervision commission (KNF). It is now established in more than 15 countries in Europe, South America and Asia. Due to the recent severe limitations imposed by Turkey’s Capital Markets Board (SPK), XTB recently announced it exits the Turkish market.