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Two major regulated forex brokers – eToro and AvaTrade – have announced they are expanding their cryptocurrency portfolio with NEO and Bitcoin Gold (BTG) and EOS (EOS), respectively.
The Israeli forex broker and social trading platform developer eToro has added to its portfolio the altcoin NEO (NEO) – one of the native tokens of the NEO blockchain. This happens less than a week after the broker started offering Stellar Lumens.
Unlike most forex brokers, which only offer trading in cryptocurrency CFDs, eToro allows its clients to actually purchase the coin, with the company acting as a custodian and holding the coins for their clients. With the latest additions, now the eToro clients can trade in The full list consists of Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, and NEO. Additionally, eToro offers crypto copy funds investment instruments in some of those cryptocurrencies.
“Already in 2018 we’ve seen attention shift away from mainstream cryptocurrencies and the market share of altcoins is increasing all the time. In our view, this trend is only set to continue,” said Yoni Assia, co-founder and CEO of eToro. “We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in. We’re excited to have brought NEO and Stellar onto the platform already this year and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community,” he added.
AvaTrade, on the other hand, has expanded its cryptocurrency portfolio with Bitcoin Gold and EOS. Along with these new additions, AvaTrade has also announced upgraded trading conditions across the board with lower spreads, decreased swap rates, and increased position sizes.
Unlike eToro, but similarly to most forex brokers, AvaTrade does not offer the coins themselves, but CFDs on the cryptocurrencies.
With the latest additions, AvaTrade clients can now trade in Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, Bitcoin Gold and EOS.
“In recent years, cryptocurrencies have changed the face of online trading for brokers and traders alike,” said AvaTrade CEO Dáire Ferguson. “At AvaTrade we continuously strive to deliver, not only the most forward-thinking technological advancements, but also the most popular and sought-after financial assets.”