Bitcoin investors trade forex online
The forex market is the biggest global trading market and is increasingly opening up to Bitcoin investors. More and more forex brokers are accepting bitcoin trades and this has grown considerably throughout 2015.
Bitcoin traders are renowned for their high risk attitudes and acceptance of greater risk for potentially larger profits. In general the market for Bitcoin trades has been extremely volatile, while the forex market is relatively stable.
Bitcoin traders seem to be less willing to accept the volatility of the market and more inclined to hedge Bitcoin dealings and safeguard lower markets by investing into Forex. The volume of Bitcoin trades indicates that the digital coinage is fast becoming a new prospect within foreign exchange.
Some of the brokers now supporting Bitcoin trading include Plus500 (Availability subject to regulation. 77% of retail CFD accounts lose money), eToro and AvaTrade. Some years back no forex trader would allow Bitcoin investments, however they are increasingly positive about the digital currency, with 12 brokers opening their door to Bitcoin trades this year and more to follow.
Bitcoin has rallied immensely over the past few days, climbing 33 percent against the US dollar, which has been its strongest rise since December 2013. One positive reason for this rise is the European Court ruling that Bitcoin be exempt from VAT, due to its status as virtual coinage.
Swelling industrial interest in the “blockchain” technology upon with Bitcoin operates also seems to have contributed to the encouraging news about this digital currency. Strong corporate interest has been received from R3 and Digital Asset Holdings and some news sites are speculating that Bitcoin could be likely to be classed as a reserve currency in the near future.
Forex brokers offering Bitcoin trading
AvaTrade – Offers Bitcoin CFD Trading.
eToro – Offers Bitcoin CFD trading.
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