SimpleFX has added 9 new cryptocurrencies to its online platform. The emerging crypto coins are available for leveraged trading in addition to add to an already established suite of fiscal products. With 2021 seeing the price of Bitcoin reaching new all time highs and the overall crypto market reaching $i trillion, the tidings of more than cryptos volition delight SimpleFX traders.
The new currencies added by the St Vincent too the Grenadines based broker are:
- Binance Coin
Performance of cryptocurrencies has soared inwards the terminal half dozen months. In early Jan 2021, Bitcoin jumped to more than $xl,000 (near £30k) spell Ethereum’s valuation rose more than 75% between 1st in addition to 9th January. The volatility of the crypto market place has meant that savvy retail traders accept made earnings beyond those usually seen on traditional instruments such equally forex together with stocks. SimpleFX’sec broadened offering shows a strategic move to meet customer postulate for more exotic altcoins.
The novel altcoins take not been immune to the recent cost jumps. Cardano more than doubled its valuation in the starting time few days of 2021 together with Binance Coin, regarded every bit 1 of the near promising cryptos for long term investors, continued on the steady increase trajectory seen since its concluding superlative inwards 2019.
Who Are SimpleFX?
SimpleFX offers leverage upward to 1:500 which tin live used to maximise net income. Accounts are committee-gratis too traders take a choice of platforms, including MetaTrader four. Demo accounts are also available. Deposit methods include multiple cryptos, and then investors volition postulate to open up an e-wallet with some other firm too buy through an telephone exchange such every bit Coinbase. Overall, SimpleFX is an excellent choice for online crypto traders.