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ThinkMarkets expands CFD offering with BTC, ETH, XRP, LTC

Sep 14 2017
By
Jonathan Smith

 The forex broker ThinkMarkets announced it is expanding its CFD offering with four of the most popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC).


 

The new instruments are available for trading on the MetaTrader 4 platform and the proprietary mobile trading platform of ThinkMarkets – Trade Interceptor.


 

“Bitcoin CFDs are a natural extension of our vast portfolio of financial instruments that include; major currencies, stock indices, precious metals and commodities”, said Nauman Anees, ThinkMarkets CEO & Co-founder. “The recent surge in volatility has triggered investor interest in the alternative digital asset class and we are well positioned to service virtual currency traders with unmatched trading conditions.”


 

“The surge in Bitcoin, driven by geopolitical tensions & market volatility, gives traders the opportunity to take advantage of daily price spikes. That’s why Bitcoin and digital currencies are set to become a key market for day traders”, commented Faizan Anees, Managing Director and Co-founder of ThinkMarkets.


 

At the same time, ThinkMarkets’ Chief Market Analyst, Naeem Aslam forecasted a continued bull run in the price of Bitcoin, “Looking at the current momentum, I still hold the target of 5,500 per Bitcoin by the end of this year. The current pull back is confirming that many investors are not ready to sell, therefore, this could be an opportunity to come join the trend.”


 

The cryptocurrencies are mostly used for speculative trading and have seen a significant surge in interest in the past few months. This has prompted a number of forex brokers to start offering various instruments with digital currencies.


 

Earlier this year the same did eToro, AvaTrade, HYCM, Admiral Markets, Fibo Group, Alpari, JFD Brokers, IG, IC Markets, Grand Capital, FXTM, FxPrime, etc. The majority are offering CFDs. Others, like eToro, are offering trading in digital currencies themselves and other instruments like Crypto Copy Funds.


 

Established in 2010, ThinkMarkets (formerly ThinkForex) offers trading in wide range of financial instruments to both retail and institutional clients. There are two companies behind the brand – F Global Markets (UK) Ltd., regulated by the UK Financial Conduct Authority (FCA), and TF Global Markets (Aust) Pty Ltd., licensed by the Australian Securities and Investments Commission (ASIC). The broker has offices in Australia, where it originated from, the UK, Australia, Chile, and the UAE.  

 

 

TAGS: thinkmarkets  cryptocurrencies 

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