de | cn | ru

Brokers News

Trade Bitcoin Binary Options With TradeRush

Jun 19 2013

In the space of just a few months, all sorts of things have been happening to bitcoin trading. We have seen the cryptocurrency's value steadily grow to about $266 per unit, then crash to $105 a few hours later, sink even lower to about $50... and then climb right back up by $100. The biggest bitcoin exchange, Mt. Gox, was assailed with lawsuits, followed by a full-on federal investigation. And yet, the innovative digital currency continues to thrive. In fact, it has now caught the eye of binary options broker TradeRush, which has decided to begin offering bitcoin on its binary options trading platform.


It is exactly the surge in volatility the currency has been experienced lately that most likely led TradeRush to include it in its offering. A currency whose value changes significantly from one hour to the next is ideal for binary options trading, where a trader is required to only guess whether a currency pair's value will move higher or lower, and actual prices are not important. Though the value of bitcoin has remained a lot steadier over the past weeks that it was in April, there is still enough of a fluctuation. Since the beginning of the month, it has now strayed below $90 per unit, or above $130. At the moment of writing, a single bitcoin is worth a little less than $109. 


If a TradeRush client were to decide to try out the broker's new offer now, they would find only one bitcoin binary option available. It offers a 70% maximum payout and expires at 6:30 PM today. This means that if I invest $100 now in the hopes that bitcoin value will drop below current levels (which is what the popular opinion on TradeRush seems to be for now), I could end up $70 richer in a few hours. Of course, knowing this currency's fickleness, I could lose my $100 just as easily.



I believe this is exactly why bitcoin has not gained as much popularity among brokers as it has with traders. An instrument that offers practically no opportunity for meaningful technical or fundamental analysis probably seems too untrustworthy and unconventional. Still, there have been some brave attempts to rein in the cryptocurrency and place it within the confines of regular old Forex trading. The most recent of these was made by Plus500, who started offering BTCUSD with a leverage of 1:4 and a 100-pips spread at the end of April. Currently, the broker has increased its leverage for the pair to 1:5, probably owing to the decrease in volatility lately. 


As for binary options trading, TradeRush is not exactly a pioneer. UK broker IG Group had a temporary bitcoin binary option running throughout May this year on a trial basis. Though the company's management did not opt to continue running the option permanently, it did pave the way for other companies. 


Having more brokers offer bitcoin as a trading instrument would also have an added benefit of making digital currency more regulated. When bitcoin is offered as a Forex or binary options trading instrument, it automatically falls under the authority of relevant regulatory bodies. Though the CFTC has been considering creating a set of rules aimed at digital currency in particular, no further steps have been made in that direction as of now. Hopefully, increased broker interest will manage to bring about at least some orderliness in the otherwise unstable world of digital currency.



TAGS: traderush  bitcoin  binary options  bitcoin binary options 
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru