Leading forex brokerage Plus500 have signed a deal with Spanish football team Atlético Madrid that will see the company’s name displayed at the back of the team’s shirts. The deal, which will last until the end of the season (4 months) with an option to renew, will commence from tonight’s game between Atlético and Real – two bitter Madrid rivals.
Plus500 CEO Gal Haber said:
We are honored to be partnering with such an esteemed football club as Atletico Madrid, which has established a strong pedigree over its 111 year history. Atlético Madrid is a natural fit for us as Europe is our largest customer base
Plus500 is well known for its forex offerings, but has seen a surge as late in traders opening accounts to gain access the bitcoin trading facility offered on its web based platform. Traders can open long and short positions in BTCUSD, in order to profit from both upwards and downwards movement in the value of bitcoin versus the US Dollar.
For those holding bitcoin that are concerned about the recent price decline, this can also serve as a nice opportunity to hedge against any further decline.
Are you interested in actively trading BTC? Would you consider opening a short position to hedge against any potential further decline? Let us know!