Allowing more people to invest in cryptocurrencies is not an easy feat by any means. Especially when it comes to institutional investors, there is a long way to go. RoboForex aims to name a positive impact in this regard, with a new cryptocurrency-related CFD venture. This is a big move for the international brokerage group. Whether or not this will impact cryptocurrencies in a major way, remains to be determined.
It is good to see RoboForex embark on such a bold venture. More specifically, launching CFDs on cryptocurrencies remains a risky venture, all things considered. Although such investment vehicles have a lot of promise, there is no guarantee for success whatsoever. Rest assured there will be some interest in these ventures, though. The company will mainly focus on Bitcoin and Ethereum for the time being.
RoboForex has a Bold Plan for CFD Trading
These new trading instruments can be found in MT4 and MT5 terminals accordingly. The decision to support cryptocurrencies was made due to growing customer demand. Focusing on the most popular solutions makes a lot of sense in this regard. This new investment vehicle will benefit traders and RoboForex partners as well. These instruments are available as of right now, which means people can get their hands on cryptocurrency CFDs as of right now.
This decision comes at a rather interesting time, to say the least. Interest and valuation of cryptocurrencies have grown significantly throughout 2017. The strong interest of buyers and investors cannot be ignored in this regard. Enabling cryptocurrencies for CFD trading is a pretty big decision for the company, to say the least. Deriving profits from many different investment vehicles is always the main goal for RoboForex customers.
The potential presented by cryptocurrencies markets is quite big right now. Specialists claim the Bitcoin price can easily double in value in a few months from now. With a higher price point seems an increased interest, and the cycle repeats itself. RoboForex wants to make a big name for itself in this industry while it is still in the nascent stages. Attracting more investors is always a great idea. It will be interesting to see how successful this CFD venture will be in the long run.