Cryptocurrencies make great tradable assets, thanks to their growing demand and price volatility. Many forex trading platforms have now included bitcoin as one of the trading assets on their platforms. And then there are few platforms like FXOpen that have gone a step beyond by including more cryptocurrencies.
Recently, the trading platform has announced that it is including Ethereum as another tradable asset on this platform. With the inclusion of Ethereum, the platform now offers ETH/USD and ETH/BTC pairs. With the inclusion of Ethereum support, FXOpen is now among the few forex platforms that offer multiple cryptocurrency pairs for trading.
In the same announcement, the platform mentions the availability of demo Crypto account for its users where they can try trading the cryptocurrency offerings on the platform without any risk to their actual fund holdings. The demo Crypto account feature is available for both new and existing FXOpen users. Those interested in exploring the demo account can do so by making use of the simplified registration process.
The inclusion of Ethereum into FXOpen comes at the right time as many traders and increasingly showing interest in the cryptocurrency. The main reason for growing interest is the performance of Ethereum in the recent months, whose value has increased many folds since the beginning of this year. The demand among traders has forced many Bitcoin exchanges to include Ethereum into their platform. Some of the well-known Bitcoin exchanges like Bitfinex, who had no intention of diverging from their Bitcoin offering have done so due to increasing requests from their customer base.
Ethereum is currently the second largest cryptocurrency in terms of market share. it is positioned right below bitcoin, after displacing Litecoin from its position. On the other hand, Dash is another digital currency that is increasingly gaining attention in the recent days. Dash was included by BTC-e recently, along with Ethereum.
With more and more forex platforms including crypto-crypto and crypto-fiat pairs, we can expect an increase in its adoption among the mainstream forex trading community. This will in turn definitely drive the demand for these cryptocurrencies. This trend is likely to continue as other platforms decide to stay up to speed with their counterparts.
Ref: FXOpen Image Header: NewsBTC Graphics
