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AvaTrade reduces spreads on key cryptocurrencies and adds more equity baskets


AvaTrade this week announced a suite of upgrades to its trading offering, reducing spreads on several cryptocurrencies – including Ethereum, Ripple and Bitcoin Gold – and adding several new instruments to its platform.

Users will now be able to trade cryptocurrencies Chainlink and Uniswap as well as several new equity indices baskets on topical securities. The updates come as the broker continues to expand and diversify the trading options at its users’ disposal while remaining highly competitive in its offering.

Third wave decentralised finance cryptos

Chainlink and Uniswap are both types of third-wave decentralised finance (DeFi) crypto, an establishment of autonomous enterprises that are not controlled by a central source. DeFi coins, such as Chainlink and Uniswap, extend the use of blockchain from simple value transfer to more complex financial use cases, with the autonomous infrastructure operating via smart contracts and blockchains and thus non-reliant on financial intermediaries.

Commenting on the updates, Dáire Ferguson, CEO at AvaTrade, said: “We are delighted to expand our client offering with the addition of some important new products. DeFi is really starting to take off in the crypto space and we are delighted to be able to offer our clients the chance to trade these new instruments. In addition, a scale-back in crypto spreads now means AvaTrade’s offering is among the most competitive on the market, bringing our clients better value when trading.”

Meanwhile, the equity indices baskets added to AvaTrade’s platform present users with several exciting new options for trading on trending assets while minimising exposure to the risks associated with investing in a single stock.

The indices offer access to specific baskets of stocks, tracking segments such as airlines and airports giants, COVID-19 vaccine giants and green energy giants, enabling users to trade based on wider industry trends without having to take on the research or risk associated with picking out a single business or selection of businesses.

AvaTrade is one of the world’s largest, most regulated CFD brokers. Regulated in seven jurisdictions and offering clients around-the-clock support and services in over 20 languages, the multi-award-winning organisation prides itself on its dedication to helping users to trade with confidence – regardless of their level or background.

AvaTrade provides access to ultra-low spreads on over 1,250 trading instruments – including AvaOptions, MetaTrader 4/5 and its latest risk management tool, AvaProtect – through both its web trader and mobile app, AvaTradeGO.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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