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CFD broker AvaTrade launches four new cryptocurrency pairs

CFD broker AvaTrade has added three new digital currency pairs to its existing range for CFD traders. It has added NEO/USD, EOS/USD and MIOT/AUS to an existing range of 14 cryptocurrency pairs. The CFD broker launched the new pairs at the beginning of the month.

AvaTrade also said it was relabeling its existing Ethereum, Ripple and Litecoin instruments – they will now be trading under the conventional forex trading pair format, namely ETH/USD, XRP/USD and LTC/USD.

“The crypto environment is becoming one of the most exciting developments in financial history,” says Daire Ferguson, CEO at AvaTrade. “Hardly a day goes by without some additional innovation being announced. Each of these has the potential to change the world in very fundamental ways, and any company that claims a position of leadership has absolutely no choice but to stay ahead of the curve.”

AvaTrade was set up originally in 2006 and operates globally. It has managed to maintain a strong position in the CFD broking and forex trading market by responding quickly to the latest innovations in online trading. AvaTrade offers a range of educational materials which can help traders get up to speed with CFD trading products.

AvaTrade has been noted for its rapid expansion: the CFD broker now has over 200,000 trading clients globally, who execute more than two million trades per month. The company’s total trading volumes surpass $60 billion per month. The broker offers traders access to forex, stocks, commodities and indices.

Clients of AvaTrade have their accounts segregated: funds are kept in separate Tier 1 financial institutions to ensure that they are safe from difficulties with the broker itself. They are further secured by the latest SSL protocols.

AvaTrade also offers its client zero commissions, competitive spreads, and customer support in 14 languages.

  • Read more about AvaTrade on The Armchair Trader
Stuart Fieldhouse, Editor

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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