The popular online brokerage AvaTrade, which has already made a name for itself in the world of forex and CFDs, has recently announced that it is now adding cryptocurrency pairs to the list of assets available for trading on its site. So far, the pairings available on AvaTrade are Ethereum Classic vs the US Dollar (ETH/USD) and Bitcoin vs. Euro (BTC/EUR). This trend towards being able to trade cryptocurrencies with currency pairs and not just as individual assets appear to be becoming more commonplace, and points towards more complex cryptocurrency trading options to come.
One of the most appealing aspects of cryptocurrency is precisely what makes it so risky: its volatility. What’s more, even when other markets are stable, cryptocurrencies can see amazing upswings in value. For instance, according to Finance Magnates only a little while that BTC/USD skyrocketed to $2877.
In his official statement, AvaTrade’s CEO Dire Ferguson stated that cryptocurrencies are the future and that his brokerage plans on being at the forefront when it comes to the changing trading landscape. So far, AvaTrade only has the two pairs available to trade on their site, but Ferguson made it clear that more are to be added in the near future.
Founded as Ava FX in 2006 as a foreign exchange market brokerage, in 2013 the name of the company was changed to AvaTrade in order to reflect its growing profile that went beyond forex trading to also include Contract For Difference trading (CFDs). With many offices all over the globe, other regulating bodies that have authorized AvaTrade include the Australian Securities & Investments Commission, the British Virgin Islands Financial Services Commission, and the Commodities Futures Association of Japan.
Another major online brokerage that has also added Bitcoin vs USD to its asset list is HYCM (Henyep Capital Markets), and it is fully expected that others will follow as more and more traders demand these very new currency pairs.

