2018 has seen AvaTrade proceed to make its cryptocurrency stronger in 2018. It has achieved this by introducing 2 new coins to its existing suite. These two coins are EOS coin and Bitcoin Gold (BTG), they represent its latest additions to it’s expanding portfolio of available cryptos for clients.
AvaTrade has in the past one year successfully incorporated crypto instruments to cryptocurrency offering. It has done this in a steady manner due to a significant increase in client demand. It is true that the adoption of cryptocurrency by both mainstream investors and traders is in line with its acceptance by brokers. AvaTrade has been expanding its crypto suite from mid-2017. It is this aggressive growth that has now increased to add EOS and Bitcoin Gold thus masking a total of thirteen coins.
The Chief Executive Officer of AvaTrade known as Dire Ferguson made a comment on the matter. He said that cryptocurrencies in the past few years revolutionized online trading for both traders and brokers. Mr. Dire proceeded to say that is why AvaTrade strives to deliver consistently through both sought-after and popular financial assets and futuristic advancements.
Bitcoin Gold created a hardfork of Bitcoin that took place in the month of October 2017. In fact, its market cap is $2.35 billion as it stands while that of EOS is $6.66 billion. This was after a solid initial coin offering in the past year. Furthermore, AvaTrade has initiated new trading conditions that include slight alterations to its position sizes, swap rates and spreads.
The launch is a representation of the latest efforts by AvaTrade to concentrate on cryptocurrencies. The company relaunched the affiliate program it runs earlier this month by modifying its terms. All these are efforts are meant to grow its client base for cryptocurrency. The objective of the program was to accommodate brokerages efforts and attract cryptocurrency traders in order to witness an expansion in the company’s crypto CFD assets.