Henyep Capital Markets (HYCM), a leading forex and CFD broker regulated by FCA UK and the Cyprus Securities and Exchange Commission (CySEC) Now Offers Bitcoin Trading.
Making way for its clients to avail trading in the BTC/USD pair, HYCM has decided to embrace the new currency. This will be an addition to the tradable assets already offered by HYCM, which includes commodities, currencies, shares, metals and indices. The new currency featured in the list of top 10 cryptocurrencies for investment in 2017, presents new and exciting opportunities for traders.
Finance tycoons opine that this strategic decision by the CFD brokering and forex trading company was taken keeping in mind the popular demand for bitcoins in the present financial market. The digital currency has been amassing a strong following in this industry. It is reported HYCM has made this move following demands from its clients.
The HYCM uses the MetaTrader 4 platform for its forex and CFD trading. It caters to both institutional traders and retail clients, and is regulated by the Financial Conduct Authority in the UK, the Securities and Exchange Commission in Cyprus and the Financial Service Authority in Dubai. It is part of the bigger international business empire, the Henyep Group. Henyep Group has a solid presence in the sectors spanning property, finance, education and charity.
The adoption of Bitcoin by HYCM is big news because its parent company is globally established, with offices in Dubai, Hong Kong, Cyprus and the UK.
In related news, Ethereum Classic was added by eToro. This social trading platform incorporated both Bitcoin and Ethereum to launch its investment product, CopyFund. News of more forex brokers adding Bitcoin trading is doing the rounds, with the European JFD Brokers and AvaTrade joining the list. AvaTrade additionally uses Dash and Ripple for its trading activities.
Despite the fact that it is a highly volatile instrument, Bitcoin is the most expensive and also the most popular, amongst the leading digital currencies. Bitcoin’s market capital is estimated to be valued at $34 billion. The price rise along with increasing interest in these currencies, has persuaded a number of forex brokers to incorporate them in their businesses, thus expanding their portfolio of tradable currencies.