18 Aug | Trading in Bitcoin
The emergence of Bitcoin as the crypto-currency of choice over the past few years has been nothing short of spectacular. And whilst it’s been readily adopted by many more technically-minded souls, there’s still a vast number of potential users — that for one reason or another — are a little more reluctant to join the Bitcoin revolution.
For many, the process involved in setting up an e-wallet and the inherent risk in owning a balance in such a volatile currency is enough to ensure they stay on the Bitcoin sidelines; for the time being at least. But from an investment perspective, taking a speculative stake in the cryptocurrency has never been easier.
Today, Bitcoin can be traded at ayondo via their financial spread betting and CFD trading platforms. Bitcoin is traded just like any other market. You can go long or short and incorporate stop-losses to limit your potential liability.
And of course, ayondo Traders take advantage of movements in the Bitcoin market without the need to open an e-wallet or purchase bitcoin over the Internet.
For those of us who lack the requisite knowledge required to confidently enter a market as complex and volatile as Bitcoin, the digital currency is now also available on the ayondo Social Trading platform, WeTrade. Ayondo users can follow the Bitcoin trades of ayondo’s Top Traders who’ve proven their Bitcoin trading credentials for all to see.
Commenting on the launch of their new Bitcoin trading facility, Raza Perez, Chief Product Officer at ayondo had this to say:
“The recent development of Bitcoin and the associated interest in Bitcoin is immense. In times of low volatility at the financial markets, the high variation in price offers an excellent trading opportunity. With the launch of Bitcoin we follow the demand of our clients and further strengthen our productrange.”
Ayondo offers trader protection way above the industry standard. Their free Negative Balance Cover protects traders from losses exceeding their capital and their additional insurance means that client deposits are guaranteed up to a limit of £1,000,000 per client.