AvaTrade Expands Crypto Offering with Bitcoin Gold, EOS
AvaTrade has continued to strengthen its cryptocurrency offering in 2018 with the introduction of two new coins to its suite. This includes Bitcoin Gold and EOS coin, which represent the latest additions to a growing portfolio of cryptos available for clients.
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Over the past year, AvaTrade has steadily added crypto instruments to its offering as client demand continues to see strong growth. Indeed, cryptocurrency adoption by mainstream traders and investors has coincided with their embrace by brokers. Since mid-2017, AvaTrade has been aggressively growing its crypto suite, which has now swelled to include Bitcoin Gold and EOS, representing thirteen coins in total.
AvaTrade CEO Dáire Ferguson commented on the new offering: “In recent years, cryptocurrencies have changed the face of online trading for brokers and traders alike. At AvaTrade we continuously strive to deliver, not only the most forward-thinking technological advancements, but also the most popular and sought-after financial assets.”
Bitcoin Gold constituted a hard fork of Bitcoin that occurred back in October 2017 – it currently has a market cap of $2.35 billion. EOS has a market cap of $6.66 billion after a strong initial coin offering (ICO) last year. In addition to the new offering, AvaTrade has also rolled out new trading conditions including a slight change to its spreads, swap rates, and position sizes.
The rollout represents AvaTrade’s latest effort to focus on cryptocurrencies. Earlier this month, AvaTrade, relaunched its affiliate program with modified terms, in an effort to expand its cryptocurrency client base. The program was aimed at attracting cryptocurrency traders, to accommodate the brokerage’s efforts to consistently expand its crypto CFD assets.
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