Admiral Markets Adds New Cryptocurrency Contracts-for-Difference (CFDs) with EOS, XLM and ETC
Admiral Markets Expands its CFDs Offerings, Adding New Coins
Once again, the London-based broker Admiral Markets has expanded its contracts-for-difference (CFDs) offering, adding news digital assets which include Ethereum Classic, Stellar Lumen, and EOS. The company also announced that it will present its clients globally with an opportunity to access cryptocurrency CFDs pairs against the Euro.
The new instruments introduced adds to the rapidly expanding suit of cryptocurrencies by Admiral, following consistent demand from its clients in the past few months. Currently, the company offers its traders Monero vs USD CFD (XMRUSD) with leverage up to 5:1. This time, it has hinted that the new coins will be paired with bitcoin.
Demand for Diverse Options
Admiral Markets has been shoring up its offerings really quickly especially in 2018. While the most remarkable launch is that of 2017 when it debuted with Bitcoin CFDs, the latest expansions have largely been fueled by demand for diverse options.
The company rolled out a number of cryptocurrency-related offerings last year, which included Bitcoin Cash. It also offered tired leverage on multiple cryptocurrency products, given the strong demand and impressive client feedback.
Contract Expire Each Week
Admiral Markets’ contracts usually expire every week on Friday, but are rolled over during the weekend in readiness for a new week. This strategy was instituted to help prevent potential gaps that clients can incur, reflecting price changes while the Admiral Markets trading is closed. The changes have so far worked well, helping a number of underlying issues that challenge CFD brokerage.
As per the company’s statement, its new offering will be accessible directly through Priority Access mode exclusively for professional clients. In a couple of weeks, it will be open for the retail clients.