AvaTrade Introduces Three More CFDs Into Its Growing Portfolio Of Products
AvaTrade, the Dublin-headquartered global average-to-competitive spreads provider, is adding three new offers to its CFDs suite. It is introducing NEOUSD, EOSUSD and MIOTAUSD trading pairs, all in a bid to diversify its portfolio of products.
The expansion is highly expected to suitably serve the growing needs of the spreads provider’s client needs, which have been steadily growing over the past year. The situation has been further boosted by the recent happenings in the industry whereby crypto adoption is increasing at the same rate as to how brokers are embracing them.
The New Trio Underscores How Fast AvaTrade is Growing
But for AvaTrade, this new development is just another indicator that its base is expanding at an impressive pace. The company had grown from mid-2017 when the run started to its current portfolio consisting of 18 coins.
One of the main reasons why AvaTrade is registering this massive growth at a small period is because of its fascinating investment model. Basically, unlike investing in cryptos the conventional way, the platform’s CFDs grants traders the convenience of investing without literally owning the actual coins.
What’s more, traders investing via the platform enjoy a vast array of popular trading tools, including leverage and stop orders. This gives the assurance that they aren’t engaging in risky endeavors or need to keep watch of the market to make a decent profit out of it.
With the three new trading pairs, AvaTrade is once again confirming that traders are still jostling for such derivative products. However, their rollout is coming at a time when European regulators are releasing an updated list of rules regarding all crypto-based CFDs.
Trading in cryptos at the moment is proving a bit more impressive given the way BTC and Altcoins are gaining after years of consistent lows. The volatility in pairs is, however, giving a majority of the CFDs investors a tremendous leeway of earning huge profits. And many are already enjoying the bear run, perhaps allowing them to reap big after last year’s losses.
It Has Also Relabeled Some Pairs
But this addition further highlights the spread provider’s renewed focus on digital assets. It is coming almost a year after the platform’s launch of an affiliate program that was intended to further grow its customer base. It was designed to lure more ordinary cryptocurrency investors into CFDs and subsequently improve the platform’s crypto CFD assets.