IC Markets, an Australian Forex broker regulated by ASIC has recently made the announcement of adding BTCUSD or Bitcoin to their expanding list of product base. With a price hike of more than 350%, Bitcoin can surely be termed as one of the best performing asset of the current fiscal. In the backdrop of Bitcoin reaching record high figures, IC Market took the well thought out decision of introducing Bitcoin trading to its platform.
Bitcoin trading had been picking up momentum amongst both experienced investors and amateur traders with its associated volatility and skyrocketing price. Starting out with below $1000 figures at the beginning of 2017, Bitcoin has witnessed a steep rise to $4200 till date.
Bitcoin network did undergo a downtime at the beginning of this month with network split resulting in two separate blockchains. But all such challenges have been taken care of and Bitcoin network has been set back to normal working mode with an increased dash of confidence amongst both traders and investors. This ever increasing demand of Bitcoin has fostered Forex traders like IC Markets to proceed with the idea of implementing Bitcoin trading platforms.
BTCUSD will be traded as CFD thus making it easier for traders to reap the benefit of Bitcoin volatility. Most of the Forex exchanges and Cryptocurrency platforms do not provide the digital currency CFD feature. Maximum leverage of 1:20 shall be offered by IC Markets on Bitcoin trading.
IC Markets will be providing its investors with the chance of trading in both long and short Bitcoins. This will surely help traders and investors to turn attention to their trading rather than getting all worried about the risks and potential complexities of dealing with unregulated Cryptocurrency exchanges. IC Market has big hopes with the latest addition of Bitcoin trading under its performance wing. Bitcoin market has undergone an upheaval in the last few months both in terms of price and market cap. IC Market hopes to benefit the most of Bitcoin’s dream run in cryptospace.
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