Online app makes it easier to trade digital currencies

Trading 212’s app is currently the most popular trading app in the UK, from trading shares, commodities and now crypto-currencies. According to Trading 212, the contribution of crypto-currencies to its total business is significant.

Trading 212 is surfing the wave of the digital currencies market, which has increased from $10 billion to $170 billion in 2017.

Customers can already trade bitcoin, ether, bitcoin cash, dash, ripple, monero and neo. And before the year end, additional crypto currencies will be added, including ethereum classic, iota, eos, lisk, augur, zcash, qtum, omisego, cardano, ark, steem, stratis and waves. And for those who do not want to buy a full bitcoin, its Bitcoin Mini market quotes a price for 10% of the value of a bitcoin.

A key difference compared with most exchanges is that it uses contract for differences (CFDs). This may reduce the complexity and the risk of owning digital currencies but is banned in the USA.

The Trading 212 app also includes a real-time chat facility, educational tools and regular cryptocurrencies analysis.

A number of forex brokers also offer crypto-currency trading, such as InterTrader, Avatrade.com and Trade.com.

 

October 30th, 2017 by