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Admiral Markets follows the footsteps of XTB and expands the Crypto offer
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Admiral Markets follows the footsteps of XTB and expands the Crypto offer

created Paweł MosionekNovember 13 2018

Admiral Markets as another Forex broker announced a significant development of its offer of cryptocurrency instruments. Very much X-Trade Brokers informed about similar novelties introduced recently. What will we find in the popular AM offer?

Crypto offer- Admiral Markets

The main novelty is primarily the addition of new instruments. Until now, only popular virtual tokens in relation to USD could be traded. Now we can find in Admiral's offer 32 pairs associated with cryptocurrencies, including couples in the krypto-krypto relationship.

In addition to virtual currencies in relation to USD, there will also be cryptocurrencies from EUR, Eos (EOS), Stellar Lumens (XLM) and Ethereum Classic (ETC), as well as Bitcoin corssy, including BCC / BTC (Bitcoin cash in relation to Bitcoin " classical ").

Another new feature is the launch of trade on weekends. This is something that brokers withdrew very quickly a year ago due to liquidity problems. It looks like the problem has been resolved.

All cryptocurrency pairs in relation to USD are available for trading via 24h, 7 days a week. Thanks to this, the phenomenon of weekend gaps was eliminated, which in case of cryptocurrencies was extremely dangerous for clients' portfolios.

Forex brokers or Crypto-Forex brokers?

Cryptocurrencies are on the wave and are developing exceptionally dynamically, despite the drop in volatility. It seems to be only a matter of time before the next brokers follow in the footsteps of XTB and AM. Could a small revolution await us, where Forex brokers will cease to be perceived as brokerage houses offering trade in currency pairs, and will begin to resemble more of brokers in trade, primarily cryptocurrencies?

This vision seems relatively unlikely in the coming months. But whether in the next years 5-10 too?

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.