Cryptocurrences again on the XTB offer: Ripple, Ethereum, Dash and Litecoin

X-Trade Brokers announced the restoration of CFD instruments based on cryptocurrencies, such as Ripple, Ethereum, Dash and Litecoin. Trading on "new" instruments will be launched on February 23 this year. Earlier, in the first half of January, XTB reactivated trade on Bitcoin.

Terms of trade on cryptocurrencies

Along with the resumption of trading, new transaction terms and instrument specifications have been established. They are identical to BTC.

Specification:

• Spreads of 1% of the value of the instrument,
• 1 maximum lever: 5,
• Swaps - 0,08% daily (Long position) / 0,03% daily (Short position),
• The maximum 7-validity of the contract from the moment the transaction is concluded,
• Trading available on weekends. Trading hours: from Saturday 4: 00 to Friday 22: 00,
• The maximum capital commitment of 10 000 EUR.

Trading on cryptocurrencies is available only on the platform xStation.

Cryptocurrencies - market situation

At the end of the 2017 year, many brokers suddenly began withdrawing from their offers trading on virtual currencies. The reason was above all problems with obtaining adequate liquidity. This resulted in the inability to effectively secure the transaction, as well as very wide spreads. However, the rapid development of this segment of instruments meant that at the moment the situation looks normalized. Recently, Bitcoin trading has also restored Admiral Markets and TMS Brokers.

As of today, according to the portal CoinMarketCap, the capitalization of the entire cryptocurrency market is $ 465 893. This is more than a 240-fold increase over the last six months. There are already over 045 virtual coins in circulation.