XTB lowers spreads on cryptocurrencies

X-Trade Brokers DM SA 3 weeks ago extended its offer by cryptocurrencies, and today a decision was made to limit spreads. The discount applies to all instruments - Bitcoin, Dash, Ethereum, Litecoin and Ripple - and is effective immediately.

Virtual "currencies" are gaining in popularity every month and are increasingly sought after instruments for speculation by traders from around the world. According to the website Coin Market Cap on the market, the XTCUMX cryptocurrency is quoted, and the total capitalization exceeds 900 billion USD.

Be sure to read: Bitcoin and company. How big is the cryptocurrency market?

Spreads in points - Standard and Pro account

XTB is the first Polish broker to introduce contracts for exchange rate differences based on cryptocurrency quotes. On xStation 5.0, you can trade cryptocurrencies without direction restrictions - both buy (long) and sell (short) transactions are available. The broker offers trading with a leverage of 1:20 and immediate execution of orders.

Negative voices about similar plans to extend their offer by Forex brokers from around the world, including from Poland, are not weakening. Could we have been trading cryptocurrencies in a few years, which can offer us much more exchange rate volatility?