Dash, Monero and Zcash now on Admiral Markets
Every business owner knows that, in order to succeed, you must give the customer what he wants. Admiral Markets has repeatedly shown that it follows this mantra. After receiving a large number of requests from its clients, the company is adding Dash, Monero and Zcash to its contracts-for-difference (CFD) offerings.
Altcoins have already become a favorite among brokers this year following the introduction of Bitcoin CFDs in 2017. The constant rise in demand by clients for more diverse options has spawned given way to an increase in cryptocurrency options. Admiral Markets last year took several steps forward by including Bitcoin Cash and CFD short selling in August. Tiered leverage on a few cryptocurrency products was also implemented due to demand and customer feedback.
Admiral Markets put cryptocurrency CFD trading back on the Metatrader5 platform last month. Traders can now trade Ethereum and Bitcoin with leverage of up to 5 to 1. Ripple, Litecoin and Bitcoin Cash leverage is 2 to 1.
Contracts for cryptocurrency CFD traders on Admiral Markets expire every Friday, and are rolled over to the weekend. This policy was designed to prevent issues that can arise around price changes when Admiral Markets trading is closed outside normal trading hours. It helped resolve some of the problems that prevented CFD brokers from being able to properly provide access to cryptocurrency trading.