Business 7 February 2018

Erik Gibbs

Roboforex adds Bitcoin Cash support to its network

Roboforex adds Bitcoin Cash support to its net

In a move that is sure to please Bitcoin Cash (BCH) fans and help the cryptocurrency in its quest for global mainstream adoption, Roboforex has implemented a contract-for-difference (CFD) for the rising coin paired against the U.S. dollar. This will allow Roboforex clients to trade BCH on MT4, the highly popular retail forex market platform. It’s another milestone for BCH, which continues to gain acceptance on multiple levels spanning the globe.

Roboforex is a financial broker licensed by the International Financial Services Commission(IFSC) of Belize. With the acceptance of BCH, it expands the CFD cryptocurrency trading options available to its clients on both the MT4 and MT5 FX platforms. Roboforex traders can now include BCH with their Dash, Litecoin and Ripple price speculations. Leverage for theinstruments will be fixed at 1:10.

It was only a few months ago that the brokerage firm began offering the opportunity to tradeleveraged instruments on the cryptocurrency market. It opened the market to SegWit1x (BTC) and Ethereum in September on its own R Trader platform, as well as the MT4 and MT5and both Meta Trader platforms.

According to Roboforex officials, it was time to allow traders to more greatlydiversify their portfolios by offering the cryptocurrencies. During the 2017 cryptocurrency upswing, the majority of the company’s CFD clients were pushing for the move. CFD traders are known to be attracted to volatility, since the leveraged trading opens the door for them to go long or short.Coupled with the explosive growth in the cryptocurrency market, Roboforex knew the timing wasright to launch the service.

Roboforex is an international brokerage company that was founded in 2009. It has a special brokerage license through IFSC Belize to trade in financial and commodity-based derivative commodities, as well as other securities. It is a part of The Financial Commission, aninternational organization that resolves disputes between its members and their clients. The company is also an active participant in The Commission’s Compensation Fund, which provides insurance coverage to traders. Since last year, it has offered 24/7 trading on cryptocurrencies.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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