AvaTrade Adds Ethereum, Dash, Ripple

Announcements, FinTech, Investing | May 19, 2017 By:

Irish Forex and CFD’s (contract for differences) broker AvaTrade is adding three new cryptocurencies, ethereum, Dash and Ripple’s XRP, to its trading portfolio. The company is the first Forex and CFD broker to introduce Ripple and DASH to Forex and commodity traders.

AvaTrade is fully regulated in the EU, Japan, Australia, South Africa and British Virgin Islands. Since 2010, international acquisitions have allowed the company to expand further, acquiring Japanese Forex broker Art Co. in July, 2010. The company first introduced bitcoin CFD trading in 2013, both on the popular MetaTrader 4 (MT4), and on its proprietary platform.

Ripple and ethereum are the second and third-largest cryptocurrencies by market cap after bitcoin. Ripple’s market cap currently amounts to $13,5 billion, up from 216,8 million in August 2016. Dash is rated sixth with a market cap of $619,9 million.

“The latest political and financial events have changed the trading world, and we work hard to ensure we stay on the top of our game, and always remain an industry leading brokerage”, said AvaTrade CEO Dáire Ferguson. “We are proud to be the first to introduce these exciting cryptocurrencies to our impressive instruments’ selection.”