Libertex Adds Bitcoin and Litecoin Contract Trading

Announcements, FinTech, Investing, Regulation | July 10, 2017 By:

Libertex has announced that contracts-for-difference (CFDs) for bitcoin and Litecoin are now available for European traders on its platform.

Libertex is the trading platform of Indication Investments Ltd, a member of Forex Club group – a collective brand of several entities that provide trading in Forex and CFDs on shares, metals, indices, and other instruments.

The platform has more than 2,200,000 customers in Latin America, Europe and Asia.

CFDs for bitcoin and Litecoin, unlike physical buying of the cryptocurrencies, allows profit not only from asset appreciation, but also from depreciation.

Libertex business development manager Andrew Nikolaev stated that the reason behind the move is the growing investor interest towards digital currencies.

“Nowadays,  the interest in cryptocurrencies is very high, and the number of people intending to invest money into cryptocurrencies grows in geometric progression,” said Nikolaev. “Launch of the contracts for these instruments in Libertex will satisfy the demand from European traders.”