IG becomes first major brokerage to offer Bitcoin wagering
IG becomes first major brokerage explained by professional Forex trading experts the “IG becomes first major brokerage” FX trading team.
IG becomes first major brokerage
IG Group, the largest UK spreadbetting company, is now offering Bitcoin binary options tradiing to their clients with an expiration of 31 May — those who go long will “win” a specified amount if Bitcoins end up higher on May 31 than when the bet is opened; and conversely, those who go short will win if the Bitcoin price is lower on May 31. Very simple.
So when will Bitcoin trading hit the “mainstream” retail FX sector? We think it will still be a while. Here’s why.
Bitcoin prices have seen heavy volatility (see one-month price chart below) ever since the Cyprus EU bailout crisis came to a head a few weeks ago. The price of Bitcoin has jumped from about $13 in January to a peak of $266 in early April, settling now in the $135 range. The largest Bitcoin exchange Mt Gox crashed more than once under the sudden heavy activity.
IG becomes first major brokerage Conclusion
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