Abstract:The international Forex broker OctaFX has recently added 25 new cryptocurrencies paired with the U.S. dollar, ready to be traded on its services from 14 March 2022.
A brief market recap
The whole cryptocurrency market is turbulent since there is no certainty on where bitcoin might go next. After recovering from its low of 34,750 U.S. dollars on 24 February, the world‘s first cryptocurrency is in sideways motion with an occasional uptrend with some market participants’ slightly bullish sentiments. At this time of writing, bitcoin hovers slightly above 39,000 U.S. dollars.
Up until recently, OctaFX offered only five cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple), all paired exclusively with the U.S. dollar. From today, anyone can start trading any of the 30 cryptocurrency pairs.
Here is a list of just ten of the 25 new pairs that the global Forex broker has included:
Solana (SOL)
Cardano (ADA)
Binance Coin (BTB)
Matic (MATIC/POLYGON)
Cosmos (ATOM)
ZCash (ZEC)
Decentraland (MANA)
Polkadot (DOT)
Chainlink (LINK)
Avalanche (AVAX).
These new cryptocurrencies are among the highest in market capitalisation, making them a popular choice for any savvy trader who wants to avoid volatility and best utilise market opportunities.
All of these pairs come with a ratio of 1:25 maximum leverage. To check the complete list of all available cryptocurrencies, please visit the OctaFX official website.
About OctaFX
OctaFX is a global broker providing online trading services worldwide since 2011. It offers everything one needs to reach their investment goals, providing top-notch conditions utilised already by 7.5 million clients globally.
The company is involved in a comprehensive network of charity and humanitarian initiatives, including improvement of educational infrastructure, short-notice relief projects, supporting local communities and small to medium enterprises.
On a side note, OctaFX has also won more than 45 awards since its foundation, including the 2021 ‘Best Forex Broker Asia’ award from Global Banking & Finance Review and 2021 ‘Best ECN Broker’ award by World Finance.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
eToro was founded in Israel in 2007, and has expanded to a range of international markets over the years, allowing clients to invest in stocks, ETFs, currencies, cryptocurrencies, and CFDs. eToro stands out for its social trading features, including CopyTrader, which enables novice investors to copy the strategies used by top performing traders on the network. Beyond accessing global markets, users also benefit from innovative offerings like eToros virtual portfolio capability that allows practice trading using real market data.
Among the plethora of trading platforms available, two giants stand out: TradingView and MetaQuotes. How does a trader choose between these two titans?
Early on Wednesday, the US Dollar compared to its main competitors. The USD Index (DXY) fluctuates within a narrow range below 104.00, having ended the previous four trading days. At 18:00 GMT, the Federal Reserve (Fed) will release the updated Summary of Economic Projections, also known as the "dot plot." Starting at 18:30 GMT, Fed Chairman Jerome Powell will hold a press conference to discuss policy and the economic questions.
The foreign exchange market is an international, decentralized, over-the-counter platform where currencies can be traded. The foreign exchange rates for each currency are set by this market. It covers every facet of purchasing, selling, and converting currencies at established or current rates.