Orbex, a leading forex and CFD trading platform, announced on June 8, 2022, that it would expand its asset range to include crypto trading. According to the announcement, Orbex will now offer traders access to 11 major crypto pairs.
Details of the New Offering
Orbex is expanding its offering to include crypto amid the growing demand for crypto trading. Traders will have access to eleven of the world’s leading coins by market cap including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Hash (BCH), Ripple (XRP), Dogecoin (DOGE), EOS, Stellar (XLM), Polkadot (DOT), and Chainlink (LINK).
The new crypto coins offered via Orbex are pegged against the US dollar. They will be available to traders on a 24-hour basis via the platform’s MT4 trading platform. Orbex’s new crypto offering will allow traders to gain exposure to the crypto markets via CFDs. They can trade on the fluctuating prices of the crypto market without having to store digital assets in their wallets.
This is a great strategy for those who do not wish to take on the risk of acquiring and securing digital assets. It is a great strategy for traders whose sole purpose for entering the crypto markets is to make a profit at the least possible risk while enjoying legal protection.
Part of Larger Expansion Plans
The new assets listed on the platform are part of Orbex’s expansion plans. It currently offers traders access to some of the most popular markets in the world, including forex, equities, indices, energies, futures, and metals.
The launch of the crypto trading features comes hot on the heels of the broker’s MENA Forex Roadshow which will see a series of local education seminars launched in Oman, Bahrain, Egypt, and Kuwait. A team of expert market analysts and investment strategies from Orbex will host this roadshow. The roadshow will give participants a chance to gain exclusive insight into the forex markets this year and beyond.
What the Leadership Team Had to Say
Commenting on the announcement, the Chairman of Orbex Abdullah Abbas said that they were pleased to announce the new offering, which was part of their promise to offer clients access to a range of markets at the best possible conditions. Abbas noted that traders on Orbex could now diversify their portfolio with some of the world’s leading crypto coins, which would be offered to them 24/5. He concluded by stating “At Orbex, we remain committed to keeping pace with market trends and gauging investor demand to continue to innovate with new assets, tools, and services for our clients.”
An In-Depth Look at Orbex
Orbex is a leading global investment service firm, which offers clients access to award-winning forex and CFD trading services. The platform strives to offering some of the most competitive trading conditions in the world. Since it was launched in 2010, company has committed itself to offer clients the best in class trading and investing solutions. These solutions are backed by leading expert research, quality educational material, and ongoing support to ensure clients can navigate with ease in the global financial markets.Â
