Forex Broker Offers Deposits in Bitcoin, Litecoin and Namecoin
Amid the emergence of Bitcoin trading, FXOpen, a reliable broker and a B2B liquidity provider, has launched new Crypto accounts and enabled deposits in digital currencies – Bitcoin, Litecoin, and Namecoin. This step proves FXOpen’s determination to meet its clients’ requirements and reaffirms its position as a technological innovator in the Forex industry.
“We’ve already introduced 11 trading tools with crypto currencies. At the moment the multi-currency denominations include USD, EUR, GBP, RUB, and JPY,” commented Denis Peganov, FXOpen NZ Limited Director.
Among other advantages of trading in Crypto accounts are the minimum transaction size of 0.01 lot and a minimum deposit of USD 10. All three options – Bitcoin, Litecoin and Namecoin – are peer-to-peer (P2P) payment systems and are commonly referred to as crypto currencies due to the use of cryptography to ensure safe transaction processing.
“Any crypto currency is decentralized and all the payments are made via P2P networks,” continues Peganov. “By offering transactions with Bitcoin, Litecoin and Namecoin, FXOpen may request additional documents in line with the company’s AML procedure. This option will only be available to clients who have had their FXOpen accounts verified and approved.”
Meanwhile, the company has already launched payments in ‘virtual currencies.’ In order to deposit funds, clients do not need to pay any commission. The withdrawals of cryptos however, require a small fee: 0.001 for BTC, 0.01 for LTC, and 0.1 for NMC, and there are certain limitations on the transaction amount.
“We hope these new payment options will enable our clients to explore Bitcoin and other digital currencies better as well as to join the fast-growing Bitcoin exchange ecosystem,” concluded Peganov.
FXOpen is a reputable Forex brokerage company operating since 2003. The company has expanded its footprint in the global markets as a retail broker and an innovator of Forex-related services and technologies. Having accumulated vast experience in the industry, FXOpen has entered the foreign exchange market as a B2B liquidity provider. The company is regulated and provides transparent partnership terms.
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