FXOpen, the favorable broker for trading Crypto-Currency Money.
We are glad to inform that FXOpen is now offering another Crypto-Currency, “Ethereum” to the list of available Crypto-Currencies.
The symbol will be described as “ETH”, two pairs will be available which are ETH/USD and ETH/BTC(BitCoin).
This Ethereum crypto-currency will be available from May 3, in 2016.
Now you can trade 7 different Crypto-Currencies with FXOpen, which are:
BitCoin, LiteCoin, NameCoin, PeerCoin, Dashcoin, Emercoin and Ethereum.
You can also set the “Ethereum” to be the base currency of your Crypto-account. As Crypto Account is available in Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash.
So What is “Ethereum”
“Ethereum” is a decentralized platform that runs smart contracts, which is crowdfunded during August 2014 by fans all around the world.
These apps run on a custom built blockchain, and this enables developers to create markets, move funds in accordance with instructions given and many other things without a middle man or counterparty risk.
Think of it as another virtual currency, protected by the stable platform.
FXOpen is one of a few brokers in the world where you can trade Crypto-Currencies, and also set these Crypto-Currencies as the base currency of your account.
The below is the main conditions of the FXOpen’s Crypto Account.
|Account base currency||USD, EUR, GBP, RUB, JPY,|
*Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), and Dash
|Minimum deposit||from $10 (or equivalent in other currency)|
|Maximum balance||Not limited|
|Trading Commission||0.25% half-turn|
|Execution||Market Execution (with No-Dealing-Desk)|
|Minimum transaction size||0.01 lot|
|Maximum transaction size||Not limited|
|Available Symbols||24 pairs with BTC, LTC, ETH, DSH, EMC, NMC and PPC|
You can find the full condition of the “Crypto Account” from here.