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Forex Broker Orbex Diversifies into Crypto Trading with 11 Pairs

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Forex Broker Orbex Diversifies into Crypto Trading with 11 Pairs


Orbex, a provider of forex
and contract for difference (CFD) trading services, has diversified its
portfolio by introducing its cryptocurrency trading service.

Beyond trading forex,
equities, indices, metals, energies and futures, traders can now trade 11
of the world’s largest cryptocurrencies by market capitalization, the firm
said in a statement on Wednesday.

The coins are
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, Dogecoin, Polkadot,
EOS, Chainlink and Stellar.

Orbex, which celebrated its 10-year anniversary in 2020, noted that the
cryptocurrencies are all paired against the US dollar.

“Featuring some of the
most sought-after digital currencies, Orbex’s new crypto range affords traders
the opportunity to buy and sell crypto CFDs and trade their fluctuating prices
without having to buy or store digital currencies in a wallet,” the investment
firm said in the statement.

Keeping Up with the
Market

Speaking on the move,
Abdullah Abbas, Orbex’s Chairman, said the introduction of crypto pairs is
a delivery of the firm’s promise to provide its clients access to a wide
range of markets with the best possible trading conditions.

“At Orbex, we remain
committed to keeping pace with market trends and gauging investor demand in
order to continue to innovate with new assets, tools and services for our clients,”
Abbas added.

Orbex recently
kicked off
the MENA Forex Roadshow
to educate participants on trends in the forex market in 2022.

The show included local
education seminars in Bahrain, Oman, Kuwait and Egypt.

Orbex said it welcomed
over 100 beginner and advanced traders from the region.

Meanwhile, the total
number of cryptocurrencies on eToro, a social investment and trading network,
hit 62 tokens in April after the platform added 4 new
tokens
to its platform.

The new tokens were
Ethereum Name Service (ENS), Cronos (CRO), Kyber Network (KNC) and LUNA.

Orbex, a provider of forex
and contract for difference (CFD) trading services, has diversified its
portfolio by introducing its cryptocurrency trading service.

Beyond trading forex,
equities, indices, metals, energies and futures, traders can now trade 11
of the world’s largest cryptocurrencies by market capitalization, the firm
said in a statement on Wednesday.

The coins are
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, Dogecoin, Polkadot,
EOS, Chainlink and Stellar.

Orbex, which celebrated its 10-year anniversary in 2020, noted that the
cryptocurrencies are all paired against the US dollar.

“Featuring some of the
most sought-after digital currencies, Orbex’s new crypto range affords traders
the opportunity to buy and sell crypto CFDs and trade their fluctuating prices
without having to buy or store digital currencies in a wallet,” the investment
firm said in the statement.

Keeping Up with the
Market

Speaking on the move,
Abdullah Abbas, Orbex’s Chairman, said the introduction of crypto pairs is
a delivery of the firm’s promise to provide its clients access to a wide
range of markets with the best possible trading conditions.

“At Orbex, we remain
committed to keeping pace with market trends and gauging investor demand in
order to continue to innovate with new assets, tools and services for our clients,”
Abbas added.

Orbex recently
kicked off
the MENA Forex Roadshow
to educate participants on trends in the forex market in 2022.

The show included local
education seminars in Bahrain, Oman, Kuwait and Egypt.

Orbex said it welcomed
over 100 beginner and advanced traders from the region.

Meanwhile, the total
number of cryptocurrencies on eToro, a social investment and trading network,
hit 62 tokens in April after the platform added 4 new
tokens
to its platform.

The new tokens were
Ethereum Name Service (ENS), Cronos (CRO), Kyber Network (KNC) and LUNA.

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