Trading platforms and exchanges are taking a wider view away from the two leading cryptos as the popularity of cryptocurrencies increase. Bitcoin and Ethereum are increasing their listings. In spite of current market struggles, cryptocurrencies are attracting more attention among traditional trading firms and Abu Dhabi’s ADS Securities has also come on board.
As indicated by reports, the Middle East universal securities exchanging firm ADS Securities has declared that investors making use of its OREX platform would now be able to exchange Litecoin, Ripple and Bitcoin Cash in addition to the two that had earlier being listed. In mid-March, the firm soft-launched the new cryptocurrencies as a way to track reaction from its clients, and positive input gave rise to permanent listings for the three altcoins.
Also, the firm has lessened the spreads on Bitcoin and Ethereum exchanging to decrease costs for its clients. Utilizing CFD (contract for contrast) exchanging enables investors to predict the trend of prices of cryptocurrencies. Investors no longer have to create crypto wallets or engage in exchanges which makes things easier.
According to Jason Hughes, Head of Retail Sales at ADS Securities, “We are delighted to be expanding the offering on our OREX platform to include these key cryptocurrencies. OREX enables users to access the crypto markets with ease, and the flexibility of CFDs allow our clients to take long or short positions, helping their management of exposures and positioning during the current volatility in these markets. Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform.”
Established in 2011, ADS Securities is a member of the ADS Holding group, and within a short period of time, it has managed to set itself as a major forex, bullion, and internet exchanging firm in the locale.