As cryptocurrencies continue to gain in popularity, large brokerage houses are adjusting their offerings to stay in line with the latest market requirements. The reputable CFD platform easyMarkets made an important announcement regarding the use of Bitcoin for deposits, trade, and withdrawals.
The µBTC account is one of the latest features enabled by the brand regulated in multiple jurisdictions, including licenses from CySEC and ASIC. Long-running provider easyMarkets is one of the leaders in the online trading and by enabling access to crypto-related services, there is a new reason why crypto enthusiasts should be working with it.
easyMarkets µBTC account comes with multiple features
Bitcoin recently suffered falls in its price but managed to rebound after a very wild week, as CNBC reported, creating some short-term enthusiasm among both retail and institutional market participants. The new easyMarkets µBTC account comes as additional good news since customers will have access to services not seen before.
The ability to trade on 200+ instruments, without having to convert BTC to fiat, should be a feature that retail traders owning crypto would be pleased to use. With such an account, a Bitcoin wallet will be assigned to each client, enabling users to trade a wide range of assets whilst taking advantage of standard benefits easyMarkets provides to all clients. This includes the proprietary tool dealCancellation that allows clients to undo losing trades within one, three or six hours, for a small fee and subject to terms.
Using a µBTC account will also ensure traders can access fixed spreads for shares, cryptocurrencies, commodities, and currency pairs. easyMarkets grants no slippage on its proprietary platform and app, ideal when dealing with volatile instruments such as crypto.
Company executives excited about the announcement
A senior easyMarkets figure that comented on the topic was marketing head Ohad Golan, talking about the high potential of digital assets, as well as the long list of benefits associated with the µBTC account:
“With their funds in Bitcoin though they aren’t able to trade outside of an exchange until now. That is why this new type of account gives our clients even more freedom and choice when trading with easyMarkets. We are sure this will also be beneficial to our partners and affiliates by opening up new promotional and branding opportunities.”
Numerous companies had already bought Bitcoin in 2021 and more are projected to follow on the same path. The financial industry is slowly transitioning towards digitalization and since BTC is the most popular crypto in the market, it benefits from the network effect and a solid reputation.
Can Bitcoin continue to grow in popularity?
Despite numerous critics, Bitcoin had managed to stage another massive bull run, reaching levels not seen before. However, consistent growth over the next several years will imply additional steps taken by the private and public sectors. easyMarkets has become one of the first brokerages that enable deposits, trade, and withdrawals in Bitcoin, showing that it’s a platform that caters to a new crypto-native audience. As with any regular trading account, traders benefit from negative balance protection and risk management tools to hold a tight grip on their finances.