Trade Ethereum on Forex. How Ethereum Became So Popular? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
The Cryptocurrency Market
By the end of 2016, more than 700 digital currencies were introduced and co-existed, some doing better than others. Bearing that in mind, it came as no surprise that during 2017 the total trading volume of the digital currency market has reached $100,000,000,000. This phenomenal sum is even more astonishing when considering the simple fact that this market started only 8 years before. A big advantage of digital currencies is that they are not tied to a specific country or bank, therefore allowing them to be liquid not only during traditional trading hours, but also throughout weekend and holidays, allowing people to trade on them 24/7. With all these special characteristics of this unique market, it is important to understand the reason for the shifts that occur on a regular basis in the market. Looking at the forex market, EURUSD in specific for example, it is so large that a position of $100,000,000 for example, is relatively small in this humongous market and therefore its affect would not be on a large scale. The digital currency market, on the other hand, being significantly smaller, would be greatly affected by a deal of that scale. Therefore, among other factors, this market is not only highly volatile but also experiencing drastic trends.
Trading Cryptocurrencies with AvaTrade
AvaTrade is a regulated forex broker, dedicated to providing its clients with tailor-made trading solutions, regardless of prior knowledge or experience. With AvaTrade you can begin trading immediately on any of they powerful platforms. AvaTrade is not only a leading global broker, but also a pioneer in the digital currencies trading market. Being among the first brokers to introduce Bitcoin, and the first to add Ethereum, Dash, Ripple, Bitcoin Cash, and Litecoin to its trading portfolio. The company is authorised and regulated by the Central Bank of Ireland (No.C53877) to offer Contracts For Difference (CFD). The company is a rapidly growing CFD provider and currently offers its portfolio of over 1000 instruments.
Why trade Ethereum with AvaTrade?
They offer Bitcoin CFD trades of up to 1:20 leverage.
You can start trading Bitcoin from as little as £100/$100/€100.
Volatility makes for an excellent addition to any financial trading portfolio.
AvaTrade offers zero commissions on Bitcoin trading and no bank fees charged on transactions, making it far more profitable.
Enjoy live language specific customer support around the clock.
AvaTrade is 100% regulated to ensure a seamless trading experience.
The Bitcoin market is available to traders 24/7, for maximum convenience.
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How to Trade Ethereum (Ethere) CFDs in 4 Easy Steps
2. Fund your account.
3. Choose between Ethereum contracts.
4. Start trading.
High Rated CFD Provider
AvaTrade is one of the highest rated CFD trading apps on Apple’s AppStore and Google Play as it is simple to use yet powerful in its many advanced features. It also includes CFDs on popular financial instruments. They offer the complete package: Leverage of up to 1:200. Tight spreads. No commissions. Fast and reliable order execution. AvaTrade Mobile App Download Now.
Ethereum is more than just a currency – it’s like one giant computer housing many computers around the globe. Ethereum can respond to sophisticated requests. Its ability to store revolutionary computer programs gives Ethereum an edge on Bitcoin and has attracted attention from banks around the world. This, among other factors, has led to a jump of almost 1000% this year!
AvaTrade Licensing Information
AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.445984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574). Read AvaTrade risk disclosure before trading Forex, CFD’s, Spread-betting or FX Options. Forex/CFD, Spread-betting & FX Options trading involves substantial risk of loss and is not suitable for all investors.