AAATrade Launches Cryptocurrency Trading

AAATrade has just launched six cryptocurrency pairs, further broadening its choice of trading instruments. Bitcoin, Ethereum, Litecoin, Dash, Monero and Ripple are now tradable against the dollar and there are also three cross pairs, Ethereum/Bitcoin, Litecoin/Bitcoin and Monero/Bitcoin.

The increasing popularity of Bitcoin and another crypto trading among traders and investors have encouraged AAATrade to take this step in response to traders’ requests. The inception of cryptocurrencies in 2009 and their wider uptake in the past few years have led to their appreciation in price. 2017, in particular, has seen a sharp rise in the price of Bitcoin; it’s significant movements like this which have piqued the interest of traders.

AAATrade’s general manager Dr. Jennifer Iacovidou said “This is a great step for AAATrade and our clients because trading crypto with a regulated firm means greater peace of mind than with unregulated exchanges. AAATrade’s pricing model is open, with details of the costs to traders presented on our website, giving traders the transparency that they might not find elsewhere.”