SimpleFX Rolls Out Nine New Crypto Trading Coins

SimpleFX has added nine new cryptocurrencies to its online platform. The emerging crypto coins are acquirable for leveraged trading and add to an already established suite of financial products. With 2021 seeing the price of Bitcoin reaching new completely metre highs and the overall crypto food market reaching $1 trillion, the word of more cryptos volition delight SimpleFX traders.

The newborn currencies added away the St Vincent and the Grenadines based factor are:

Binance Coin
Cardano
EOS
Modern
Polkadot
Tezos
Waves
Yearn.finance
Zcash

This is in summation to the six already available, which include Bitcoin, Litecoin and Ethereum.

Performance of cryptocurrencies has soared in the last six months. In early January 2021, Bitcoin jumped to more than $40,000 (closely £30k) spell Ethereum's valuation rose more than 75% between 1st and 9th January. The volatility of the crypto grocery has meant that savvy retail traders have made lucre beyond those usually seen on orthodox instruments much A forex and stocks. SimpleFX's broadened oblation shows a of import move to play customer demand for more alien altcoins.

The radical altcoins have not been immune to the recent price jumps. Cardano more than double its valuation in the first few years of 2021 and Binance Coin, regarded As one of the most promising cryptos for longsighted term investors, continued on the steady growth trajectory seen since its last tiptop in 2019.

WHO Are SimpleFX?

SimpleFX offers leverage finished to 1:500 which can be wont to maximize profits. Accounts are commission-free and traders have a choice of platforms, including MetaTrader 4. Demonstration accounts are also available. Deposit methods let in multiple cryptos, thusly investors will need to open an e-wallet with another firm and leverage through an exchange so much as Coinbase. Overall, SimpleFX is an superior choice for online crypto traders.