Digital currency trading has exploded on eToro, an online trading and investing community. The platform, which currently supports bitcoin and ether trading, has reported significant increase in both the number of users trading digital currencies and the volume of digital currencies traded on the platform.
Over the last 12 months, eToro has seen a 4x growth in traders accessing the digital currency market. Volume of bitcoin and ether traded has skyrocketed 4,500 percent.
Mati Greenspan, senior market analyst at eToro, told Bitcoin Magazine that as digital currencies are becoming increasingly mainstream, the company expects a significant pickup in trading and would consider introducing new digital currencies on eToro, “though nothing is currently set in stone.”
“We are constantly reviewing our offer for traders and responding to demand on the platform,” he said.
For Greenspan, the rapid growth in the adoption and price of digital currencies “only marks the first steps on the long journey to establishing cryptocurrencies as a dominant force in forex trading.”
Bitcoin Price Hits All-Time Highs
Bitcoin price has risen over 18 percent this week. The digital currency is currently trading at an all-time high of $1,800 USD/BTC.
“The Bitcoin landmarks are coming thick and fast now.
Read more ... source: Bitcoin Magazine
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