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Bitcoin in XTB. New instruments available from 25 June
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Bitcoin in XTB. New instruments available from 25 June

created Paweł MosionekJune 16 2017

Dom Maklerski X-Trade Brokers extends its offer with 15 new instruments. Particularly interesting may be the introduction of the BTCUSD instrument, Bitcoin in relation to the US dollar. But this is not the only novelty in the cryptocurrency category.

Bitcoin more valuable than gold?

There is actually no week for leading financial portals to write about bitcoins. It owes popularity to several scandals in the form of bankruptcy (or disappearance) of stock exchanges that allow the exchange of virtual currency, but also powerful increases that show that we are dealing with something more than a bull market. The speculative bubble is much more often spoken about. Anyway, just look at the quotation chart from last year (picture below).

2017-06-16 screenshot of 20.40.13

Bitcoin quotes June 2016 - June 2017

The exchange rate increased during the year from just around 500 USD to 2480 USD (the maximum established 12 June this year on 2879 USD). This is an increase of almost 500% and a valuation reaching almost 10 000 PLN!

Forex brokers can not pass by such a phenomenon indifferently. XTB is the first Polish brokerage house offering trade on BTC. Certainly brokers will follow in their footsteps.

5 cryptocurrencies in XTB

ETHUSD, XRPUSD, LTCUSD and DSHUSD - these are symbols that even very experienced traders may have problems with decoding. All these instruments are also cryptocurrencies (although much less popular than BTC). Ethereum, Ripple, Litecoin, Dashcoin, next to Bitcoin, in relation to the dollar, will join the XTB offer from 25 June. They will only be available on Standard (Market execution) and Professional accounts, and only on the xStation platform.

From 9 September 2017, cryptocurrency trading is also possible on weekends.

Traders can count on leverage even 1: 10, which in the case of crypto-currencies is not a bad result. The siphon will depend on the instrument, the level of experience and the nominal value of the portfolio.

Instrument BTCUSD ETHUSD LTCUSD DSHUSD XRPUSD
Required security for
portfolio 0 - 1 EUR
10% 10% 20% 20% 30%

KRYPTOWALUTY

Cash indices and USDIDX

The offer will also include nine spot indices based on quotations of stock exchange indices and one currency index.

  • USDIDX (dollar index)
  • DE30.cash
  • EU50.cash
  • FRA40.cash
  • ITA40.cash
  • SPA35.cash
  • UK100.cash
  • US100.cash
  • US30.cash
  • US500.cash

In this case the difference is only one. New index instruments will appear on offer from 25 in June, will be available only on the xStation platform, but in addition to Standard (Market execution) and Professional accounts, they will also appear on the Basic account.

A new specification for added instruments is available under this link.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.