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Admiral Markets to support Monero, DASH, and ZCash CFDs

08 February 2018 21:00, UTC

The United Kingdom-based brokerage called Admiral Markets is expanding the list of contracts for difference. Cryptocurrency-related CFDs are nothing new for this firm, as it already lists Bitcoin and Bitcoin Cash contracts (added last year). Now they are supporting DASH, Monero, and ZCash. The decision indicates the overall interest of this company in the cryptocurrency market. Possibly, the cryptocurrency-connected CFDs are currently underrated by the market, as there are not much organizations providing this trade option.

This new addition might influence the price of three altcoins just as it happened with the price of Bitcoin when Terrence Duffy from the Chicago Mercantile Exchange first voiced intentions to introduce Bitcoin futures. The price growth speed has become more rapid after the initial announcement.

Meanwhile in Russia, the relatively big company called FINAM has provided access to Bitcoin futures contracts of both CBOE and CME. As there were no complaints from the local strict regulators, the company team members might have consulted with them in advance.