Broker MTrading will close crypto CFDs due to low interest in them Belize-regulated broker MTrading is closing contracts for difference (CFDs) pegged to cryptocurrencies due to weak demand, writes Finance Magnates.

Broker MTrading will close crypto CFDs due to low interest in them

Belize-regulated broker MTrading closes contracts for difference (CFDs) pegged to cryptocurrencies due to weak demand, writes Finance Magnates.

After assessing the current situation, MTrading decided to completely stop servicing such contracts. From today, the only option available to traders with open contracts is to close them. On February 28, all active contracts will be closed at a price close to the market price, and all pending applications will be canceled.

“While we believe our conditions were perfect for trading cryptocurrencies, the demand for these instruments was not as strong as expected. We continue to believe that there is room for the future for cryptocurrencies and blockchain, but right now the best opportunities are with more traditional tools, ”the company said..

MTrading and other brokers added support for cryptocurrencies amid the soaring bitcoin rate at the end of 2017, but over time, some of them decided to abandon this option.

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