Forex and CFD broker AvaTrade has announced the addition of three new digital currency pairs – NEOUSD, EOSUSD and MIOTAUSD – bringing the total of crypto assets to 18.
The new pairs have been available since July 1, 2019 and provide an opportunity for its clients to diversify their portfolios and increase their exposure to the 24/7 crypto market.
The announcement comes on the heels of Facebook's proposed foray into the cryptocurrency landscape, as more and more corporations begin to adapt themselves to the cryptocurrency landscape and adopt its blockchain technologies.
In addition, and in order to unify the broker's cryptocurrency instrument labels, AvaTrade is relabelling its existing Ethereum, Ripple and Litecoin instruments and replacing the existing instruments with new USD labelled ones: ETHUSD, XRPUSD and LTCUSD, respectively.
AvaTrade CEO, Dáire Ferguson, said: "The crypto environment is becoming one of the most exciting developments in financial history. Hardly a day goes by without some additional innovation being announced. Each of these has the potential to change the world in very fundamental ways and any company that claims a position of leadership has absolutely no choice but to stay ahead of the curve."
