Award-winning CFD broker adds new cryptocoins and indices to platform while scaling back on crypto spreads as it upgrades product offering
DUBLIN, March 22, 2021 /PRNewswire/ -- AvaTrade has today announced a suite of upgrades to its trading offering, reducing spreads on several cryptocurrencies – including Ethereum, Ripple and Bitcoin Gold – and adding several new instruments to its platform. Users will now be able to trade cryptocurrencies Chainlink and Uniswap as well as several new equity indices baskets on topical securities. The updates come as the broker continues to expand and diversify the trading options at its users' disposal while remaining highly competitive in its offering.
Chainlink and Uniswap are both types of third-wave decentralised finance (DeFi) crypto, an establishment of autonomous enterprises that are not controlled by a central source. DeFi coins, such as Chainlink and Uniswap, extend the use of blockchain from simple value transfer to more complex financial use cases, with the autonomous infrastructure operating via smart contracts and blockchains and thus non-reliant on financial intermediaries.
Commenting on the updates, Dáire Ferguson, CEO at AvaTrade, said: "We are delighted to expand our client offering with the addition of some important new products. DeFi is really starting to take off in the crypto space and we are delighted to be able to offer our clients the chance to trade these new instruments. In addition, a scale-back in crypto spreads now means AvaTrade's offering is among the most competitive on the market, bringing our clients better value when trading."
Meanwhile, the equity indices baskets added to AvaTrade's platform present users with several exciting new options for trading on trending assets while minimising exposure to the risks associated with investing in a single stock. The indices offer access to specific baskets of stocks, tracking segments such as airlines and airports giants, COVID-19 vaccine giants and green energy giants (see full list below), enabling users to trade based on wider industry trends without having to take on the research or risk associated with picking out a single business or selection of businesses.
Ferguson adds: "As ever, AvaTrade remains committed to providing our clients with a wide range of tools suited to every trading appetite."
Notes to editors
Below is a full list of new equity basket indices available on the AvaTrade platform:
Airlines and Airports Giants Index
American Lithium and Battery Metals Giants Index
Covid-19 Vaccine Giants Index
Green Energy Giants Index
China Internet Giants Index
FAANG's 10 Equally Weighted Index
Gaming and E-Sports Giants EW Index
Remote Economy Giants Index
US Coronavirus Covid-19 Impacted Index
For further information, please contact: Finn Partners for AvaTrade Tel: +44 20 7655 1710 Email:[email protected]
About AvaTrade AvaTrade is one of the world's largest, most regulated CFD brokers. Regulated in seven jurisdictions and offering clients around-the-clock support and services in over 20 languages, the multi-award-winning organisation prides itself on its dedication to helping users to trade with confidence – regardless of their level or background. AvaTrade provides access to ultra-low spreads on over 1,250 trading instruments – including AvaOptions, MetaTrader 4/5 and its latest risk management tool, AvaProtect™ – through both its cutting-edge web trader and mobile app, AvaTradeGO. Providing its client base of more than 300,000 traders in 150 countries with a diverse range of trading options, catering to a broad variety of needs and appetites. Recently awarded No.1 Broker by The European, Best Affiliate Programme by International Investor and Best Forex Mobile Trading Platform App by Global Forex Awards, AvaTrade is an industry pioneer committed to creating a fair, enhanced user experience for retail clients.