LONDON, April 16, 2013 /PRNewswire/ --
The UK's leading CFD and spread betting provider* has started offering a limited risk binary on the popular digital currency, Bitcoin.
IG, a world-leading CFD, spread betting and forex provider, has introduced a new market enabling its clients to take a position on the value of the popular digital currency, Bitcoin.
Binary bets and binary options are a straightforward way of taking advantage of volatile markets- the price of one bitcoin has moved from $13.50 in January to $266 in April and has since fallen back.
Binaries take the form of a 'yes/no' question, meaning a client simply chooses whether to 'buy' or 'sell' if they agree or disagree with IG's predicted price levels for Bitcoin.
IG chief executive, Tim Howkins, commented: "While Bitcoin is still a relatively new phenomenon it has surprised many in the financial markets with its popularity. We're delighted to offer our clients the opportunity to benefit from its price fluctuations using a binary - while limiting their risk exposure".
To find out more visit: http://www.igindex.co.uk/spread-betting/bitcoin-binary-bets.html
* Largest single provider of CFD and spread betting accounts, Investment Trends 2012 UK Leveraged Trading Report (November 2012)
NOTES TO EDITORS:
About IG Group
IG Group is a world-leading provider of financial spread betting, contracts for difference (CFDs) and forex. Founded in 1974, IG Group is an established member of the FTSE 250 with headquarters in London and offices across Europe as well as in the US, Japan, Singapore and Australia. Visit: http://www.iggroup.com
Summary of brands in 2013
IG is now the trading name of both IG Index (spread betting) and IG Markets (CFD trading). IG's other brands continue as:
- Nadex: a retail-orientated US exchange
- FXOnline: commission-free forex trading and CFD provider in Japan
Please contact IG's chief market strategist, David Jones, for more information on +44-(0)-7932-748-475 or +44-(0)-207-573-0088.