By its very nature, financial market trading is a fluid and constantly changing entity, and one that has always evolved in relation to social, technological and economic trends.
With this in mind, it's little wonder that technology has redefined the boundaries of the financial market in recent times, with cryptocurrency markets in particular representing the next frontier of trading.
As a result of this, online brokerage firm easyMarkets have launched both Ethereum and Ripple through their platform, enabling their clients to build an even more diverse and lucrative profile that is reflective of the contemporary financial marketplace.
How Ripple and Ethereum are Changing the Financial Market
Renowned as a leading provider of forex and CFD trading, easyMarkets have always had their finger on the pulse of the financial market and its constant diversification. It was therefore quick to embrace the new and exciting world of cryptocurrency, which has seen unprecedented movement and price shifts within a relatively short space of time.
When the company launched Bitcoin to its customers last year, the poster boy for cryptocurrency saw considerable demand and highlighted the immense appeal of the marketplace. This inspired to adoption of Ethereum and Ripple, which are arguably two of the most innovative digital currencies around and have the potential to supersede Bitcoin's market capitalisation in the next 12 months.
These two entities are slightly different, with Ethereum the most similar to Bitcoin as a blockchain based cryptocurrency. Its value soared by a staggering 8,885% at the beginning of 2017, achieving a market cap of $69.3 billion come the end of the year. Quicker and more efficient than Bitcoin, it also has the potential to revolutionise online gambling in the years ahead.
Conversely, Ripple benefits from the fact that it is actually a cryptocurrency payment protocol, which provides a solution for businesses from across the globe. This provides a wider range of applications and arguably makes the asset class more secure, while its saw a 33,014% increase last year and an impressive market cap of $83.6 billion.
Why There has Never Been a Better Time to Trade Cryptocurrencies
With Bitcoin, Ripple and Ethereum now fully accessible through the easyMarkets platform, there has never been a better time to immerse yourself in the cryptocurrency marketplace.
Not only will you benefit from low spreads on all Bitcoin transactions, for example, but cryptocurrency traders can also take advantage of favourable conditions including fixed spreads, guaranteed free stops and negative balance protection.
This, when aligned with minimal slippage and outstanding customer support, makes easyMarkets an exceptional outlet for aspiring cryptocurrency traders. To find out more, get online and visit the website today.