RoboForex Allows Deposit of Other Cryptocurrencies into its BTC Accounts - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


RoboForex Allows Deposit of Other Cryptocurrencies into its BTC Accounts

August 24, 2018

RoboForexRoboForex, the Belize-based online forex trading brokerage group has announced the launch of new services for the existing clients of the company. Under the new service, the company will allow its clients to deposit funds into their BTC accounts by the means of other currencies. The sum deposited in alternate cryptocurrency will be automatically converted at the real-time according to the prevailing exchange at the time of depositing. 

With this new service, RoboForex will be allowing deposit cryptocurrencies in BTC accounts with 40 different cryptocurrencies including the most popular one. This include, Ethereum, Bitcoin Cash, Dash, NEO, LiteCoin and others. 

RoboForex, earlier this year had introduced BTC as a base currency for trading accounts. It enabled an option to buy BTC using fiat money within the framework of “RoboForex Wallet”. The wallet allows traders with an opportunity to buy BTC and perform trading operations with this virtual asset class and buy the cryptocurrency back for fiat money. It also gives the opportunity to profit from the BTC rate differential. 

Denis Golomedov, Chief Marketing Officer at RoboForex, commented on this new service:

“Considerable part of our clients trade and keep funds on their accounts in cryptocurrencies. Many of them have assets in digital currencies other than BTC, which they now may use for depositing their BTC accounts. Our new solution will offer the company’s clients a convenient way to convert their assets into BTC and transfer funds between Wallets and accounts inside the system.”

RoboForex offers online trading services on a worldwide basis through its MT4, MT5, MT Mobile, cTrader Forex trading platforms. It offers trading services in over 40 currency pairs, stocks, indices, commodities, CFDs and cryptocurrencies. It has a brokerage licence from IFSC.

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