RoboForex, a retail foreign exchange broker regulated by the Belize International Financial Services Commission (IFSC), has added EOS to its cryptocurrency offering, now up to a total of 7 digital currency instruments available for trading on both MetaTrader 4 and MetaTrader 5 platforms.
As RoboForex progressively expands its cryptocurrency portfolio, the EOS/USD pair joins the most liquid trading pairs within the digital currency space: BTC/USD, ETH/USD, BCH/USD, DSH/USD, LTC/USD, and XRP/USD.
block.one, the distributed ledger technology company behind EOS, first started distributing the EOS token on 26 June 2017. The process led to the distribution of 1 billion tokens during 341 days. The token was designed to scale mainstream development for large enterprises currently unsupported by existing blockchain platforms.
Its underlying technology introduces asynchronous communication and parallel processing to support millions of transactions per second, higher than that of Facebook and Google at 52 and 40 thousand per second, respectively.
Trading conditions of EOS/USD at Roboforex include a minimum lot size of 100, with minimum increment of 0.01, and leverage of up to 5:1.
Denis Golomedov, Marketing Director at RoboForex, commented:
“This is another step towards developing our crypto portfolio. Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.”
The addition of EOS comes months after the first addition of Bitcoin Cash, Dash, Litecoin, and Ripple, available for trading on MT4 and MT5. The leverage applicable for the instruments is fixed at 1:10.
At the time of the announcement, Denis Golomedov, explained:
“We always keep up with the time and provide quality access to a wide range of trading instruments. The current situation is that a large part of our clients are trading cryptocurrencies and we see high potential in them. This market is very attractive due to its volatility. It is growing and scaling very quickly, and more and more people are taking interest in it. To satisfy this demand, corresponding infrastructure and services are required, and RoboForex is systematically, step by step, implementing them for its clients.”