XTB has added nine cryptocurrencies to its existing crypto offering as demand for the new asset class continues to grow and the trading industry has been able to increasingly deliver an offering that is reliable and secure.
The Poland-based FX and CFD broker has added Binance Coin, Cardano, Chainlink, Dogecoin, EOS, Polkadot, Stellar, Tezos and Uniswap to the existing offering of Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
XTB boasts over 2,100 instruments currently available – forex, indices, commodities, stock and ETF CFDs. Cryptos are being offered in the form of CFD as well.
The broker has experienced not only great demand for crypto products but it has reported that its new onboarded clients tend to look for cryptos.
In the first half of 2021, 20% of XTB’s clients made at least one transaction with the use of CFDs based on these instruments.
For nearly 10% of new clients, the transaction with the use of crypto CFDs was the first one they made after opening an account.
Not only XTB is nearly tripling the number of available cryptocurrency-based instruments, but it is also lowering spread rates. Depending on the instrument, spreads can be as low as 0.22% of the market price.
Joshua Raymond, director of the XTB International, commented: The popularity of cryptocurrencies is visible at every step. Customers who mainly care about the utilization of volatility, and not having a physical cryptocurrency, have repeatedly asked us about new instruments.
“That’s why we have almost tripled the number of cryptocurrency CFDs we offer and introduced attractive spreads. It is worth remembering, however, that this market is much more susceptible to large fluctuations and the influence of investors’ sentiment towards risk, which our clients often try to use by opposing the market and taking a short position for a given cryptocurrency.”
XTB has recently launched a marketing campaign with world class Football Manager Jose Mourinho. This is the second year of its association with the Portuguese coach.
The campaign is reported to be focusing on its new zero commission real stock trading feature that has been around for some time now but is receiving attention only now not only at XTB but in many other platforms like Robinhood as well.
The XTB zero commission trading offer is for clients in the EU who can trade stocks on the platform which is commission-free for up to a value of 100,000 Euros per month.