RoboMarkets to Stop Offering “High Risk” Crypto CFDs from wisepowder's blog
RoboMarkets, a Cypriot broker offering trading services across
Europe, announced on Wednesday the termination of its services with
cryptocurrency contract for differences (CFDs) to protect its clients
from high-risk investment instruments.To get more news about WikiFX, you can visit wikifx official website.
The brokerage has been offering digital currency trading for years and
currently lists ten crypto CFDs instruments: BTCUSD, BTCEUR, XRPUSD,
DSHUSD, LTCUSD, LTCBTC, ETHUSD, ETHBTC, ETHEUR and EOSUSD.
Commenting on the move, RoboMarkets CMO Denis Golomedov said: “We have
claimed repeatedly that our priority is protection of clients‘
interests. That is why we have decided to close crypto for our clients.
This will help us make the clients’ assets safe from high risks entailed
by operations with crypto instruments.”
“We see that large regulators, such as the FCA, have already made
steps to limit access of retail investors to cryptocurrencies and expect
other European regulators to do the same in the near future,” Golomedov
added.
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