Abu Dhabi based international financial services firm ADS Securities has announced that traders using its proprietary OREX platform are now able to trade five cryptocurrencies, adding to Bitcoin and Ethereum which have been available since last year.
ADS Securities soft launched the new products to existing customers in mid-March with a good response, and given that the broader interest in cryptocurrency trading remains will now be marketing these more widely.
The crypto-coins available are:
- Bitcoin
- Ethereum
- Ripple
- Litecoin
- Bitcoin Cash
To coincide with the broader launch of this enhanced cryptocurrency offering, ADS Securities said it has reduced the spreads on Ethereum and Bitcoin, to reduce the cost of trading for its clients.
ADS Securities provides extensive education and training for investors and sees the trading of cryptocurrencies through CFDs as the best way to access these assets at a time of high market volatility. Using CFDs also means that clients do not need to set-up crypto wallets with the associated risks.
Jason Hughes, ADS Securities
Jason Hughes, Head of Retail Sales at ADS Securities, explained:
We are delighted to be expanding the offering on our OREX platform to include these key cryptocurrencies. OREX enables users to access the crypto markets with ease, and the flexibility of CFDs allow our clients to take long or short positions, helping their management of exposures and positioning during the current volatility in these markets.
Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform.
ADS Securities is an Abu Dhabi based international financial services company, dedicated to providing the highest quality investment opportunities for institutional, private and retail clients. It offers unique online trading, global market, investment banking and wealth management services. Established in 2011 ADS Securities is part of the ADS Holding group and in a short period of time has established itself as a leading forex, bullion and online trading firm. It is regulated and licensed by the UAE Central Bank, and was established with initial capital of US$400 million. ADS Securities is headquartered in Abu Dhabi, the capital of the UAE. A regional HQ office, ADS Securities Hong Kong Limited, regulated by the SFC (AXC847), was launched in December 2013. ADS Securities Singapore Pte was established in Singapore in 2011, and provides customer support across the region. In the UK ADS Securities London Limited is authorised and regulated by the FCA (577453), and is a wholly owned subsidiary of ADS Securities’ parent company.