RoboForex, the Belize-based unit of the Retail FX brokerage group, has announced that it has launched a new service which will allow the company’s clients to deposit funds to their Bitcoin accounts (BTC accounts) by means of other cryptocurrencies. The sum deposited in alternative cryptocurrencies will be automatically converted into BTC according to the exchange rate at the moment of depositing.
Right now, this new service for depositing RoboForex BTC accounts supports more than 40 different cryptocurrencies, including the most popular ones, such as Bitcoin Cash, Ethereum, Dash, Litecoin, NEO, and others.
Denis Golomedov, RoboForex
Denis Golomedov, Chief Marketing Officer at RoboForex, commented on this new opportunity:
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.
Earlier this year RoboForex introduced an opportunity to use BTC as a base currency for trading accounts.
In May 2018, RoboForex enabled an option to buy BTC for fiat money within the framework of “RoboForex Wallet”. The Wallet provides clients with an opportunity to buy BTC, perform trading operations with this asset, and buy the cryptocurrency back for fiat money. Along with an opportunity to buy, RoboForex clients got a chance to profit from BTC rates difference.
RoboForex delivers brokerage services on a world-wide basis. The company provides traders, who work on financial markets, with access to its proprietary trading platforms. RoboForex Ltd has the brokerage license IFSC.