XCFD, the next generation online retail and CFD broker, has completed the next phase of its global expansion by accepting Bitcoin deposits and launching a dedicated mobile trading application.
The partnership with BIPS, the global Danish Bitcoin Payment solution provider, will enable retail traders to utilise their Bitcoin assets in multiple markets such as equities, commodities and FX, and trade with a 5:1 leverage and short positions - a feature which is unique to xCFD - with 0% commission on transactions.
The New Zealand-based broker has offered trading in Bitcoin CFDs since September 2013, alongside its 650+ trading instruments across equities, currencies, indices and commodities.
Ivan Kuznetcov, Marketing Director of xCFD said, "The Bitcoin market has been developing rapidly over the past few years, and we believe that expanding our offering will create new opportunities for the virtual currency as a trusted payment method as well as an investment tool."
xCFD recognises the potential of Bitcoin and is a Silver Member of the Bitcoin Foundation, a global community aiming to standardise, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide.
Kuznetcov continued: "We are committed to the advancement of Bitcoin. By becoming a Silver Member of the Bitcoin Foundation, we can work together as a community to develop secure technology and ensure the future of Bitcoin as a highly valuable virtual currency."
xCFD also announced the launch of its new mobile trading platform for Android devices. The xCFD Trading app, which is available to download from the Google Play store, allows traders to manage a portfolio of indices, commodities, equities, forex, bonds, options and Bitcoins on-the-go from a single account.
The app offers access to live market quotes and execution, real-time monitoring and full trading, position and order management. It also allows traders to fund their trading accounts with more than 20 deposit methods, and forms a key part of xCFDs growth.
Kuznetcov added: "Accessibility is one of the key reasons the global retail FX market has grown to become a global industry - it is accessible to anyone, 24 hours a day, five days week, which makes it an attractive opportunity for a large number of participants.
"The launch of the mobile app is a significant milestone for our company. Recent research from Gartner shows that approximately one billion Android-powered devices are expected to be shipped in 2014 - a year-on-year increase of 291 million. By launching a dedicated app for Android devices, we hope to continue our expansion into key global and emerging markets with the promise of ease of use, low spreads and zero commission."