RTC Finance Now Offers Cryptocurrency Trading
Belize City, Belize, July 28, 2017 (Newswire.com) - RTC Finance now offers customers the opportunity to trade in cryptocurrencies and the VIX index. These are popular tools in online commerce and market valuation, and increase the choices and opportunities in RTC's asset list.
RTC Finance, the rising star in the online forex markets, is expanding its offerings in the financial trading industry, adding Bitcoin and the VIX index to its assets list. The first is a cryptocurrency, a popular online trading and payment method that offers increased security and investment choices, while the VIX is an index of volatility with ties to the well-known S&P 500 index.
Cryptocurrencies are online trading tokens, used to for commercial purposes in lieu of traditional government-issued currencies. They are created online, generally through open-source software, and transactions are tracked in virtual ledgers called blockchains. Bitcoin, perhaps the most recognizable name in cryptocurrencies, was the first one created and has been in use since 2008. As of July 25, one Bitcoin trades for more than $2,500 US, but traders can also purchase or conduct business in fractional units: 0.001, the millibitcoin, and 0.000001, the microbitcoin.
RTC Finance now offers traders the opportunity to take advantage of Bitcoin through CFD instruments. The CFD, or Contract for Difference, is an options tool which gives the online trader access to the profits of an asset (in this case, Bitcoin) at a predetermined price. Given the high price of Bitcoin, the leverage available through CFD trading is a boon to RTC's customers — they can take advantage of the quick movements and substantial gains possible in the Bitcoin market while pocketing any profits in their usual account currency.
The success of Bitcoin, and its rapid rise in value since its introduction has given RTC the impetus to make trading available in this potentially profitable asset. RTC Finance is working to expand its cryptocurrency offerings, and will soon make available CFD instruments in Litecoin and Ether. Litecoin is another open-source software cryptocurrency; Ether is the cryptocurrency unit of the Ethereum online trading tool. Both assets entered the markets in the years following Bitcoin's introduction and success.
The VIX is a different sort of beast. VIX is short for 'volatility index,' and it is a measure of market volatility to either the upside or downside. Traders can purchase futures contracts in the VIX, essentially trading on predictions whether the market will move up or down. The VIX is calculated by the Chicago Board Options Exchange and is tied to moves in the popular S&P 500 stock index. The VIX is sometimes called the 'fear index,' as volatility can imply uncertainty in the underlying market, but it's important to note that volatility is inherently neutral — it can move both up and down.
RTC Finance is proud to offer trading customers the opportunity to reap the benefits of the Bitcoin cryptocurrency asset and the VIX futures. These new additions to RTC's asset list are sure to benefit trading clients as they navigate the online financial markets, and will provide an interesting, and potentially profitable, alternative to traditional forex trading. Get more details at www.rtcfinance.com.
Source: RTC Finance