IG Offers Clients the Opportunity to Deal on Bitcoin
LONDON, April 16, 2013
LONDON, April 16, 2013 /PRNewswire/ --
The UK's leading CFD and spread betting provider* has started offering a
limited risk binary on the popular digital currency, Bitcoin.
IG, a world-leading CFD, spread betting and forex provider, has introduced a
new market enabling its clients to take a position on the value of the popular
digital currency, Bitcoin.
Binary bets and binary options are a straightforward way of taking advantage
of volatile markets- the price of one bitcoin has moved from $13.50 in January
to $266 in April and has since fallen back.
Binaries take the form of a 'yes/no' question, meaning a client simply chooses
whether to 'buy' or 'sell' if they agree or disagree with IG's predicted price
levels for Bitcoin.
IG chief executive, Tim Howkins, commented: "While Bitcoin is still a
relatively new phenomenon it has surprised many in the financial markets with
its popularity. We're delighted to offer our clients the opportunity to
benefit from its price fluctuations using a binary - while limiting their risk
To find out more visit:
* Largest single provider of CFD and spread betting accounts, Investment
Trends 2012 UK Leveraged Trading Report (November 2012)
NOTES TO EDITORS:
About IG Group
IG Group is a world-leading provider of financial spread betting, contracts
for difference (CFDs) and forex. Founded in 1974, IG Group is an established
member of the FTSE 250 with headquarters in London and offices across Europe
as well as in the US, Japan, Singapore and Australia. Visit:
Summary of brands in 2013
IG is now the trading name of both IG Index (spread betting) and IG Markets
(CFD trading). IG's other brands continue as:
*Nadex: a retail-orientated US exchange
*FXOnline: commission-free forex trading and CFD provider in Japan
Please contact IG's chief market strategist, David Jones, for more information
on +44-(0)-7932-748-475 or +44-(0)-207-573-0088.
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