According to one of the Juniper Research’s reports, Bitcoin cryptocurrency ecosystem will have nearly 5 million active users by 2019; chiefs of some of the world’s leading finance organizations, including Nasdaq and Westpac, believe Bitcoin technology will be a major disruptor for the traditional banking sector; the first quarter of 2015 reported a 51% increase in investments made into the Bitcoin sector.
Through a few examples quoted above, it becomes evident that Bitcoin, after all, is gaining traction into the mainstream business circles. From stock firms to a simple t-shirt seller, everybody is getting involved in this new disruptive payment technology. In this article, our focus, however, is one such industry that has made Bitcoin popular among international traders.
Binary Options and Bitcoin
The relationship between binary options and Bitcoin goes way back to 2013, when Plus500 and IG had consecutively announced that they were supporting leveraged Bitcoin trading on their respective online platforms. What followed later was a flock-walk, where most of the leading binary option brokers were — in one way or another — are integrating Bitcoin. These firms include AvaTrade, Nadex, Tradesmarter and many others.
Bitcoin As Payment Solution
Interestingly, it is not just the trading features that attract binary options brokers toward Bitcoin; but instead, they are also much fond of using the digital currency for depositing and withdrawing clients’ funds. Bitcoin truly emerges as a viable and cheaper payment solution to these brokers, for the other methods usually look heftier in terms of commissions, and also takes days and weeks to complete the money transactions. Bitcoin, on the other hand, takes only minutes while transferring funds from one place to another and is completely secure.
As a result, forex and binary option brokers are beginning to explore the advantages of Bitcoin as an payment alternative. Just recently, FXPrimus had announced that it is introducing Bitcoin deposits features on its platform. Prior to that, UpDown had also made a similar announcement.
Note: It is very important you choose a reliable forex and binary options broker which allows you to use Bitcoin in a safe and secure manner. You can choose to look at their profiles here.
India-based IT professional Yashu Gola found Bitcoin in 2012, when he was trying to send money to one of his friends in the US. As he quotes, it was “love-at-first-sight” with the mystical work of digital currencies. He left his online advertising job to work as a full-time Bitcoin writer for forex news website ForexMinute.com. Apart from covering the minute-to-minute Bitcoin events, Yashu is also an active Bitcoin trader and analyst.When not working, he is found reading and writing movie scripts, poems and songs. He is also a passionate movie buff View all posts by Gola Yashu
Through a few examples quoted above, it becomes […]