IG Index is First Binary Broker to Accept Bitcoin

BinaryOptionsNow | Published on April 24, 2013 at 2:50 pm

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BinaryOptionsNow – Renowned financial service provider IG Index announced the launch of a new Bitcoin binary options trading service. The new trading service will permit traders to bet on the movement of the Bitcoin trading market by May 31st. IG Index is now the first company to offer Bitcoin binary options trading.

After the huge media attention Bitcoin received in the recent past, many forex and binary brokers have expressed their interest in allow traders to either use Bitcoins as a form of currency for trading or trading directly on the movement of the Bitcoin trading market.

IG Index Becomes the First Provider of Bitcoin Trading

Not even a few weeks after the value of a Bitcoin reached record-breaking highs and resulted in a lot of media attention, a financial service provider already announced that it would begin offering binary trading services on Bitcoins. This comoany is IG Index.

Traders registered at IG Index will have the possibility to bet on the movement of the value of a Bitcoin in US dollars. All contracts will have an expiration date of May 31st, allowing traders to make very accurate predictions regarding the changes in the value of a Bitcoin.

Effect on the Binary Options Business

It was only a question of time until the first company would begin to offer binary bets on Bitcoins. IG’s decision to implement this type of trading will for sure determine a large number of other brokers to offer the same.

IG Index isn’t a traditional binary options broker and as such its new Bitcoin binary contracts come with a long expiration date that will not necessarily be of the liking of most traders. However, all this could change once regular binary brokers decide to implement Bitcoin trading.

Once regular brokers implement Bitcoin trading, trading on Bitcoins will work the same as trading on any normal asset offered in binary options. Traders will be allowed to choose as large investments as they like and expiration dates will become much shorter than the ones offered by IG Index.

It’s expected that the services offered by IG Index itself will be upgraded in the near future. In the present however, the company will most likely focus on evaluating the initial reception of Bitcoin binary options trading.

About IG Index

Spread Betting - Financial Spread Betting - IG index - binaryoptionsnow

IG Index is a financial service provider that offers multiple types of online trading possibilities such as spread betting, options trading, stock trading, forex trading and more. The company is a real one-stop-shop when it comes to online financial trading services.

IG Index is owned by the renowned UK-based IG Group. IG Group is one of the largest global financial service providers. The group has three main brands that are IG Index, IG Markets and NADEX. As explained above, IG Index is the company’s forex, stocks and options trading service brand.

IG Markets is the groups CFD trading brand. It offers quality CFD trading services on a large number of platforms that are also compatible with various mobile devices. IG Group is also the owner of renowned American binary options exchange NADEX. All of the brands operated by IG are regulated and licensed in the jurisdictions they operate.

To read our review of IG Markets CLICK HERE

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