Ayondo, a fintech group that provides social trading services and brokerage services, announced the launch of bitcoin trading in a move to expand its product portfolio.
The addition of digital currency to the company’s Social Trading offering allows its clients to follow and access bitcoin price movement, without the necessity to open an e-wallet for bitcoin purchases.
“The recent development of Bitcoin and the associated interest in Bitcoin is immense. In times of low volatility at the financial markets, the high variation in price offers an excellent trading opportunity. With the launch of Bitcoin we follow the demand of our clients and further strengthen our product range,” Raza Perez, Chief Product Officer Ayondo, said.
The move comes as bitcoin has witnessed rapid growth recently and the addition allows trading of the digital currency via spread betting/CFD trading. Ayondo Social Trading platform WeTrade has also made bitcoin trading available to signal providers.
Ayondo has subsidiaries authorized and regulated in the UK (FCA) and Germany (BaFin). It offers innovative trading and investment solutions for retail and institutional customers. The company has recently won Europe’s leading Financial Technology providers (“FinTech 50”) and honors like International Financial Award Best Social Trading Platform and Broker of the Year.