Not sure what this will do, but I guess it will add a bit to the volatility
source:
[Suspicious link removed]j.com/article/PR-CO-20130416-909009.html?mod=googlenews_wsj
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 exposure".
To find out more visit: http://www.igindex.co.uk/spread-betting/bitcoin-binary-bets.html
Topic: IG Offers Clients the Opportunity to Deal on Bitcoin (Read 581 times)
Jump to: