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Topic: Kraken.com 'Forex meets Bitcoin exchange' (Read 1583 times)

member
Activity: 82
Merit: 10
December 09, 2014, 05:23:29 AM
#18
As nobody mentioned it:
The answer is in the sentence that follows at kraken.com, "Now available on Bloomberg Terminal due to customer demand".

https://en.wikipedia.org/wiki/Bloomberg_Terminal

That is, forex traders are able to trade Bitcoin like any other currency and with the tool they are used to.

nope, in the terminal you just get the prices, you certainly cannot trade directly btc (XBT) from there.
member
Activity: 82
Merit: 10
December 09, 2014, 05:21:49 AM
#17
Which term makes more sense Bitcoin Forex or Bitcoin Trading and why?

as long as bitcoin is a currency, this is the same.
hero member
Activity: 773
Merit: 531
December 04, 2014, 12:13:51 PM
#16
As nobody mentioned it:
The answer is in the sentence that follows at kraken.com, "Now available on Bloomberg Terminal due to customer demand".

https://en.wikipedia.org/wiki/Bloomberg_Terminal

That is, forex traders are able to trade Bitcoin like any other currency and with the tool they are used to.
full member
Activity: 131
Merit: 100
December 04, 2014, 01:26:35 AM
#15
Which term makes more sense Bitcoin Forex or Bitcoin Trading and why?
sr. member
Activity: 719
Merit: 250
December 02, 2014, 08:46:05 AM
#14
They have recently opened new markets, now you can trade bitcoin against USD, EURO, and GBP. If you live in europe you can withdraw EURO and GBP using SEPA. Most exchanges only let you trade against USD and if you withdraw to a country that uses something else besides USD you have to pay exchange rate fees to convert yo your local currency.
full member
Activity: 126
Merit: 100
December 02, 2014, 05:42:50 AM
#13
btc-e \m/
member
Activity: 82
Merit: 10
December 02, 2014, 04:41:33 AM
#12
lol, most of my money via bitcoin is earned from exchanging, bitcoin was already e-currency forex at the begining

which exchanges do you use ?
full member
Activity: 126
Merit: 100
December 01, 2014, 11:13:24 AM
#11
lol, most of my money via bitcoin is earned from exchanging, bitcoin was already e-currency forex at the begining
member
Activity: 82
Merit: 10
December 01, 2014, 04:23:15 AM
#10
so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.

So by those terms would 'bitcoin forex' mean 'bitcoin exchange' Huh

yes exactly. forex means precisely (https://en.wikipedia.org/wiki/Foreign_exchange_market) currency exchange. so bitcoin exchange is forex insofar as bitcoin is a currency, and it has been recognized as such by several countries already.
full member
Activity: 131
Merit: 100
December 01, 2014, 03:47:14 AM
#9
so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.

So by those terms would 'bitcoin forex' mean 'bitcoin exchange' Huh
member
Activity: 82
Merit: 10
December 01, 2014, 02:29:54 AM
#8
so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.
full member
Activity: 131
Merit: 100
December 01, 2014, 02:17:40 AM
#7
so you guys are saying there will never be a true 'Bitcoin Forex'?
member
Activity: 82
Merit: 10
December 01, 2014, 01:58:10 AM
#6
That's just a big SEO optimization BS...
full member
Activity: 131
Merit: 100
November 30, 2014, 12:39:04 PM
#5
so if bitcoins are considered 'currency' by some would the term 'Bitcoin Forex' make sense?
legendary
Activity: 1512
Merit: 1011
November 30, 2014, 12:33:19 PM
#4
they want use the volatility of bitcoin to "make" money ... and they will loose again bitcoin, for sure.
because, in bitcoin, you MUST PAY to play ...  Grin

digital money (bitcoin) is not virtual currency (QE) like in the FOREX.
global moderator
Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
November 30, 2014, 12:32:58 PM
#3
Probably that you can trade (for profit, rather than just to exchange to a different currency) various currencies including Bitcoin.
legendary
Activity: 4270
Merit: 4534
November 30, 2014, 12:32:27 PM
#2
forex is the main international institutional exchange for foreign currency
kraken is presuming, by the sentence you wrote to be the bitcoin exchange equivalent
full member
Activity: 131
Merit: 100
November 30, 2014, 12:26:54 PM
#1
Can someone with a better understanding of finance explain  what the term 'Forex meets Bitcoin exchange' means.
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