Major Foreign Exchange Broker Oanda Bought Out, New Owner Plans Cryptocurrency Trading
Although, it won’t be for regular retail investments. They plan on listing cryptocurrency contracts for difference (CFDs), a style of leveraged trading for futures, playing on the movement of prices without ownership of the particular digital asset.
Oanda has reportedly been conducting tests internally all year and implemented the quotation of Bitcoin prices way back in 2013.
CVC Capital Partners has some 37 years experience in private equity management, currently controlling around US$52 billion worth of assets across Europe and Asia.
Oanda’s launch of CFDs for cryptocurrencies could legitimise the digital assets in the eyes of some tentative traditional investors, as they would be available for trade alongside precious metals, commodities and bonds.
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