One of the leading liquidity providers on the market, ThinkMarkets, is happy to announce the expansion of its crypto offering including BNB, LUNA, AVAX, ATOM, and ALGO.
ThinkMarkets, a registered trademark of global financial services provider ThinkMarkets Group, announced the addition of five new decentralized tokens (DeFi) to its lineup of cryptocurrency contracts for difference (CFDs) traded on its platform. The new tokens are BNB (Binance Coin), LUNA (Terra), AVAX (Avalanche), ATOM (Cosmos) and ALGO (Algorand).
The news of the inclusion of new crypto CFDs comes a month after the company announced its expansion into Japan's forex industry with the launch of its online trading service in the country.
ThinkMarkets says clients can now place long and short bets on cryptocurrencies using CFDs in a secure and regulated environment. Previously, ThinkMarkets had completed its crypto-asset collection with popular tokens such as BTC, ETH, LTC, BCH, XRP and Cardano.
In addition to cryptocurrency offerings, ThinkMarkets' scope of services also covers the forex, indices, energy, metals, stock and exchange-traded funds markets, and futures.
Meanwhile, in February, ThinkMarkets announced that it was increasing the margin requirements for several contracts for difference (CFD) instruments due to volatility in global equity markets causing a liquidity crisis.
"Due to the unprecedented volatility and low levels of liquidity in global equity markets, ThinkMarkets is increasing margin requirements on our ion of equity CFD products across our MT4, MT5 and ThinkTrader platforms," the broker said.