A new breed of binary options that facilitates bets on virtual currencies has been launched. This marks a new effort by an online trading community to ease bitcoin trading for a wider audience.

Tradologic, a leading binary options platform provider, yesterday (17/3) launched a new breed of binary options that facilitates bets on virtual currencies. The virtual currencies mentioned are Bitcoin and Litecoin. This marks a new effort by online trading community to ease bitcoin trading for wider audience.
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This news mean that Tradologic brokers such as OptionBit, BFX Option, Option XP, and others, will be able to utilize the new feature and offer their clients Binary Option on Bitcoin/USD and Litecoin/USD. There are no announcement from those brokers yet, but if they are going to make use of it, then they provide an alternative for people who want to trade virtual currencies without actually holding it. In the aftermath of bitcoin hackings, many have become more hesitant in dealing with the cryptocurrency, although its value have increased again. Tradologic certainly made it possible for them to take advantage of bitcoin euphoria with minimum risk entailed.

This step also ensures that Tradologic hold the front seat for binary options platform. As was reported before, binary options trading have been on the rise, and many conventional retail forex brokers are offering binary options trading feature for their clients. Some of them are Alpari, AvaTrade, and Dukascopy. Tight competition among online forex brokers nowadays mean that we could expect more and more brokers to join their ranks, including young brokerages.

One of the newcomer is Valutrade. This broker may sounds unfamiliar for you, because they are formerly known as Monex Capital. The UK-licensed broker was rebranded as Valutrades on February 28 to avoid confusion. They have just announced their plan to launch Valu Binaries, a web-based platform for binary options trading. There are a wide range of instruments that could be traded with it, including currencies, indices, equities, and commodities (no virtual currencies on the list, though). Valutrade also promised that as soon as the platform goes live, traders will be able to trade binary options from mobile devices.