The cryptocurrency craze looks like going bitcoin trading tips strength to strength in Europe after the world’s biggest trading platform was granted a regulatory licence to operate in the European Union. 22 January, according to Coindesk data. Bitcoin is traded worldwide per month, making the euro the third largest Bitcoin market after the Japanese Yen and the US dollar.
Mr Kano said: ‘This coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook. I am proud that we are now the most compliant virtual currency exchange in the world. Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash to its European platform later this year. But not everyone is jumping on the cyptocurrency bandwagon. British financial service Hargreaves Lansdown, for instance, have no plans to offer investors direct access to cyptocurrencies, although they do supply exchange-traded funds.
Danny Cox is a chartered financial planner at Hargreaves Lansdown. He said: ‘We think investors considering exposure to cryptocurrencies should be very mindful of the risks because they could end up losing a lot of money. The very rapid surge in the price of cryptocurrencies suggests that an equally rapid plunge is possible if sentiment towards the digital currency shifts. Indeed while price movement has been very positive across 2017, there have been some gut-wrenching downswings along the way.