Russia’s biggest forex trader Alpari has launched Bitcoin trading and will provide courses educating users how to handle cryptocurrency.
As Finance Magnates reports Tuesday, Alpari, which has been eyeing crypto markets since at least last year, has added so-called contracts for difference (CFDs) for BTC/EUR and BTC/USD.
“The cryptocurrency market is still in its genesis stage,” a technical analysis piece released by the site following the launch reads.
The move is a firm statement of belief not just in Bitcoin’s outlook globally but in Russia itself, the country signaling a commitment to formal regulation of cryptocurrency markets by next year.
Previously, cryptocurrency languished in a gray area which more often than not resulted in authorities seeking to block consumer access to associated businesses such as exchanges and information portals.
As Finance Magnates notes, Alpari is considered something of a “trendsetter” in forex markets, having previously wheeled out now-popular technologies ahead of the pack.