Forex, or the foreign exchange market, is a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate. Forex trading includes the buying, selling and exchanging of currencies for the currently determined prices, which are provided by forex brokers — the intermediaries that allow for the purchases of currency with additional transaction fees. Bitcoin forex trading is a new opportunity provided by some forex brokers that is gaining popularity among high-risk traders, due to the high volatility that provides the chance to gain a much larger profit than any fiat currency can provide. It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position. However, the inclusion of Bitcoin in the current forex market is a big step for the cryptocurrency industry.
Chainlink connects a $7 trillion a day industry to the decentralized finance space by partnering with CenterPrime.
Chainlink Brings FX Rates Data From Top Korean Banks to DeFi
A crypto platform has been built using technology familiar to forex traders, potentially injecting new capital into the market.
New Crypto Trading Platform Launches with Forex Traders in Mind
On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how.
Forex vs. Cryptocurrency Trading, Explained
A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam.
Florida Man Charged Over $1.6M ‘Compcoin’ Scam
SBI Holdings will start implementing R3 blockchain-consortium technology in their Foreign Exchange services.
Japanese Holdings Company to Use Blockchain for Forex Trading
An all-in-one crypto platform is aiming to appeal to beginners and professionals alike by bringing trading bots, strategies and resources under one roof.
All-in-One Trading Platform Combines Crucial Tools for First Time
The CFTC has filed charges against two parties on Ponzi allegations involving crypto, forex, and over $500,000 of defrauded funds.
CFTC Charges Colorado Resident With Fraud in Crypto Ponzi Scheme