CRYPTALGO, the institutional crypto-trading and brokerage firm, has appointed Ed Mount, the Co-Founder of Elysium Technology Group and crypto expert Jon Matonis to its Advisory Board.
Ed Mount joins as Chief Adviser, Trading Technologies. Prior to launching Elysium Technology Group, Ed was Managing Director and Global Head of Electronic FX Trading at Nomura and Royal Bank of Scotland. He specialises in automated database technologies, including distributed ledgers/blockchain and their application to foreign exchange, futures and cryptocurrency trading, risk management and workflow processing.
Jon Matonis is Former Executive-Director and Co-Founder of the Bitcoin Foundation and served as Special Adviser on Cryptocurrency Market Intelligence. As an economist and e-Money researcher focused on expanding the circulation of non-political digital currencies, Jon is a prominent expert within the crypto sphere. He serves as an independent board director to companies in the Bitcoin, Blockchain, mobile payments and gaming sectors.
Ed and Jon join a growing team of senior advisers on CRYPTALGO’s Advisory Board, whose members include John Winter, former CEO of Barclays Corporate Banking, and Michael Huttman, Executive Chairman of Millennium Global Investments.
CRYPTALGO develops crypto brokerage, algo-trading, custody, investment and white-label solutions for financial institutions. Its Galaxy ‘backbone’ platform connects global cryptocurrency exchanges and consolidates liquidity to offer financial institutions “best price” and “best execution” solutions for high-volume trading.
Francisco Portillejo Hoyos, CEO of CRYPTALGO, commented:
“For us, 2018 has been a year of successful partnerships and significant appointments which underpin CRYPTALGO’s success and demonstrate to institutional investors the years of expertise and experience behind our offering. Jon and Ed are prominent leaders of their respective industries – having them on board enforces investor interest in the cryptocurrency and blockchain market and continues to align the high standards of practice that CRYPTALGO provides with that of our clients. They are a strong and welcome addition to a team that aims to provide investors with robust, compliant and institutional-grade tools for crypto trading and investments.”
The Future of Bitcoin – Is it Worth Investing?
The Current Bitcoin MarketThe bitcoin market at the present moment is in a noticeable downward trend. This has been heavily influenced by the mass market sentiment which has displayed consistently negative signs. That said, many professionals within the industry, and certainly a trusted bitcoin broker such as TradeFW, have firm faith in the markets capability to rebound from its current position. Presently, the market is experiencing a low below $3,500, something which bitcoin trading sites have not seen in 12-months. That said, for those who have recently joined the industry and learned how to trade bitcoin, there are other opportunities. These opportunities currently reside with bitcoin options trading, or CFDs.
Bitcoins Short and Long-Term FutureBitcoins short-term future may well see a further slump prior to any bounce back, however if you are desiring to open a bitcoin account, this should not hold you back. There are many leading forex brokers who are now offering varied bitcoin trading strategies such as the CFD trading from TradeFW where BTC is paired with the USD. If you are wondering where to trade bitcoin in the current market, this may well be the best choice, since, with CFD trading, you can easily capitalize even in times of a slump in the market. As for the long-term future of Bitcoin, this would still appear to be bright. We should remember that in the bigger market picture, the current price level is still comparatively very strong, and the cryptocurrency remains in its number one position. The long-term currency future is further bolstered by the emergence of new trading opportunities such as CFDs and Options trading on Bitcoin. At the present moment, it may be a very advisable strategy to partner with a strong bitcoin trading platform which offers some of these more diversified financial trading instruments, and attempt to utilize any market conditions to your benefit. The best bitcoin trading platforms will certainly have extensive learning resources available. Continuing to utilize these resources to further learn about bitcoin is a surefire way to help improve your trading skill no matter the market conditions.
Pros and Cons of Investing in BitcoinStepping back from the current market situation, there are still a number of positives to be drawn from when it comes to potential future investment in Bitcoin and the cryptocurrency market in general.
- The potential growth levels in Bitcoin have already been demonstrated by the huge gains shown within the past year up to almost $20,000.
- The nature of Blockchain technology means investing in Bitcoin can be both anonymous and highly secure.
- As society continues its technological advancement, there is little doubt that Bitcoin can show its true potential further as it becomes more integrated as a payment method in everyday life.
- With new investment options such as CFDs and options trading in BTC markets becoming available, there is potential for traders in both an upward and downward trending market.
- Bitcoin investment remains innately risky, particularly in the current market where a negative sentiment is quite clear.
- It still remains to be seen if the currency will be adopted or has the technical capabilities to function as an everyday payment method in society.
- Security of your bitcoin holdings and intrinsic value of cryptocurrency are always contentious points.
ConclusionOverall, it is quite clear that whilst the bitcoin market is in times of some difficulty, opportunities still exist for both new and existing investors in the cryptocurrency. Bitcoin now has more trading options than ever with the ability to trade CFDs through many leading and trusted forex platforms. Regardless of the current market price, there is still clear potential in trading and the future of Bitcoin. TradeFW provides top quality forex broker services and trading in cryptocurrency CFDs including Bitcoin. For the best opportunity to capitalize on the current Bitcoin market along with all major forex and other markets, open an account today.
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