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OANDA Expands Crypto Trading To The United States

23 Jan 2023

As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, around 4%. The central bank, on the other hand, is primarily focused on reducing inflation to 2%.

Members of the Federal Reserve, including its 16th chair, Jerome Powell, have frequently stated that the bank’s goal is to bring inflation down to 2%. Powell has emphasized that the Federal Open Market Committee’s (FOMC) “overarching focus right now is to bring inflation back down to our 2% goal.” To tame inflation, the central bank has used its monetary tightening policy and interest rate hikes. So far, the Fed has raised rates seven times in a row since last year, with increases happening on a monthly basis.

Inflation in the U.S. has decreased since approaching double digits in October and November 2022. At that time, economist and gold enthusiast Peter Schiff stated that “America’s days of sub-2% inflation are gone.” At the 2023 World Economic Forum event in Davos, last week, JLL CEO Christian Ulbrich told the Financial Times that his peers are starting to say that 5% will be the new 2%. “Inflation will persistently remain around 5%,” Ulbrich said to the FT reporters. Mohamed El-Erian, president of Queens’ College at the University of Cambridge, explained on January 17 that inflation may become “sticky” around the 4% range.

“Stocks and bonds are off to an exuberant start to 2023, but there is still plenty of uncertainty about the world’s growth, inflation and policy prospects,” El-Erian wrote in an op-ed article published on Bloomberg. “The improvement in U.S. growth prospects is being accompanied by a depletion of savings, which had benefited from the considerable fiscal transfers to households during the pandemic, and an increase in indebtedness,” the economist added.

El-Erian further noted that the value of bitcoin (BTC) has undergone a notable appreciation this year, and he attributes this to investors becoming more accepting of relaxed financial constraints and an increase in risk-taking attitudes. “Bitcoin is up some 25% so far this year thanks to looser financial conditions and larger risk appetites,” the economist wrote.

While the Federal Reserve aims to bring inflation back down to the 2% range, and some predict the inflation rate will decrease to 2.7% this year and 2.3% in 2024, El-Erian anticipates an adhering predicament around the 4% range. “Increasing wage pressure” is driving this change, El-Erian emphasized.

“This transition is particularly noteworthy because inflationary pressures are now less sensitive to central bank policy action,” the economist wrote. “The result could well be more sticky inflation at around double the level of central banks’ current inflation target.”

Will inflation become “sticky” around 4%, as economist El-Erian suggests? Share your thoughts in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, around 4%. The central bank, on the other hand, is primarily focused on reducing inflation to 2%.

Members of the Federal Reserve, including its 16th chair, Jerome Powell, have frequently stated that the bank’s goal is to bring inflation down to 2%. Powell has emphasized that the Federal Open Market Committee’s (FOMC) “overarching focus right now is to bring inflation back down to our 2% goal.” To tame inflation, the central bank has used its monetary tightening policy and interest rate hikes. So far, the Fed has raised rates seven times in a row since last year, with increases happening on a monthly basis.

Inflation in the U.S. has decreased since approaching double digits in October and November 2022. At that time, economist and gold enthusiast Peter Schiff stated that “America’s days of sub-2% inflation are gone.” At the 2023 World Economic Forum event in Davos, last week, JLL CEO Christian Ulbrich told the Financial Times that his peers are starting to say that 5% will be the new 2%. “Inflation will persistently remain around 5%,” Ulbrich said to the FT reporters. Mohamed El-Erian, president of Queens’ College at the University of Cambridge, explained on January 17 that inflation may become “sticky” around the 4% range.

“Stocks and bonds are off to an exuberant start to 2023, but there is still plenty of uncertainty about the world’s growth, inflation and policy prospects,” El-Erian wrote in an op-ed article published on Bloomberg. “The improvement in U.S. growth prospects is being accompanied by a depletion of savings, which had benefited from the considerable fiscal transfers to households during the pandemic, and an increase in indebtedness,” the economist added.

El-Erian further noted that the value of bitcoin (BTC) has undergone a notable appreciation this year, and he attributes this to investors becoming more accepting of relaxed financial constraints and an increase in risk-taking attitudes. “Bitcoin is up some 25% so far this year thanks to looser financial conditions and larger risk appetites,” the economist wrote.

While the Federal Reserve aims to bring inflation back down to the 2% range, and some predict the inflation rate will decrease to 2.7% this year and 2.3% in 2024, El-Erian anticipates an adhering predicament around the 4% range. “Increasing wage pressure” is driving this change, El-Erian emphasized.

“This transition is particularly noteworthy because inflationary pressures are now less sensitive to central bank policy action,” the economist wrote. “The result could well be more sticky inflation at around double the level of central banks’ current inflation target.”

Will inflation become “sticky” around 4%, as economist El-Erian suggests? Share your thoughts in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday.

XRP, formerly ripple, was one of Monday’s notable gainers, as the token rose to a three-month high in today’s session.

XRP/USD hit an intraday high of $0.431 to start the week, coming off the back of Sunday’s low at $0.3979.

As a result of today’s surge in price, XRP has risen to its strongest point since November 8.

Looking at the chart, the move took place following a breakout of a ceiling at the $0.410 resistance level.

As of writing, XRP is still trading above this point, however earlier gains have eased, with price now at $0.420.

Momentum has eased, with traders seemingly securing gains as the 14-day relative strength index (RSI), which is tracking at 68.64, nears a ceiling at 69.00.

In addition to XRP, dogecoin (DOGE) started the week stronger, with the meme coin hovering close to a key resistance level.

Following a low of $0.0861 on Sunday, DOGE/USD raced to an intraday peak of $0.09289 earlier today.

This surge saw dogecoin briefly break out of a resistance point at $0.09200, closing in on a six-week high in the process.

As can be seen on the chart, this breakout was not sustained, with the meme coin now trading below $0.09000.

One of the reasons behind the afternoon’s decline is the fact that price strength has encountered a hurdle of its own.

Currently the RSI is tracking at 63.51, which is slightly below a ceiling at the 64.00 mark, and seems to have panicked earlier bulls.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Doge, dogecoin, Meme Coin, Ripple, XRP

Do you expect dogecoin to move beyond this resistance level this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday.

XRP, formerly ripple, was one of Monday’s notable gainers, as the token rose to a three-month high in today’s session.

XRP/USD hit an intraday high of $0.431 to start the week, coming off the back of Sunday’s low at $0.3979.

As a result of today’s surge in price, XRP has risen to its strongest point since November 8.

Looking at the chart, the move took place following a breakout of a ceiling at the $0.410 resistance level.

As of writing, XRP is still trading above this point, however earlier gains have eased, with price now at $0.420.

Momentum has eased, with traders seemingly securing gains as the 14-day relative strength index (RSI), which is tracking at 68.64, nears a ceiling at 69.00.

In addition to XRP, dogecoin (DOGE) started the week stronger, with the meme coin hovering close to a key resistance level.

Following a low of $0.0861 on Sunday, DOGE/USD raced to an intraday peak of $0.09289 earlier today.

This surge saw dogecoin briefly break out of a resistance point at $0.09200, closing in on a six-week high in the process.

As can be seen on the chart, this breakout was not sustained, with the meme coin now trading below $0.09000.

One of the reasons behind the afternoon’s decline is the fact that price strength has encountered a hurdle of its own.

Currently the RSI is tracking at 63.51, which is slightly below a ceiling at the 64.00 mark, and seems to have panicked earlier bulls.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Doge, dogecoin, Meme Coin, Ripple, XRP

Do you expect dogecoin to move beyond this resistance level this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account.

Jessica Walker at Fluid said: “One of the problems with crypto is the lack of connection to the real world. Fluid solves that by integrating Dai directly into our accounts. Users can buy Dai directly from us using dollars, euros, pounds and dozens of other currencies. Dai holders can also now buy coffee on their Fluid Cards, which operate on the Mastercard network”.

Fluid offers traditional bank accounts in Europe and the UK and Fluid Accounts, which are open to anyone globally. Users can connect their Web3 wallets to these accounts, for a seamless TradFi – DeFi experience. “Gone are the days of having to go through an exchange,” – said Walker.

“Our main motivation was to offer an alternative to money transmitters, who charge exorbitant fees,” said Tina Bielowski. “We use Dai as part of our payment rails, together with integrations into the traditional system, and the end result is that the world’s poorest get a better deal. Even better, since the money is delivered directly to the user’s phone, it allows vulnerable people to have control of their financial life.”

Fluid’s own digital money provides the integration solution missing for so long in the crypto world. When combined with Dai, Fluid’s offer is intended to connect the two world and removes barriers to adoption.

Fluid’s detailed proposal can be seen here: https://forum.makerdao.com/t/mip99-offer-dai-to-cefi-projects-to-enable-real-world-use-cases/19466

https://github.com/makerdao/mips/pull/768

More details

Fluid enables Dai holders to off-ramp from crypto to a bank account (or Fluid Account) in less than a minute. Holders can also spend their Dai on their Fluid Cards, which run on the Mastercard network. These cards are available to anyone, globally.

See these on YouTube here: https://bit.ly/3XfExEG.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.

PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account.

Jessica Walker at Fluid said: “One of the problems with crypto is the lack of connection to the real world. Fluid solves that by integrating Dai directly into our accounts. Users can buy Dai directly from us using dollars, euros, pounds and dozens of other currencies. Dai holders can also now buy coffee on their Fluid Cards, which operate on the Mastercard network”.

Fluid offers traditional bank accounts in Europe and the UK and Fluid Accounts, which are open to anyone globally. Users can connect their Web3 wallets to these accounts, for a seamless TradFi – DeFi experience. “Gone are the days of having to go through an exchange,” – said Walker.

“Our main motivation was to offer an alternative to money transmitters, who charge exorbitant fees,” said Tina Bielowski. “We use Dai as part of our payment rails, together with integrations into the traditional system, and the end result is that the world’s poorest get a better deal. Even better, since the money is delivered directly to the user’s phone, it allows vulnerable people to have control of their financial life.”

Fluid’s own digital money provides the integration solution missing for so long in the crypto world. When combined with Dai, Fluid’s offer is intended to connect the two world and removes barriers to adoption.

Fluid’s detailed proposal can be seen here: https://forum.makerdao.com/t/mip99-offer-dai-to-cefi-projects-to-enable-real-world-use-cases/19466

https://github.com/makerdao/mips/pull/768

More details

Fluid enables Dai holders to off-ramp from crypto to a bank account (or Fluid Account) in less than a minute. Holders can also spend their Dai on their Fluid Cards, which run on the Mastercard network. These cards are available to anyone, globally.

See these on YouTube here: https://bit.ly/3XfExEG.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost and gas-efficient swaps on OpenOcean’s Ethereum mainnet.

OpenOcean, as a leading DEX aggregator, integrates the Verse DEX as one of the liquidity sources to deepen the liquidity on the Ethereum network in order to provide users the best swap returns. OpenOcean’s intelligent routing algorithm helps users search for the best price quote across aggregated DEXs on their chosen network. With the integration, OpenOcean users can also enjoy the benefits for its products, cross-chain swaps, and limit orders, empowered with Verse’ liquidity directly on Ethereum.

Bitcoin.com’s multichain Verse DEX is an automated market maker-based decentralized exchange that aims to bring everyone permissionless and non-custodial trading access, with a special focus on newcomers to DeFi. Anyone can safely and securely swap crypto with low fees, including cross-chain trading between BTC, BCH, ETH and more. Anyone can also earn yield by providing liquidity to the DEX.

Verse DEX is derived from the battle tested Uniswap V2 contract, and has been audited by a third-party smart contract auditor. It is currently available on Ethereum and SmartBCH blockchains, but is continuously expanding onto low-fee, high transaction speed blockchains.

OpenOcean is a multi-chain Web 3 DEX Aggregator and integrates over 250 unique liquidity sources across 19+ networks. Using OpenOceans unique novel routing algorithm the platform is able to provide efficient spot swaps with the lowest possible gas fees and the highest maximum returns; it works by constantly analysing, comparing and determining the best routes available for a trade by connecting all integrated liquidity sources. To increase trading efficiency, OpenOcean, as a one-stop solution, also provides limit orders, cross-chain swaps and perpetual aggregation on multi-chains. In the near future OpenOcean will continue looking to expand more services to fulfill users’ needs on Web 3.

OpenOcean

Stay Tuned:

Contacts:

Bitcoin.com

Contacts:

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost and gas-efficient swaps on OpenOcean’s Ethereum mainnet.

OpenOcean, as a leading DEX aggregator, integrates the Verse DEX as one of the liquidity sources to deepen the liquidity on the Ethereum network in order to provide users the best swap returns. OpenOcean’s intelligent routing algorithm helps users search for the best price quote across aggregated DEXs on their chosen network. With the integration, OpenOcean users can also enjoy the benefits for its products, cross-chain swaps, and limit orders, empowered with Verse’ liquidity directly on Ethereum.

Bitcoin.com’s multichain Verse DEX is an automated market maker-based decentralized exchange that aims to bring everyone permissionless and non-custodial trading access, with a special focus on newcomers to DeFi. Anyone can safely and securely swap crypto with low fees, including cross-chain trading between BTC, BCH, ETH and more. Anyone can also earn yield by providing liquidity to the DEX.

Verse DEX is derived from the battle tested Uniswap V2 contract, and has been audited by a third-party smart contract auditor. It is currently available on Ethereum and SmartBCH blockchains, but is continuously expanding onto low-fee, high transaction speed blockchains.

OpenOcean is a multi-chain Web 3 DEX Aggregator and integrates over 250 unique liquidity sources across 19+ networks. Using OpenOceans unique novel routing algorithm the platform is able to provide efficient spot swaps with the lowest possible gas fees and the highest maximum returns; it works by constantly analysing, comparing and determining the best routes available for a trade by connecting all integrated liquidity sources. To increase trading efficiency, OpenOcean, as a one-stop solution, also provides limit orders, cross-chain swaps and perpetual aggregation on multi-chains. In the near future OpenOcean will continue looking to expand more services to fulfill users’ needs on Web 3.

OpenOcean

Stay Tuned:

Contacts:

Bitcoin.com

Contacts:

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. OANDA, a leading online trading platform, has announced that it is expanding its crypto trading offerings to include the United States. This move is in response to the growing demand for crypto trading options in the country. It aims to give American clients more choice and flexibility in buying and selling digital assets.

The crypto industry is considered to have the potential to revolutionize how financial transactions are conducted. Decentralized digital currencies like Bitcoin and Ethereum could disrupt traditional banking systems and provide greater financial freedom and autonomy for individuals. Additionally, the blockchain technology that underlies many cryptocurrencies may potentially disrupt various industries, from supply chain management to voting systems. Despite being in its early stages, the crypto industry is viewed as having tremendous potential for growth and innovation in the future. Oanda is competently sitting at the pinnacle of this industry in Singapore.

The platform has been offering crypto trading options to clients in other regions for some time. It has built a reputation for providing a user-friendly interface, advanced tools, and educational resources to help traders make informed decisions. With the expansion to the United States, OANDA can now offer its American clients access to the same high-quality trading experience, making it a top choice for crypto traders in other regions.

One of the key features of OANDA’s crypto trading platform is its bitcoin trading options. Bitcoin is the world’s first and most widely used cryptocurrency and is considered by many to be a digital store of value. By offering bitcoin trading options, OANDA allows American traders to access this growing market and potentially benefit from its upward trend. The platform provides various other options, such as Ethereum, Litecoin, and Ripple, enabling clients to access a wide range of digital assets all in one place.

Additionally, OANDA recognizes the importance of providing clients with an all-around experience. The platform offers a variety of educational resources such as webinars, e-books, and articles designed to help traders of all experience levels better understand the crypto market and how to trade successfully.

Moreover, OANDA’s customer support team is available 24/7 to assist clients with any questions or concerns. This ensures that traders can access help when needed, which is especially important in the fast-paced world of crypto trading.

Security is also important to OANDA, so the platform utilizes state-of-the-art encryption technology to protect client information and assets. OANDA’s servers are located in secure, geographically dispersed data centers to ensure that client assets are always accessible.

OANDA’s expansion to the United States is a significant development for the company and the industry. With the growing popularity of crypto trading in the country, OANDA is well-positioned to meet the evolving needs of American clients. The company’s commitment to customer satisfaction, its educational resources, 24/7 customer support, and state-of-the-art security measures make it a top choice for traders of all levels.

This expansion also allows OANDA to tap into the vast potential of the American market, considered one of the most promising markets for the crypto industry. With the growing acceptance and adoption of digital currencies, the company’s move to expand its offerings to the United States is a strategic one that will enable it to capitalize on the growth opportunities in the market.

Furthermore, OANDA’s reputation as a trusted and reliable trading platform is a major advantage that sets it apart from its competitors. This reputation and the company’s commitment to providing a top-notch trading experience make it an ideal choice for American traders looking for a reliable and secure platform to trade on.

“We are excited to expand our crypto trading offerings to the United States,” said Gavin Bambury, CEO of OANDA. “We understand the importance of providing our clients with more choice and flexibility when it comes to buying and selling digital assets. Our goal is to empower traders of all levels to participate in the crypto market with confidence. We are confident that our expansion to the United States will help us achieve this goal and establish us as a leading player in the American crypto market.”

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [email protected] to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

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