Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, March 23 2021 - 08:00
AsiaNet
AvaTrade upgrades client offering with reduced crypto spreads and new assets, including Chainlink, Uniswap and Thematic Equity Indices Baskets
DUBLIN, March 23, 2021 /PRNewswire-AsiaNet/ --

Award-winning CFD broker adds new cryptocoins and indices to platform while 
scaling back on crypto spreads as it upgrades product offering

AvaTrade [ https://www.avatrade.co.uk/ ]has today announced a suite of upgrades 
to its trading offering, reducing spreads on several cryptocurrencies – 
including Ethereum, Ripple and Bitcoin Gold – and adding several new 
instruments to its platform. Users will now be able to trade cryptocurrencies 
Chainlink and Uniswap as well as several new equity indices baskets on topical 
securities. The updates come as the broker continues to expand and diversify 
the trading options at its users' disposal while remaining highly competitive 
in its offering. 

Chainlink and Uniswap are both types of third-wave decentralised finance (DeFi) 
crypto, an establishment of autonomous enterprises that are not controlled by a 
central source. DeFi coins, such as Chainlink and Uniswap, extend the use of 
blockchain from simple value transfer to more complex financial use cases, with 
the autonomous infrastructure operating via smart contracts and blockchains and 
thus non-reliant on financial intermediaries.  

Commenting on the updates, Dáire Ferguson, CEO at AvaTrade, said: "We are 
delighted to expand our client offering with the addition of some important new 
products. DeFi is really starting to take off in the crypto space and we are 
delighted to be able to offer our clients the chance to trade these new 
instruments. In addition, a scale-back in crypto spreads now means AvaTrade's 
offering is among the most competitive on the market, bringing our clients 
better value when trading."

Meanwhile, the equity indices baskets added to AvaTrade's platform present 
users with several exciting new options for trading on trending assets while 
minimising exposure to the risks associated with investing in a single stock. 
The indices offer access to specific baskets of stocks, tracking segments such 
as airlines and airports giants, COVID-19 vaccine giants and green energy 
giants (see full list below), enabling users to trade based on wider industry 
trends without having to take on the research or risk associated with picking 
out a single business or selection of businesses. 

Ferguson adds: "As ever, AvaTrade remains committed to providing our clients 
with a wide range of tools suited to every trading appetite."

Notes to editors
Below is a full list of new equity basket indices available on the AvaTrade 
platform:
 
Index 	                                                MT5 Name
Airlines and Airports Giants Index	                AIRLINES
American Lithium and Battery Metals Giants Index	BATTERY_LITHIUM
Covid-19 Vaccine Giants Index	                        COVID_VACCINE
Green Energy Giants Index	                        GREEN_ENERGY
China Internet Giants Index	                        CHINA_INTERNET
FAANG's 10 Equally Weighted Index	                FAANG
Gaming and E-Sports Giants EW Index	                GAMING_ESPORTS
Remote Economy Giants Index	                        REMOTE_ECONOMY
US Coronavirus Covid-19 Impacted Index	                CORONA_IMPACT
 
For further information, please contact:
Finn Partners for AvaTrade
Tel: +44 20 7655 1710
Email: AvaTrade@finnpartners.com 

About AvaTrade
AvaTrade is one of the world's largest, most regulated CFD brokers. Regulated 
in seven jurisdictions and offering clients around-the-clock support and 
services in over 20 languages, the multi-award-winning organisation prides 
itself on its dedication to helping users to trade with confidence – regardless 
of their level or background. AvaTrade provides access to ultra-low spreads on 
over 1,250 trading instruments – including AvaOptions, MetaTrader 4/5 and its 
latest risk management tool, AvaProtect(TM) – through both its cutting-edge web 
trader and mobile app, AvaTradeGO. Providing its client base of more than 
300,000 traders in 150 countries with a diverse range of trading options, 
catering to a broad variety of needs and appetites. Recently awarded No.1 
Broker by The European, Best Affiliate Programme by International Investor and 
Best Forex Mobile Trading Platform App by Global Forex Awards, AvaTrade is an 
industry pioneer committed to creating a fair, enhanced user experience for 
retail clients.

For further information please visit www.avatrade.com  

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Source: AvaTrade