Forex Broker FXOpen Adds Ethereum Deposits and Withdrawals

FXOpen - a regulated Forex broker in the UK, Australia and Nevis - announced today that all existing clients will be able to fund their trading accounts with the Ethereum virtual currency (ETH).

The minimum deposit amount is currently set at 0.01 ETH, with no maximum limits, according to the announcement page. FXOpen also decided to waive deposit fee, however, clients will be paying 0.01 ETH withdrawal fee.

Ethereum was launched in 2015 as a decentralized crypto-currency with the added benefit of smart contracts, which gave the innovative virtual token some features which are currently not available on the Bitcoin network.

At its height in March of this year, the Ethereum network was valued north of $1 billion - second most valuable digital currency after Bitcoin - and ETH was trading around 0.03 against BTC. The Ethereum blockchain forked (split in two) in July, 2016, due to various disagreements within the community on how to deal with the DAO incident, which created a second Ethereum blockchain known as Ethereum Classic (ETC).

FXOpen pointed out in their announcement that only ETH deposits are allowed, not Ethereum Classic; Litecoin & Namecoin are also supported:
"Please note that FXOpen allows making transactions via ETH only."


Unlike many over-regulated Forex brokers in the United States and Canada, which only allow funding via traditional methods, FXOpen has been very accommodating towards digital currency enthusiasts. In July, 2016, FXOpen rolled out its Bitcoin-funded ECN trading accounts.

FXOpen does not service residents of the United States.

About Author: author Steve Todorov is the founder of Razor-Forex.com, an ardent digital currency enthusiast and Forex trader. Read More...

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2 comments :

  1. Well the door is opening wider with the announcement that that all existing clients will be able to fund their trading accounts with the Ethereum virtual currency (ETH).
    Maybe other Forex brokers will take note and follow suit in the near future.

    S2e1YmSWRo1p5faz1GDUTokE3qTYvEPA9z

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  2. it's an undeniable fact that Ethereum is getting popular as the like the Bitcoin, more and more institution accepts or added ETH into their market, in my humble opinion, ETH will conquer some other financial institution later but still behind the Bitcoin, for the Bitcoin will remain on the top because nothing can beat the original, the pioneer cryptocurrency, the creation of a "genius man" Satoshi Nakamoto.

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