Bitcoin Forum

Economy => Trading Discussion => Topic started by: pa on October 23, 2013, 03:18:23 PM



Title: Why can't bitcoin be traded on forex exchanges?
Post by: pa on October 23, 2013, 03:18:23 PM
As far as I know there are no forex exchanges that exchange bitcoin for fiat. Why is that? Are there laws preventing them from trading bitcoin?


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: ColdHardMetal on October 23, 2013, 03:24:02 PM
The market isn't big enough to be worth their time yet.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: conspirosphere.tk on October 23, 2013, 03:24:41 PM
now there are these (i guess they are a good part of this price bubble). More will probably follow

Quote
AvaTrade Now Becomes the Most Popular Bitcoin Trading Services Provider

Earlier this year, AvaTrade launched Bitcoin trading services for
traders and became one of the leading brokerage firms to provide the
services. AvaTrade, a pretty large brokerage firm, was welcomed by
traders from around the world as it was the first time that …

http://www.virtual-strategy.com/2013/10/18/avatrade-now-becomes-most-popular-bitcoin-trading-services-provider (http://www.virtual-strategy.com/2013/10/18/avatrade-now-becomes-most-popular-bitcoin-trading-services-provider)

http://www.plus500.com/Instruments/BTCUSD (http://www.plus500.com/Instruments/BTCUSD)


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: ColdHardMetal on October 23, 2013, 03:29:19 PM

Quote
AvaTrade Now Becomes the Most Popular Bitcoin Trading Services Provider

Earlier this year, AvaTrade launched Bitcoin trading services for
traders and became one of the leading brokerage firms to provide the
services. AvaTrade, a pretty large brokerage firm, was welcomed by
traders from around the world as it was the first time that …


They only offer CFDs. You aren't trading actual BTC.

http://www.avatrade.com/trading-info/range-of-markets/bitcoin

"Trade Bitcoins CFDs at up to 5:1 leverage"
"Bitcoin market open 24 hours a day/5 days a week"
- lol. I bet that makes for some messy Mondays if people forget to close their trades.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: hulk on October 23, 2013, 03:36:36 PM
As far as I know there are no forex exchanges that exchange bitcoin for fiat. Why is that? Are there laws preventing them from trading bitcoin?

People still sees Bitcoin as scam and drug. So only time will tell..


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: conspirosphere.tk on October 23, 2013, 03:43:07 PM
They only offer CFDs. You aren't trading actual BTC.

of course, but even on Forex you trade just bits and you can't take delivery of foreign currencies.
and maybe they hedge and are into the market for actual btc.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: imrer on October 23, 2013, 04:10:34 PM
They don't see it yet. For them it's just kids playing with virtual money. I believe they'll understand potential in this but it'll be too late.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: Zemou on October 23, 2013, 05:44:30 PM
A friend of mine who is working in a big bank (as a trader ;D) told me BTC shows on his currency exchange panel but he can't trade it for the moment...
He also told me BTC is currently tested on some big exchange platform at the moment but can't be used for trading at the moment.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: LiteCoinGuy on October 23, 2013, 08:14:57 PM
A friend of mine who is working in a big bank (as a trader ;D) told me BTC shows on his currency exchange panel but he can't trade it for the moment...
He also told me BTC is currently tested on some big exchange platform at the moment but can't be used for trading at the moment.

Which bank is it?


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: monbux on October 23, 2013, 09:31:33 PM
I just saw a huge online forex exchange announce a few weeks ago they are accepting bitcoin.
Others would probably follow.


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: carlos on October 26, 2013, 12:10:42 PM
I just saw a huge online forex exchange announce a few weeks ago they are accepting bitcoin.
Others would probably follow.
which one?


Title: Re: Why can't bitcoin be traded on forex exchanges?
Post by: MoneyGod on October 30, 2013, 03:15:58 PM
I just saw a huge online forex exchange announce a few weeks ago they are accepting bitcoin.
Others would probably follow.
which one?

all rumours here no person giving link or any proofable news for these some bank and exchange thinking but where ?