A major trading platform in South Africa has added support for Bitcoin and Ethereum

A major trading platform in South Africa has added support for Bitcoin and Ethereum


One leading financial companies of South Africa Purple Group declared addition Bitcoin and Ethereum on the platform of GT247.com, giving to the users possibility of purchase these two largest on capitalization cryptocurrencies after fiat. About it reports local edition of Business Day.

About beginning support the BTC and ETH made decision in the light of “freight from the side clients” and notable yet and because during many years Purple Group conducted fully successful trade activity and without cryptocurrencies. Addition possibility purchase Bitcoin  and Ethereum for the South African rand it is possible thus to consider a large enough event.

Besides it, users got possibility of opening short positions on BTC and ETH, that, having regard to current status of the market, also can become an attractive option.

We will mark that in South Africa there is strong growth to Bitcoin  and other cryptocurrencies. The residents of the country can buy them on local exchanges as though Luno and Ice3x or through the regional offices large international brokers, for example, Saxo Bank.

“We look after large involved from the side of the international banks and exchanges in the questions of adjusting cryptocurrencies. I suspect, in the future they want to see them as a legal class assets”, – a trade specialist Purple Group said Barry Dumas.

He considers also, that is signs that a cryptocurrency market begins to be stabilized.

“We will see volatility yet, but not on those levels, that last year”, – added Dumas.

We will remind, in May intention to start an own cryptocurrency exchange was declared by a being based in Johannesburg investment company Sygnia Ltd. It is expected that it will happen in the third quarter in 2018.

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