WCX, a trading platform, has announced the addition of international stocks, such as Alibaba and Baidu. It has also updated its design for faster trading.
Aggressive investors are advised to keep around 25 percent of their portfolio in foreign stocks. Instead of opting for ETFs and brokers that are restricted to a limited circle of buyers, one can also purchase these stocks on a digital exchange.
Because of the new feature, WCX users will be able to diversify their portfolio by buying fractions of international shares with Bitcoin
WCX has ventured into a crowded space. For example, Robinhood, which allows commission-free trading, also offers cryptocurrencies and foreign stocks. As reported by U.Today, Abra also lets its users buy the shares of major companies with crypto.
Upping the ante
Risk-loving WCX users are now able to trade with much higher leverage.
The platform has increased maximum trade sizes for all available assets. For Forex currencies (EUR, CNH), which are significantly less volatility compared to cryptocurrencies, the limits have been bumped up to $1 mln.
The maximum leverage for BTC/USD has been increased to 25x. However, this is still conservative compared to the likes of BitMEX and Bitfinex that offer a whopping 100x leverage.