Trading Platform WCX Now Allows Using Bitcoin to Trade Alibaba, Baidu, and Other International Stocks

Libra Coin News
Wed, 09/18/2019 - 13:23
Alex Dovbnya
WCX expands the list of available assets by adding a roster of international stocks 
Cover image via 123rf.com
Contents

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.

International stocks

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. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.