As part of the launch of its new crypto trading platform, Firstrade Securities has listed popular cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB) and Dogecoin (DOGE) for its customers to buy and sell. The four cryptocurrencies make up just a few of the dozens now available for trading on the global trading and investment platform.
Firstrade Securities has been in the business of providing online trading and investing to members of the general public since 1985. For almost four decades the online broker has offered investment vehicles to its customers in the form of stocks, options, and mutual funds. The addition of cryptocurrency as a tradeable instrument on the platform further establishes this diversification effort.
Greater Interest in Cryptocurrency Trading
Firstrade has remained driven towards providing the most advanced investment tools to its customers. In doing so, Firstrade has become the first traditional brokerage platform to offer crypto trading, and doing so for as little as $1 of purchasing power.
Making popular cryptocurrencies like BTC, ETH, SHIB and DOGE available to its customer base is something Firstrade prepared for. Cryptocurrency has become an increasingly interesting investment option sought by far more traditional traders than in the past.
“Despite the recent market downturn, we are confident in the longevity of the crypto industry as a whole. Adopting our brokerage model to crypto coins allows for a safer trading environment, in contrast with some decentralized finance protocols that have recently seen collapse.”
John Liu – CEO – Firstrade Securities
Bitcoin, Ethereum, Dogecoin, and Shiba Inu on Firstrade
Firstrade listed several cryptocurrencies in its initial phase of live crypto trading. The particular coins and tokens listed are, for the most part, amongst the most popular and heavily-traded. Bitcoin was the first digital coin to be launched publicly and dates back to 2009. Bitcoin accounts for almost half of the total cryptocurrency market capitalization.
Ethereum is another long-time traded cryptocurrency, first being introduced to the public as an idea in 2015, and then going live in 2017. Since then the popular blockchain and crypto coin which paved the way for smart contracts, has risen to be the single most-traded cryptocurrency by volume.
Both Dogecoin (DOGE) and Shiba Inu (SHIB) are globally popular meme coins which are traded by millions of investors around the world. The latter two will be available across all states except for NY. Firstrade is available to new and existing customers via desktop, with crypto trading being accessible on iOS and Android.