Forex Broker comparison service provider FXBrokerFeed, brings you yet another incisive weekly update, with comparisons, recaps of latest news, and trends in the forex market.
The 2019 second quarter debuts with renewed FX market vibrancy. Forex Broker comparison service provider FXBrokerFeed, brings you yet another incisive weekly update, with comparisons, recaps of latest news, and trends in the forex market, featuring Interactive Brokers and eToro.
Interactive Brokers (IB) Clinches 25% Rise in US Retail FX Funds
FXBrokerFeed notes resilience of US based FX brokerages during the week with Interactive Brokers ahead of the pack. IB shook off a few trading downturns, to clinch a 25% increase during the period under review.
FXBrokerFeed observes Interactive Brokers performance as underpin of its commanding 42% share of US retail FX market. Though trailing, competition from brokerages like TD Ameritrade, and Oanda Corporation contributed to the 4% rise in FX deposits.
Cumulatively, Commodity Futures Trading Commission (CFTC) indicate FX Brokers traded $590 in February 2019, compared with $568 million chalked the previous month.
eToro Aquires Tron’s TRX
FXBrokerFeed has reviewed eToro’s growing confidence, and investment in cryptoassets. eToro’s acquisition of TRX from Tron is a compelling statement of intent, to continue its plunge into the cryptosphere.
With daily trading at $58 million, TRX has increasingly gained acceptance by major cryptocurrency exhanges, and a host of prestigious third party wallets.
TRX becomes the fifteenth cryptoasset to trade on eToro’s broadening cryptocurrency platform. Others include Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, EOS, Cardano, IOTA, BNB, Classic, Dash, Stellar, NEO, and ZCASH.
FXBrokerFeed notes Tron’s undaunted risk taking, and avid investment in blockchain technology. By acquiring Tron’s TRX, eToro stands to leverage access to Tron’s lucrative content delivery, and entertainment streaming cryptofolio.
It has been predicted that entertainment streaming fortunes will surpass and thrive in the trillion dollar enclave by year 2022. FXBrokerFeed observes that eToro must be fully convinced of such lofty forecasts, and acquisition of TRX is a carefully calculated addition to its increasing array of pedigree cryptoassets.
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