London, UK – Wednesday, January 13, 2021 – ICM.com, a UK-based global multi-regulated financial service provider, is pleased to announce the launch of the new trading instrument designed for clients who prefer not to have direct exposure to Fiat currencies while trading oil. BTCOIL allows an investor to use Bitcoin to trade oil and vice versa - a unique and convenient way of trading both products simultaneously.
BTCOIL is the resulting product of dividing the price of the BTCUSD by the price of #WTI. This means if the BTCUSD price remains the same and the price of the #WTI goes up, then the price of BTCOIL will be going down and vice versa - if the price of #WTI remains the same and the price of BTCUSD goes up, then the BTCOIL will go up.
Instrument = BID/ASK
BTCUSD = 35000/35060
#WTI = 52.00/52.04
BTCOIL = 673.07/ 673.71
"ICM.com is in a constant search for improving the trading experience of its clients. The merge of two popular trading products became a breakthrough in the trading industry. " - commented Shoaib Abedi, CEO and Director of ICM.com
For the past decade, cryptocurrencies became a novel and exciting asset class that allows not only to buy regular goods and services, but also to be an investment instrument like central banks currencies, stocks, or precious metals.
Bitcoin became the first decentralized, peer-to-peer cryptocurrency system designed to allow online users to process transactions through digital units of exchange called Bitcoins (BTC).
Although there are hundreds of cryptocurrencies in active use today, Bitcoin is by far the most popular and widely used.
Crude oil trading offers excellent opportunities for investment in nearly all market conditions due to its unique standing within the world's economic and political systems. Also, energy sector volatility has risen sharply in recent years, ensuring strong trends that can produce consistent returns for short-term, and long-term timing strategies.