VAULTA/ Pound

EOS/GBP allows traders with pound sterling denominated trading accounts exposure to the price movement of EOS, the cryptocurrency native to the EOS.IO blockchain platform. Like Ethereum, EOS.IO is a blockchain platform for the creation of smart contracts and DAPPs, or decentralised, applications. Released as an open source software in June 2018, EOS.IO positions itself as a ‘next generation’ blockchain platform that offers greater scalability than its rival Ethereum. Long EOS GBP positions are a trade anticipating a rise in the value of EOS relative to GBP. A short position on the pair would be taken by traders expecting a relative drop in the exchange value of EOS against the pound sterling.