LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, May 17, 2019 offering with the addition of Bitcoin Cash (BCH/USD) and Ripple (XRP/USD).
Since launching crypto CFDs in 2018, FXCM has seen rising demand from retail clients seeking to expand and add new cryptocurrencies to their portfolios.
Bitcoin Cash is borne from Bitcoin but has the capacity to process more transactions due to a larger block size. Ripple tokens, known as XRP, have also become increasingly popular with retail investors.
By trading these cryptocurrencies as CFDs, FXCM traders have the incentive potential opportunity to go both long and short. Micronized CFD contracts allow clients to place trades in fractions, which lowers the minimum margin required to enter a position. In addition, profits are credited to a trader's account instantly, rather than held in a crypto wallet or cold storage.
Brendan Callan, CEO of FXCM Group, comments: "Having successfully launched three different cryptocurrencies in the past 12 months, our clients are asking us to improve the range of crypto CFDs they can access. The addition of Bitcoin Cash and Ripple marks the latest stage of growth for FXCM's burgeoning cryptocurrency offering and is in direct response to increased demand from our clients."
For more information and to open a live account, traders can contact an FXCM specialist 24 hours a day 5 days a week.
FXCM is a leading provider of online foreign exchange provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
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