FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading and related services. It also offers cryptocurrency trading where you can long or short without actually holding the coin and profit/losses are instantly visible on the users account.
On May 17th, FXCM announced the addition of XRP/USD and BCH/USD on its platform.
According to the announcement (first seen on Finextra):
“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 born 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“.
Brendan Callan, CEO of FXCM Group, also added:
“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.”
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