XRP and BCH are ranked as the third and fourth top cryptocurrencies by market capitalization.
FXCM Group, an international provider of foreign exchange (Forex) and contracts-for-difference (CFD) trading, has yet again expanded its cryptocurrency offering, by announcing this Friday that it has added two new digital currencies to its platform - Bitcoin Cash (BCH) and Ripple (XRP).
The two new Cryptocurrencies are available to trade with the New York-headquartered company as CFDs - BCH/USD and XRP/USD. The addition of the new cryptocurrencies are to meet a rising demand from its retail clients to add new cryptos to their portfolios, the statement said.
At the time of publishing, BCH is ranked as the fourth largest crypto in terms of market cap, which is $6,559,262,026 and is trading at $368.77, according to CoinMarketCap. The asset was born from Bitcoin but can process higher levels of transactions due to a larger block size.
XRP, on the other hand, is ranked as the third largest virtual currency in terms of market cap, which is at $16,207,743,784 and is currently valued at $0.384678 according to CoinMarketCap data.
Commenting on the announcement, Brendan Callan, the Chief Executive Officer of FXCM Group, said: “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.”
Cryptocurrency CFDs allow traders to take both long and short positions on the chosen currency pair. FXCM also offers micronized CFD contracts for XRP and BCH, where traders can place trades in fractions. This lowers the minimum margin required to enter a position.
FXCM Group, an international provider of foreign exchange (Forex) and contracts-for-difference (CFD) trading, has yet again expanded its cryptocurrency offering, by announcing this Friday that it has added two new digital currencies to its platform - Bitcoin Cash (BCH) and Ripple (XRP).
The two new Cryptocurrencies are available to trade with the New York-headquartered company as CFDs - BCH/USD and XRP/USD. The addition of the new cryptocurrencies are to meet a rising demand from its retail clients to add new cryptos to their portfolios, the statement said.
At the time of publishing, BCH is ranked as the fourth largest crypto in terms of market cap, which is $6,559,262,026 and is trading at $368.77, according to CoinMarketCap. The asset was born from Bitcoin but can process higher levels of transactions due to a larger block size.
XRP, on the other hand, is ranked as the third largest virtual currency in terms of market cap, which is at $16,207,743,784 and is currently valued at $0.384678 according to CoinMarketCap data.
Commenting on the announcement, Brendan Callan, the Chief Executive Officer of FXCM Group, said: “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.”
Cryptocurrency CFDs allow traders to take both long and short positions on the chosen currency pair. FXCM also offers micronized CFD contracts for XRP and BCH, where traders can place trades in fractions. This lowers the minimum margin required to enter a position.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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