GAIN Capital Continues Rollout of Bitcoin Trading, Plans Ethereum and Others

Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term continue to be at the forefront of the retail broking industry’s expansion. The latest news comes from GAIN Capital as the company has announced the rollout of Bitcoin trading for its Australia and Singapore-based City Index subsidiaries.

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The firm has enjoyed a solid bump in share prices after it announced that it will offer the asset to its European clients. Some analysts on Seeking Alpha have upgraded their outlook for the company causing a sharp spike higher in the value of the shares of GAIN Capital.

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Bitcoin trading will now be available to clients of GAIN Capital that are based in Singapore and Australia. Both branches of City Index are regulated by the local authorities, the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC).

The company’s Bitcoin trading solution offers an alternative to clients that are keen to get exposure to cryptocurrencies. The leverage level on the Bitcoin contracts that GAIN Capital is offering will be contingent on the regulatory jurisdiction where the client is located.

Clients of GAIN have the option to trade the asset via an over-the-counter (OTC) derivative or as a future. Neither offering requires customers to own the underlying asset, therefore enabling a more easily-accessible speculative vehicle.

Commenting on the news, the Chief Executive Officer of GAIN Capital, Glenn Stevens, said: “For those who want exposure to Bitcoin, trading the cryptocurrency as a derivative with a regulated brokerage firm offers several key advantages over a Bitcoin exchange.

We view these benefits as: competitive fees and margin rates, the ability to go long or short, enhanced price discovery via aggregated Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from multiple Bitcoin market makers and exchanges, and fast trade execution."

Clients of GAIN Capital in Europe, Australia and Singapore can access Bitcoin trading via the City Index or FOREX.com brands. Bitcoin futures are available in the US via the firm’s brands Futures Online and Daniels Trading.

The company outlines that it is working on rolling out Ethereum trading as well as other cryptocurrencies in the early months of 2018.