FXCM (FXCM Group, LLC) the retail forex broker and a leading international CFD trading provider 17th May announced that it has expanded its cryptocurrency offering with the addition of Ripple (XRP/USD) and Bitcoin Cash (BCH/USD).
The broker was lunched crypto CFDs in 2018, they are rising in the market and since 2018 trying to expand their cryptocurrencies portfolio. And the launched almost Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD) in the last years. And now providing five CFDs on Cryptocurrencies, new two are Bitcoin Cash ABC (BCH/USD) and Ripple (XRP/USD).
Micronized CFD contracts allow FXCM traders to place trades in fractions, which lowers the minimum margin required to enter a position. Now FXCM traders can go for both long and short trading to cryptocurrencies as CFDs.
Brendan Callan (CEO 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.”