Ripple & Bitcoin Cash added to FXCM
On May 17th, 2019 the Retail Forex Broker FXCM Group announced that they’d expanded their cryptocurrency offerings. The new additions include Ripple and Bitcoin Cash, allowing traders and investors of their platform to use trade with these crypto coins officially.
FXCM has continually seen their retail clients add cryptocurrencies to their portfolios. This comes after the Forex Broker launched their crypto CFD service back in 2018. During the last twelve months, they’ve added other crypto coins including Bitcoin, LiteCoin and Ethereum. Adding Bitcoin Cash and Ripple marks the next stage of FXCM’s offerings.
The CEO of the FXCM Group, Brendan Callan, commented on this announcement by saying: “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.”
These Micro CFD Contracts are allowing for traders of the FXCM platform to now trade in factions. This is allowing them to lower their minimum margins and have profits credits to their accounts immediately. This is a significant breakthrough for the FXCM platform.