Retail forex broker FXCM Group, LLC has just announced that it has expanded its cryptocurrency offering by adding its second crypto CFD, Ethereum (ETH/USD).
Brendan Callan, CEO of FXCM Group noted:
Following the successful launch of FXCM’s Bitcoin CFD and with client demand we added Ethereum to our CFD list with plans to continue to roll-out additional crypto CFDs. Cryptocurrencies have surged in popularity, with many seeing new trading opportunities.
In particular, there has been huge demand from retail foreign exchange traders for crypto CFDs, particularly due to the ability to go both long and short. And while we may not have been the first to launch, we are looking to offer a competitive suite of cryptocurrencies.