Retail forex broker FXCM Group, LLC today announced that it has expanded its cryptocurrency offering with the addition of Bitcoin Cash (BCH/USD) and Ripple (XRP/USD).
After successfully launching crypto CFDs in 2018, FXCM has seen its retail clients continue to add cryptocurrencies to their portfolios. Having launched three other cryptocurrencies (Bitcoin, Ethereum, Litecoin) in the past 12 months, this marks the latest stage of growth for FXCM’s cryptocurrency offering.
Brendan Callan, CEO of FXCM Group, commented:
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.
Micronized CFD contracts allow FXCM traders to place trades in fractions, which lowers the minimum margin required to enter a position. In addition, profits are credited to a trader’s account instantly, rather than held in a crypto wallet or cold storage.