Expansion of crypto currency portfolio

12 September, 2017

Expansion of crypto currency portfolio

HYCM, a leading provider of online FX and CFD trading services, announced on Monday it adds Ethereum and Litecoin to its cryptocurrency product portfolio. Now the broker’ clients will be able to trade in ETH/USD and LTC/USD pairs, apart from the BTC/USD. 

We remind you that HYCM added the popular cryptocurrency Bitcoin to its tradable instruments list in June this year. The new instruments will also be traded as contract for difference (CFD), which means that traders are actually not buying the coins, but speculating on whether their price will to move up or down. Trading digital currencies in the form of CFDs has both disadvantages and drawbacks as compared to buying or selling them on a crypto-exchange.

Commenting on the launch of Ethereum and Litecoin trading at HYCM, Stavros Lambouris, CEO International for HYCM, said “The decision to expand our cryptocurrency CFD offering follows the impressive returns recently generated and increased demand from our clients wishing to capitalize on their performance without needing to physically purchase them.”

Indeed, the cryptocurrency industry has seen massive growth over the last few months with the price of Bitcoin having risen more than 300% year-to-date and the other tokens are also generating impressive returns. That is why a number of forex brokerages jump the cryptocurrency wagon lately, including, but not limited to IG Group, Admiral Markets, eToro, Fibo Group, Alpari, JFD Brokers. For further information, you may check out our extensive lists of forex brokers offering trading in Bitcoin and Ethereum CFDs.


Source  

Related materials

20 February, 2018

Advantages of a Bitcoin account

There are 8 main cryptocurrencies for trading with high capitalization, namely Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, Monero, Zcash, and Dashcoin...

16 February, 2018

Traders Mindset - Free Forex eBook

Traders Mindset eBook, brings you one step closer to the mindset of a successful trader. Traders education made simpler with FXCC's comprehensive library of eBooks for traders of all levels, covering key trading concepts...

12 February, 2018

Promo-action Profit bonus

FortFS announces the start of the promo-action Profit Bonus which is designed to boost your profits. Starting from 6 February until 9 March 2018 inclusively every profitable trade will be rewarded with 2% of the resulting profit. The percentage ...

8 February, 2018

XM lowers Zero Account commission

Leading EU forex and CFD broker XM announced it is lowering the commissions on its popular Zero Account. Starting from February 12, 2018 the broker will charge $3.5 per $100 000 traded (one lot), instead of $5 per lot...

1 February, 2018

FXTM receives UK FCA Licence

FXTM is excited to announce that we have been granted a licence with the UK’s Financial Conduct Authority (FCA), and will be ready to operate in the coming weeks under FCA licence no. 777911...

26 January, 2018

Buy Serenity tokens via Grand Capital

Grand Capital has recently started the collaboration with Serenity, an escrow platform on blockchain for secure trading. In December we launched the free tokens promotion and many of our clients...