GAIN Capital Expands Cryptocurrency CFDs Business, Adds Four New Altcoins
GAIN Capital is pushing additional into the quickly increasing cryptocurrency enterprise by way of the launch of extra CFDs contracts on 4 new altcoins, together with Ethereum, Litecoin, Ripple and Bitcoin Cash. The introduction of latest devices provides to Gain’s current cryptocurrency contracts-for-difference (CFDs) providing and follows sturdy demand from shoppers because the preliminary launch in December 2017.
GAIN Capital’s FOREX.com and City Index manufacturers will supply the expanded Crypto CFD suite to its clients within the U.Ok., Europe, Australia and Singapore. The shoppers at the moment are capable of commerce the cryptocurrency pairs both as an over-the-counter (OTC) spinoff or as a future, with entry to a restricted leverage and the flexibility to take each lengthy and quick positions.
GAIN Capital has established liquidity relationships with a number of digital currencies exchanges and makes use of these venues to provide tradable charges based mostly on volume-weighted common costs.
GAIN has additionally enhanced its already put in Bitcoin providing. In addition to the buck, the corporate’s shopper base will be capable of commerce the No.1 digital foreign money in opposition to the Euro (BTC/EUR), British pound (BTC/GBP) and Australian greenback (BTC/AUD).
Commenting on this, Glenn Stevens, CEO of GAIN Capital stated: “The expansion of our cryptocurrency offering provides new opportunities for our clients to trade a variety of digital currencies through an established, regulated firm, without the need for a digital wallet. Aligned with our strategy to invest in organic growth and enhance our product offering, the addition of Ethereum, Litecoin, Ripple, Bitcoin Cash and additional Bitcoin pairs enhances our crypto offering to include the most popular digital currencies and further differentiates our service, where traders can access over 12,000 markets, including FX, indices, commodities, equities and rates.”
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