FXCM adds Bitcoin Cash, XRP to crypto offering

Foreign exchange company FXCM announced on Friday that it will start offering two cryptocurrencies.

The firm added two digital currencies, namely, Bitcoin Cash (BCH/USD) and Ripple (XRP/USD).

“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,” Brendan Callan, FXCM Group CEO, said.

Also known as Forex Capital Markets, FXCM is an international broker for trading on the foreign exchange (FOREX) and contracts-for-difference (CFD) markets. Earlier, the company offered three CFDs on cryptocurrency, namely, Bitcoin (BTC/USD), Ethereum (ETH/USD), and Litecoin (LTC/USD).

“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.”

FXCM wants to up its trading game. Other than expanding its cryptocurrency offerings, FXCM has also updated its HTML 5 Web Platform, Trading Station Web 2.0 by integrating Trading Central research earlier this year. In addition, it introduced a new widget that allows traders to discover all the signals found for a certain instrument and can learn more about the analysis.

“We’ve spent the last 20 years empowering investors to form educated trade decisions by providing them with actionable research they can trust,” Alain Pellier, Trading Central CEO said.

“This integration gives our traders seamless access to Trading Central’s analysis,” Callan said. “We want to provide traders all the tools possible to allow them to be smarter and more successful in their trading.”

Earlier this month, FXCM has also appointed Tim Rudland as the new Vice President of Institutional Sales, LeapRate reported. Before joining, Rudland was the former Head of Trading of UK’s leading online FOREX trading broker GKFX.