Expansion of crypto currency portfolio

30 August, 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 link  
Trade the worlds largest and most liquid markets

Unlike forex only providers, HY Markets allows the clients to gain exposure to multiple capital markets, thus allowing investors to develop a diverse portfolio from a single integrated account...

HY Loyalty Program

Get rewarded for your regular trading activity, earn up to $3 cash rebate. You can earn the cash rebate on all account types: mini, standard and premium, provided you have traded through your HY Webtrader or HY MT4 account...

HY Markets Refer-a-friend Program

HY Markets has designed this program because we want to reward our clients for supporting us and introducing HY Markets to other people within their social network and get immediate cash rewards...


Introducing the HY MT4 Webtrader

A state-of-the-art web-based trading platform that can be accessed by any Internet browserNow only from HY Markets, clients can access their MT4 download accounts from any web browser...

Become a Minimalist Trader

When many people think of traders, their mind immediately goes to either men on the floor wearing multi-coloured jackets or the Gordon Gecko look we all loved from Wall Street...

Choosing Between Software VS. Web-based Trading Platform

Over the past several years, technology has played a crucial role in the improvements of currency trading putting the entire mechanism behind it on steroids. Lots of Forex brokers today are now offering web based Forex trading platforms in addition to the downloadable ones...

  


Share: