RATE Group | FXCM Bitcoin Spreads Down 32+% in January 2020, More Crypto CFDs Coming
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FXCM Bitcoin Spreads Down 32+% in January 2020, More Crypto CFDs Coming

19 Feb FXCM Bitcoin Spreads Down 32+% in January 2020, More Crypto CFDs Coming

Posted at 12:00h in Bitcoin News by

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LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, Feb. 19, 2020 (GLOBE NEWSWIRE) — FXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange and CFD trading, has today announced major updates to its crypto offering including record low crypto spreads for the platform in the month of January 2020. This announcement showcases FXCM’s commitment to providing a diverse range of products – from traditional FX to crypto – for retail and institutional clients.

January 2020 was record month for FXCM’s Crypto division, as they announced the lowest spread ever across its current crypto offering, Bitcoin, Ethereum, Ripple (XRP), Litecoin and Bitcoin Cash. (See table below)

  December 2019 Average
Spreads*		 January 2020 Average
Spreads*		 Average Spread
rates difference:
January 2020 vs
December 2019
BTC/USD 40.76 27.54 (32.43%)
ETH/USD 1.86 0.96 (48.39%)
XRP/USD 0.0060 0.0019 (68.33%)
LTC/USD 0.55 0.2 (63.63%)
BCH/USD 4.15 3.33 (19.76%)

This…

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