RATE Group | XRP, Litecoin, Bitcoin, Ethereum reserve place in FXCM’s crypto-basket
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XRP, Litecoin, Bitcoin, Ethereum reserve place in FXCM’s crypto-basket

14 Oct XRP, Litecoin, Bitcoin, Ethereum reserve place in FXCM’s crypto-basket

Posted at 16:11h in Ethereum News by

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Forex Capital Market aka FXCM is a reputed, international provider of online foreign exchange. It’s in the news today after it announced the introduction of cryptocurrency baskets for its retail customers. The company already serves as an online foreign exchange, contracts-for-difference [CFD], and as a platform for crypto-trading.

FXCM has dubbed this basket “CryptoMajor,” and will be adding Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC], and Bitcoin Cash [BCH]. The use of multiple financial instruments in baskets will make it possible for investors to trade in all of them at once, without the need to manage each instrument separately.

CEO of FXCM, Brendan Callan, welcomed the announcement and said that the basket of cryptocurrencies will ease the pain of constantly monitoring the markets. He added,

“CryptoMajor therefore streamlines the trading process and protects our customers from unanticipated and adverse market movements. It is a great opportunity…

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