FXCM Group FX Brokerage Set to Start Bitcoin CFD Trading to Rival Competitors in Crypto Industry

    FXCM Group Becomes the Most Recent Retail Addition to Bitcoin Trading

    FXCM Group has established themselves as one of the most recent retail trading venues to get involved with Bitcoin trading. The global FX brokerage is a little behind the rest of the industry, considering how many retailers have already adopted cryptocurrency into their companies. For FXCM Group specifically, this means a new contracts-for-difference (CFD), which pairs Bitcoin and the US dollar.

    The last few years have been prominent for cryptocurrency, considering how retail brokers have been welcoming digital currencies lately. With FXCM’s new adaption, they are able to provide a Bitcoin offering their current services. CFDs are also becoming popular within the UK, broadening the audience of consumers that have managed to get involved in cryptocurrency. Some of those UK-based providers include Admiral Markets, Plus500, and ICM Capital.

    The biggest competition for FXCM, like GAIN Capital’s and brands from City Index, have a Crypto suite to offer services to customers in many different countries. As a result, the clients have the options to trade pairs as OTC derivatives or as futures. Other brokers give their clients a spread bet, which means that they will not have to worry about taxes on their asset.

    Some experts believe that the reason FXCM decided to take on CFDs is due to the way that hedging positions have experience undue difficulty lately. That makes the use of digital assets a great alternative to users that want to preserve their funds and other assets.

    This decision also comes as the first stage on FXCM’s strategy to get more deeply involved with cryptocurrency. Additional partnerships with other cryptocurrencies could happen in the future, but there has been no press released on this plan yet.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    General Motors (GM) Files Blockchain-Based Map Network Patent for Autonomous Vehicles

    General Motors (GM) plans to build a self-updating navigation system on blockchain to allow use across “specific roads” on autonomous vehicles. In a newly...

    BTC Proposes a Greater Value Than Gold; $670M Transferred For 26 Cents Within Its Network

    Bitcoin’s value proposition in fund transfers is so far one of the most cost-friendly avenues to send money globally. A recent transaction within its...

    COVID-19's Impact On The Economy Claims Another Business as Cambrial Capital to Shut Down

    Cambrial Capital which focuses on a Crypto fund of funds is set to shut down its operations in the near future according to insiders...

    Apple’s New Intelligent Prevention Tracking (ITP) on iOS Threatens Burner Wallets Existence

    Apple’s recent upgrade on the Safari WebKit might soon phase out the convenience of burner wallets within the cryptocurrency space for its users. ...

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.