HYCM is a leader in CFD trading services and online FX for both institutional and retail investors. Since its inception 40 years ago, the company has established a huge base of satisfied clients and is a leader in technological advancements in its field. The firm has become the go to online broker for investors worldwide, offering a wide range of asset classes such as metals, cryptocurrencies, currencies, shares, commodities, and indices.
HYCM has well developed trading platforms with the latest technology advancements such as a mobile app that enables clients to trade while on the move. Over the years in the industry and delivering topnotch client satisfactory results, HYCM is a market leader. The company has a global outreach with offices in Hong Kong, Cyprus, United Kingdom, and Dubai.
With a large number of their traders interested in cryptocurrency trading, HYCM has incorporated XRP/USD and BCH/USD into its range of crypto offerings. The company has earlier been dealing with other cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. HYCM now provides 24/5 controlled trading on major high risk virtual currencies that have minimal spreads, but high profit margins.
Why Ripple and Bitcoin Cash?
Created in 2012, Ripple (XRP) the concept behind its creation was to serve as the main cryptocurrency for international money transfers and banks. It is a both a crypto token, as well as a transaction network that has seen exponential growth in recent times.
On the other hand, Bitcoin Cash (BCH) is a clone of Bitcoin. The idea is borrowed from Bitcoin blockchain which came about after the Hard Fork (Bitcoin split) in August 2017. Recently, Bitcoin Cash has also experienced an accelerated growth thus, a good choice for investors who wish to spread their altcoins portfolios.
As of today, Ripple has the biggest market capitalization ranking third among all the other cryptocurrencies standing at well over $48billion whereas Bitcoin follows below at the fourth rank with a market cap of more than $26 billion when compared to $93billion for Ethereum and $176 for Bitcoin.
When cryptocurrencies where just a new thing in the market, back in 2009, no one anticipated they would grow at such a fast pace. But it’s 2018, and reality has hit; it’s real and it’s happening. They can no longer be ignored. Bitcoin, one of the first and biggest crypto in terms of market cap, continues to hit record highs. As Bitcoin and other cryptocurrencies continue to record impressive growth, more and more investors are getting drawn to the world of cryptocurrencies as a way of earning great financial rewards.
HYCM was one of the companies that were first to welcome the idea of cryptocurrency CFD trading. These new addictions to crypto trading only stressed the company status as a leader in the industry.
The CEO of HYCM, Stavros Lambouris, confirmed that the role of cryptocurrencies can no longer be ignored especially in the forex trading field as a whole. He further stated that the company expanded their crypto offerings so that their clients could diversify their portfolios the same way they do in traditional trading. Stavros Lambouris, said that the company was offering their clients the chance to capitalize on Bitcoin Cash and Ripple as they are currently the most sought after cryptocurrencies.