GAIN Capital Holdings in has expanded its list of available cryptocurrencies for trading with the addition of Ethereum, Litecoin, Ripple and Bitcoin cash. Trading on the new cryptocurrency prices started last week in the UK, Europe, Australia and Singapore.
The cryptocurrencies are being made available for trading as either CFDs (contracts for difference) or futures. They will be offered in the UK under GAIN’s City Index brand.
GAIN is also expanding its Bitcoin offering, and will allow customers to trade Bitcoin directly against the EUR, GBP and AUD, in addition to the USD, which was already on offer.
“The expansion of our cryptocurrency offering provides new opportunities for our clients to trade a variety of digital currencies through an established, regulated firm, without the need for a digital wallet,” explained Glenn Stevens, CEO of GAIN Capital.
The launch of the additional cryptocurrencies follows the introduction of Bitcoin trading in the UK and Europe in December 2017 via GAIN’s City Index and FOREX.com services. GAIN also launched Bitcoin trading in Australia and Singapore in January, via its Futures Online and Daniels Trading brands.
In related news GAIN also confirmed that it saw improved client engagement in March, probably due to the heightened market volatility. Retail average daily trading volume at the broker was $11.9 billion, which was up 14% on a year-on-year basis.
For more on trading cryptocurrencies, check out The Armchair Trader’s free guide.