HYCM Broker Launches Ripple and Bitcoin Cash CFDs

HYCM has added XRP/USD and BCH/USD Contracts For Difference to the range of already available for trading cryptocurrency offerings
23 January 2018   876

HYCM (Henyep Capital Markets), a popular licensed and regulated Forex broker, has announced the launch of Ripple and Bitcoin Cash cryptocurrency CFDs, which are financial derivatives that allow traders to take advantage of prices moving up or prices moving down on underlying financial instruments. 

HYCM added Ripple and Bitcoin Cash to already existing cryptocurrency offerings, such as Bitcoin, Litecoin and Ethereum following the increasing demand from investors in the wake of cryptocurrency popularity.

There is no doubt that cryptocurrencies play a key role in forex trading as well as in the industry as a whole. We are expanding our offerings to help our clients diversify in cryptocurrencies in the same way as they do in traditional instruments. By adding Ripple and Bitcoin Cash to our platform, HYCM is making it easier and more accessible for investors seeking opportunities to capitalise on the performance of even more of the most in-demand cryptocurrencies.

Stavros Lambouris


HYCM is considered one of the first brokers to launch cryptocurrency CFD trading, and the latest cryptocurrency CFDs additions to HYCM offerings is likely to make the company one of the industry’s leading brokers.

HYCM forex standart marketsHYCM Forex Standart Markets

At the moment of press, these are the main parameters of Ripple and Bitcoin Cash:

XRP. Price. $1,25
Marketcap. $48 480 487 662
24h Volume. $2 895 190 000

BCH. Price. $1 545,28
Marketcap. $26 157 340 880
24h Volume. $700 539 000

Mitsubishi Corporation`s Funds to be moved via RippleNet

Mitsubishi Corporation, together with a few partners, are going to move real funds over RippleNet: this is another validation of Ripple’s present technology
15 May 2018   197

The name of Mitsubishi is known to many people as a car manufacturer. The parent enterprice, nevertheless, has bigger plans for the future. In collaborance with MUFG Bank, Bank of Ayudhya, and Standard Chartered Bank, a blockchain pilot has been planned. 

This venture especially focuses on RippleNet, the technology aimed to facilitate cross-border payment flows. The main object of this test is to refine cash processing. All parties included trade with real-time and multi-currency payments on a daily basis. Cross-border transactions while stay slow, expensive, and subject to a fair amount of administration. With RippleNet, these payment flows can be bettered upon significantly. 

The goal of the pilot is to demonstrate the commercial viability of delivering high-speed cross-border payments between independent banks. As global trade continues to increase, the problems associated with cross-border payments are being experienced by smaller businesses as well. These companies don’t have the treasury resources or experience in navigating the pitfalls of today’s payment rails.
Ripple officials

Ripple’s technology is being tested for not the first time. RippleNet is a developing enterprice which basically collected support in the Asian region. Additional tests on this scale will define whether or not RippleNet is indeed a lively addition to the financial sector. The above-mentioned trial will be kept by Mitsubishi Corporation. Its subsidiaries’ accounts in Thailand and Singapore will see a real-world money transfer using RippleNet. It is also the first time a Japanese firm finishes a cross-border payment transaction over Ripple’s technology. If successful, this test can state a big precedent for other domestic firms to explore.

Depending on how the test goes, the parties intend to commercialize this payment resolve. Bringing RippleNet to the real world is an ongoing struggle, albeit things are proceeding as planned. With all of these firms showing a genuine interest in the project, Ripple has to provide the goods. Partnership with Mitsubishi Corporation at this stage paints an interesting outlook.