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   446

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, CEO

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

Ripple to Work with Saudi Arabia’s Central Bank

Saudi Central Bank provides sandbox for banks to try out Ripple technology  
14 February 2018   126

Together with the Saudi Arabian Monetary Authority (SAMA), Ripple is going to create a pilot programme to enable local banks to deploy xCurrent for cross-border payments.

This pilot programme will provide interested Saudi banks with program management and training. it is the first of its kind to be launched by a central bank.

According to Dilip Rao, global head of infrastructure innovation at Ripple, central banks all over the world are interested in blockchain technology in order to understand how it can transform cross-border payments. It will result in lower barriers for both corporations and consumers.

SAMA will provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution. It has the potential to revolutionise cross-border payments, making it cheaper and more transparent. SAMA will be the second central bank to use blockchain technology to revolutionize payments.