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The entire world is now up to date with cryptocurrencies and all sorts of companies are trying to use them. This is great news for crypto traders because it broadens the usability of these tokens and also improves their overall value by attracting new investors. Nonetheless, HYCM is the latest company to make headlines in the crypto universe and that’s because it decided to add Ripple and Bitcoin Cash to its range of cryptocurrencies.
This company is a multi-regulated global leader in capital markets trading and the fact that its adding Ripple and Bitcoin Cash shows how popular cryptocurrencies are getting. The market went through a “boom” last year and this grabbed everyone’s interest. With that being said, HYCM will now offer Ripple and Bitcoin Cash transactions.
We should mention that HYCM already offers a wide range of cryptocurrencies that people can choose from. The cryptocurrencies that HYCM offers are as it follows: Bitcoin, Litecoin, Ethereum and now Ripple and Bitcoin Cash.
Ripple, which is popularly known as XRP is the “go-to” digital currency for banks. This makes Ripple quite different from all other altcoins because all of them are designed to go against banks. Leaving that aside, Ripple was created in 2012 and its valued at $1.26 per token as of now. In addition, the entire market cap for Ripple sits at $48.9 billion.
Bitcoin Cash (BCH)
As the currency’s name implies, Bitcoin Cash is derived from the highly popular Bitcoin blockchain. Bitcoin Cash is one of the top cryptocurrencies in the world and many stock investors are looking to expand their portfolio with it. One BCH token is priced at $1,552.43 at the moment and it has a market cap of $26.2 billion.
Statement From CEO of HYCM
This is what Stavros Lambouris who is the CEO of HYM had to say about the recent announcement: “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”.