News 30 Years Old World Leading Trade Platform CMC Launches...

30 Years Old World Leading Trade Platform CMC Launches XRP Trading

-

- Advertisment -

CMC Markets has announced the launch of Ripple’s XRP on its cryptocurrency trading platform launched in May, 2018.

Launched in 1989, CMC Market has been one of the world’s leading CFD and spread betting providers. Early May, the online trading platform said it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies due to increasing interest from users of the platform.

CFDs and binary options are regarded as financial products that open investors to price movements in securities despite not having the underlying assets like stock, commodity or currency. In the announcement, cryptocurrency trading features would be made available to CMC’s professional client base.

The decision by CMC to join the cryptocurrency trading community was geared by its rival Plus500 Ltd which proclaimed that the hype around cryptocurrencies resulted in its customers getting interested in crypto day by day.

The launch of Ripple’s XRP, among other cryptocurrency on the platform means a lot to both CMC Market and the cryptocurrency community at large.

One, XRP is the 3rd largest cryptocurrency and it is among the major digital currencies with increasing adoptions. Launching on CMC Market means more trade for the platform while it will also increase the adoption of XRP in the United Kingdom where CMC is based.

XRP has been receiving series of development after Ripple launched a settlement tool branded as xRapid. The tool is seen as the beginning of unending developments to the cryptocurrency for the fact that it solely depend on XRP for cross-border settlement.

When it was officially launched, series of fintech companies announced they are deploying the settlement system. As we speak now, xRapid is one of the major tools that would be used in remittance settlement to Philippine.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...
- Advertisement -30 Years Old World Leading Trade Platform CMC Launches XRP Trading

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

How has Bitcoin of America Changed the Cryptocurrency Industry?

Who is Bitcoin of America? Bitcoin of America is a U.S. based digital currency...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when...
- Advertisement -30 Years Old World Leading Trade Platform CMC Launches XRP Trading30 Years Old World Leading Trade Platform CMC Launches XRP Trading

You might also likeRELATED
Recommended to you