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CMC welcomes Litecoin, Bitcoin Cash, and XRP to its platform

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CMC Markets, a trading company based in Queens Land (UK) has announced to add three new cryptocurrencies Litecoin, Bitcoin Cash and XRP respectively to its platform. The firm offers a wide variety of opportunities for its users. More than three hundred global currencies, classic commodities such as oil gold, and silver, company shares, treasury notes, gilts, and bonds. They basically offer all kinds of traditional financial instruments, even spread bets.

Last March, CMC added Bitcoin and Ethereum to the mix of products they offer and, now, they decided to support three new virtual currencies in their platform (as noted above): Litecoin, Bitcoin Cash, and XRP.

Mr. David Fineberg who happens to be the Director of Group Commercial for CMC, has this to say about the company’s new move:

“Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum. We are pleased to offer them the chance to take a position on bitcoin cash, litecoin and ripple, three altcoins which continue to generate much speculation among traders.”

Fineberg also added,

“Spread bets and CFDs offer a way to trade on cryptocurrencies as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange. However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”

This news is very important because we’re not talking about a crypto exchange at all, but about a traditional financial company that is adopting digital assets and bringing them into the mainstream. CMC’s clients are not crypto enthusiasts but people who try to make money using the company’s web platform through financial resources, instruments, and tools that are very old.

The company’s latest decision is part of its new approach to be innovative.

For instance, last June CMC trained Alexa to give its clients the latest financial news. headlines, articles, relevant tweets and market data. It’s the first provider in the market that has made on-demand insights in this particular way. The magic words are “Alexa, open CMC markets.”

A month later it brought crypto spread betting to its platform and they are now increasing the number of crypto coins they offer to their clients.

CMC is a company that seeks to empower traditional investors through the use of technology, and they’ve seen the writing on the wall: Crypto is the next wave. Because they are very keen on technological advances, including some of the most interesting digital assets in the world was, probably, an easy decision for them.

The company’s position on technology was also clarified by Mr. Fineberg:

“At CMC Markets we recognize the power of technology, so we continue to invest in a range of services to be a leader in this space. This is why we have taken proactive steps to ensure that we are the first trading company to fully utilize the potential of this software”

David Fineberg concluded saying,

“We are excited by how traders are engaging in the digital age, and the CMC Markets Skill we have developed is part of our ongoing strategy to enhance the overall experience of our clients by providing them with the information they need, when they need it.”

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Davidlee770924/Pixabay

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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