GAIN Capital Holdings, Inc. (NYSE: GCAP) strengthened on Friday markets after the company announced it has expanded its cryptocurrency offerings to include Ethereum, Litecoin, Ripple and Bitcoin Cash.
The company, based in Bedminster, New Jersey, boasts of its statust as a global leader in online trading. GAIN announced Thursday the continued rollout of the Company's cryptocurrency offering, with the recent launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the U.K., Europe, Australia and Singapore on the Company's FOREX.com and City Index services.
A news release out Thursday adds GAIN has also expanded its Bitcoin offering, allowing customers to trade Bitcoin directly against the Euro (BTC/EUR), British pound (BTC/GBP) and Australian dollar (BTC/AUD), in addition to the U.S. dollar.
According to CEO Glenn Stevens,"Aligned with our strategy to invest in organic growth and enhance our product offering, the addition of Ethereum, Litecoin, Ripple, Bitcoin Cash and additional Bitcoin pairs enhances our crypto offering to include the most popular digital currencies and further differentiates our service, where traders can access over 12,000 markets, including FX, indices, commodities, equities and rates."
GAIN offers cryptocurrency trading either as an over-the-counter (OTC) derivative or as a future, allowing traders to speculate on price movements without owning the underlying asset.
GAIN shares approached noon ET on Friday up seven cents, or 1%, to $7.06, within a 52-week trading range of $5.56 to $13.26.
