BEDMINSTER, N.J. and LONDON, Dec. 1, 2017 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company"), today announced the launch of Bitcoin trading on City Index, its FCA regulated service in the U.K.
"Cryptocurrencies are one of the most exciting trends shaping today's markets. We are pleased to provide our clients with the ability to trade Bitcoin through an established, regulated firm, without the need to set up a digital wallet or execute through a Bitcoin exchange," commented Glenn Stevens, Chief Executive Officer of GAIN Capital. "We are excited to expand our offering for City Index customers, who can now trade cryptocurrencies along with more than 12,000 other markets, including FX, indices, commodities, equities and rates."
City Index U.K. customers can trade Bitcoin either as a spread bet or as a contract for difference (CFD), with access to competitive spreads, margin and financing, as well as the ability to take both long and short positions. GAIN Capital has established liquidity relationships with multiple Bitcoin exchanges and uses these leading exchanges to produce a volume-weighted average price that is reliable and transparent.
The Company plans to roll out Bitcoin trading to its City Index customers globally over the coming quarter, as well as expand the offering to its FOREX.com customers in select markets before the end of the year.
GAIN Capital Holdings, Inc. provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions. For further company information, visit www.gaincapital.com.
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SOURCE GAIN Capital Holdings, Inc.