BEDMINSTER, N.J., Jan. 8, 2018 /PRNewswire/ -- GAIN Capital
Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company"), a
global leader in online trading, today announced the launch of
Bitcoin trading in Australia and
Singapore on the Company's City
Index branded service, which is regulated by ASIC and MAS,
respectively.
GAIN Capital's Bitcoin offering enables its customers to trade
the value of the cryptocurrency through a highly-regulated, trusted
broker, without the need to set up a digital wallet to take
delivery of and store tokens. GAIN currently offers Bitcoin trading
either as an over-the-counter (OTC) derivative or as a future, both
of which allow traders to speculate on Bitcoin price movements
without owning the underlying asset. Where permitted by regulation,
customers may trade Bitcoin on margin.
"For those who want exposure to Bitcoin, trading the
cryptocurrency as a derivative with a regulated brokerage firm
offers several key advantages over a Bitcoin exchange," commented
Glenn Stevens, Chief Executive
Officer of GAIN Capital. "We view these benefits as: competitive
fees and margin rates, the ability to go long or short, enhanced
price discovery via aggregated liquidity from multiple Bitcoin
market makers and exchanges, and fast trade execution."
The launch in Australia and
Singapore follows the launch of
Bitcoin trading to customers in the U.K. and Europe last month across the Company's City
Index and FOREX.com brands. The Company's Bitcoin futures
offering in the U.S. is available through its Futures Online and
Daniels Trading brands.
GAIN plans to complete the global roll out of Bitcoin trading in
the coming months, introducing Bitcoin trading to its customers in
other markets in Asia and
the United States. The Company
also plans to expand its cryptocurrency offering to include
Ethereum and other digital currencies in early 2018.
About GAIN
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.