FX Choice, a regulated forex broker in Belize, just added XRP to its trading platform.
“We are pleased to announce that clients may now deposit and withdraw XRP (Ripple coin).
For those unaware, XRP (Ripple) is currently one of the top five cryptocurrencies in terms of market capitalization. Ripple is the name for both a digital currency (XRP) and an open payment network within which that currency is transferred. It is a distributed, open-source payments system.
To deposit XRP, you’ll need to open an XRP-denominated account with us.”
FX Choice offers traders a place to buy and sell foreign currencies, a market currently valued at more than $5 trillion.
By adopting crypto, the company is following a trend of traditional forex brokers jumping on the crypto bandwagon by providing customer access to the worldwide digital assets marketplace. The world’s second largest forex broker, FOREX.com, also offers XRP and Bitcoin trading. SimpleFX and NordFX have also entered the crypto market.
The move gives the companies a new way to expand their audience and present more traditional investors with a way to enter the crypto scene on a familiar platform.