HYCM has expanded its cryptocurrency suite with Ethereum and Litecoin to include ETH/USD and LTC/USD.
Multi-regulated global broker, HYCM, has expanded its list of trading instruments with two further altcoins, Ethereum and Litecoin, adding ETH/USD and LTC/USD to its cryptocurrency suite. The move follows the recent introduction of Bitcoin trading with the BTC/USD pair following an increased demand from clients.
The cryptocurrency economy has grown massively over the last few months with most blockchain assets traded across the globe up considerably. Bitcoin prices have risen more than 300% year-to-date and despite recent volatility, it has retained the majority of these gains with prices currently flying high around the $4,000 mark. It has thus proved a highly attractive proposition to traders. 
Litecoin is an open source, global payment network which enables instant, near-zero cost payments to anyone in the world. Like Bitcoin, Litecoin is generated by mining but can handle a higher volume of transactions due to its faster block generation.
Along with Bitcoin, Ethereum prices have risen dramatically in recent time, in this case by as much as 5,000% percent since January 2017 as appetite for digital assets continues to grow. Ethereum, currently trading at around $324, is now ranked the second-largest cryptocurrency by market capitalisation and is worth $30.57 billion versus bitcoin’s $68.84 billion valuation.
Litecoin prices have also climbed in recent times, currently taking the number six spot in the list of the world’s most valuable cryptocurrencies. Presently trading against the US dollar at $47 with a $2.47 billion market cap, Litecoin is one of the few cryptocurrencies to have remained fairly stable during market volatility.
The recent boost in the market capitalisation of cryptocurrencies reflects the continuing interest in blockchain technology. The company’s decision to expand its cryptocurrency CFD offering follows the impressive returns recently generated and increased demand from its clients wishing to capitalise on their performance without needing to physically purchase them. HYCM is one of the first brokers to offer traders a range of cryptocurrencies, reinforcing its position as one of the industry’s leading brokers.