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Forex Broker FXCM Launches Basket of 5 Cryptos for Retail Investors
Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors.
Updated Sep 13, 2021, 11:34 a.m. Published Oct 14, 2019, 12:45 p.m.
Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors.
Dubbed CryptoMajor, the basket product includes bitcoin , XRP, , and ethereum , which are equally weighted to protect against market volatility, the firm said in an announcement Monday. The five cryptos are already traded on its platform.
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Speaking on launch, CEO Brendan Callan said the product simplifies crypto investment for retail users:
“Trading a basket of cryptocurrencies means our users are freed from the hassle of constantly monitoring the markets. CryptoMajor therefore streamlines the trading process and protects our customers from unanticipated and adverse market movements.”
The product is targeted at customers seeking to enter the nascent crypto market, Callan said, but who "don’t want to risk too much overexposure.”
Under its previous owner, Global Brokerage, Inc, FXCM notably lost its license with the Commodity Futures Trading Commission, in addition to receiving a $7 million fine, for trading against its own customers in 2017, according to the Financial Times.
After two of the company’s founders were banned from the U.S. financial industry, the London-based company exited the U.S. market. It's now majority owned by Leucadia Investments, part of the Jefferies Financial Group, according to the FXCM website.
Trading chart image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Storage token Filecoin rises on heavy volume
Trading activity was more than double the token's 30-day average, signaling heightened investor participation.
Yang perlu diketahui:
- FIL rose from $1.52 to $1.60 over a 24-hour period
- Trading volume was 109% above the 30-day moving average.
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