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Trading firm soars 20% as cryptos boost profits

Published 01/03/2018, 08:00 AM
© Reuters.  Trading firm soars 20% as cryptos boost profits
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  • Israeli-based Plus500 (OTC:PLSQF) announced record quarterly revenues in Q4 and the addition of 246K customers, in part thanks to its cryptocurrency offerings.
  • The company offers "contracts for difference" (essentially derivatives) on thousands of financial instruments, including cryptos.
  • Shares are higher by 21% in London action.
  • The news could be of interest to exchange operators like CME Group (NASDAQ:CME) and CBOE Holdings (NASDAQ:CBOE), as well as brokers like TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC), and Interactive Brokers (NASDAQ:IBKR) offering access to those exchanges' Bitcoin futures contracts. E*Trade is higher by 2.4% premarket as it expands its Bitcoin offering from just the CBOE to the CME as well.
  • Also taking note would be Gain Capital (NYSE:GCAP), which is soon set to globally roll out its crypto trading platform. GCAP +0.75%.
  • Now read: The TD Ameritrade Bitcoin Bonus


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