CMC Markets, a leading retail and institutional foreign exchange trading broker, has expanded its cryptocurrency spread betting and contracts for difference (CFDs) offering across its retail client base.
The offering follows the broker’s exclusive launch of cryptocurrency spread bets and CFDs to its professional client base in March. The extended offering will now allow clients to take a position on the original bitcoin and ethereum cryptocurrencies paired against the US dollar.
David Fineberg, Group Commercial Director, commented:
“Since successfully launching our cryptocurrency offering in March to our professional clients, we have received increasing interest and demand from our retail client base to trade this unique digital asset class. Our clients have expressed an interest in trading on the two more established cryptocurrencies – bitcoin and ethereum – so we are pleased to offer them the opportunity to trade these cryptocurrencies.“
“Spread bets and CFDs offer an attractive way to trade cryptocurrencies, giving clients the opportunity to trade on price movements without having to buy the currency outright. Adding cryptocurrencies to our portfolio of financial instruments allows clients to take a position with an established provider where funds can be deposited or withdrawn with ease, and the risks of purchasing cryptocurrencies directly through an exchange can be avoided. Like all other financial instruments we offer, we always recommend that clients understand the risks and conduct thorough research before trading”, Fineberg added.
Most recently, CMC Markets has enhanced its Next Generation trading platform with improvements and new features, many of which have been requested directly from clients such as pop-out charts, quick search, and pending orders on charts. The broker also announced a partnership with machine learning firm Tradefeedr to improve trading analytics and intelligence around liquidity management.
CMC Markets Institutional, the B2B face of the financial derivatives dealer, partnered with oneZero Financial Systems in March 2018 to enable the dissemination of its multi-asset liquidity feed to a wider range of accredited counterparties, using a seamless automated solution for market connectivity and price distribution.