CMC Markets Expands Cryptocurrency Offering to include BCH, LTC and XRP

CMC Markets, one of the big players in the retail trading space, announced on Monday that it has expanded its cryptocurrency spread betting and contracts for difference (CFD) offering. Now, traders have access to three more coins - Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term cash, litecoin, and ripple.

Clients of the broker can now take a position on the three virtual currencies paired against the US dollar. The additional coins build upon CMC Market’s existing cryptocurrency offering, which at launch, consisted of bitcoin and ethereum.

CMC Markets Remains Committed to Virtual Currencies

Back in March this year, the UK-based broker launched its cryptocurrency offering, joining the ranks of foreign exchange and CFD brokers to add virtual currencies to its repertoire. Originally, the firm only offered this new asset class to its institutional clients.

However, in June, Finance Magnates reported that CMC Markets had extended its cryptocurrency spread bet and CFD offering to its retail clients. This meant retail investors could also take a position on bitcoin and ethereum paired against the US dollar.

Commenting on the expansion, David Fineberg, Group Commercial Director, said: “since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum. We are pleased to offer them the chance to take a position on bitcoin cash, litecoin, and ripple, three altcoins which continue to generate much speculation among traders.

“Spread bets and CFDs offer a way to trade on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange. However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”