Amidst red-hot cryptocurrency demand, CFH Clearing has become the latest venue to offer liquidity in Bitcoin trading through FIX and MetaTrader 4 (MT4). The group’s initial offering entails Bitcoin contracts-for-difference (CFDs), with an expanded cryptocurrency suite already planned.
Bitcoin CFDs and other cryptocurrency instruments have caught on fire in both the retail and institutional space. With high volatility and recently seen peaks, cryptocurrencies have quickly become a staple element of many offerings. On CFH Clearing’s part, the new offering will feature a CFD product without the need for clients to maintain a wallet.
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Matthew Maloney, CEO, CFH Clearing, commented: “With demand for Bitcoin at an all- time high, we wanted to offer much more than a cryptocurrency price feed to clients but provide a venue for them to offload some of the risk, too.”
CFH Clearing has its sights already set on other cryptocurrencies as well, and while liquidity will only include Bitcoin initially, the group will soon be supporting Ethereum, Litecoin and Dash. CFH Clearing can accomplish this feat rather quickly, pending future demand and integration directly with crypto exchanges.
Per the new launch, CFH Clearing’s clients will be able to access crypto liquidity through all proprietary platforms as well as third party technology partners. “Cryptocurrencies are a risky asset and brokers have been struggling with where to hedge them. Our new offering stands out in the market, addressing this issue and creating a very attractive product for our clients,” explained Mr. Maloney.
For CFH Clearing, the rollout represents its second product announcement in as many weeks, having just launched an MT5 platform for its clients.