CMC Markets, an online financial trading company, announced today that is has extended its cryptocurrency spread bet and CFD offering to its retail clients. Previously, this was only available to the UK-based broker’s professional clients.
Retail clients now join the ranks of the firm’s professional clients. Following the extension, they can now take a position on bitcoin and ethereum cryptocurrencies paired against the USD.
According to the statement, the broker decided to offer its retail clients the opportunity to trade the digital asset classes due to an increase in interest and demand for its client base. In particular, the interest was particularly focused on the two most established cryptocurrencies – bitcoin and ethereum.
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Commenting on the extension, David Fineberg, Group Commercial Director said: “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of financial instruments allows clients to take a position with an established provider where funds can be deposited or withdrawn with ease, and the risks of purchasing cryptocurrencies directly through an exchange can be avoided.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.”
On its platform investors can trade numerous assets. This includes more than 330 forex pairs, 90 plus indices, bitcoin, ethereum, and commodities. The company serves both retail and institutional clients. It has regulated offices in 15 countries around the world. It’s largest operations are in the UK, Australia, Germany, and Singapore.
CMC Markets continues to expand its product offering
CMC Markets has been continuously expanding its product offering. In June this year, Finance Magnates reported that the broker had added a new voice-controlled utility – CMC Markets Skill. The aggregation tool compiles news headlines, articles, analyst tweets, and other market data.