The Australian unit of CMC Markets in Australia has launched 24/7 crypto CFD trading to enable clients to access digital assets at any time.
Bitcoin, Ethereum, XRP, Among Others
The company’s latest expansion allows traders to buy and sell contracts for difference (CFDs) on Bitcoin, Ethereum, XRP, Cardano, and more without weekend or after-hours restrictions.
“Starting from March 29, you can trade all your favorite crypto CFDs such as Bitcoin, Ethereum, XRP, Cardano, and more anytime, anywhere. Unlock ultra-tight spreads from $35 USD on Bitcoin and get access to 35+ cryptocurrencies,” the company mentioned on LinkedIn.
In addition to 24/7 trading, CMC Markets is expanding its selection of underlying cryptocurrencies for CFD trading. It has also reduced spreads and improved margin rates for digital assets. Australian clients trading on CMC Markets can reportedly access spreads starting at $35 USD on Bitcoin.
Expanding Services Globally
In addition to its expansion into the digital asset space, CMC Markets is expanding its services globally. Last week, the company opened a new office in Bermuda after obtaining a license from the Bermuda Monetary Authority (BMA).
The latest approval enables the broker to conduct investment business and digital asset business. “We have invested in verification technologies and developed a fully scalable platform, ensuring seamless onboarding and delivery of our industry-leading products,” Benjamin Charbonneau, Global Head of Retail at CMC, mentioned
Early this year, CMC Markets reaffirmed its full-year net operating income for the period from October 1 to December 31, 2024. The London-based broker reported £19.9 million in investment net revenue and £23.4 million in interest income. This resulted in total net operating revenue of £177.4 million, a 45% YoY boost.
“We remain confident in meeting the guidance set earlier this year, with net operating income expected to be in line with market consensus, supported by a strong pipeline of B2B partnerships and ongoing product expansion and diversification,” said Peter Cruddas, the CEO of CMC Markets.
