CMC Markets Expands Crypto Offering to its Retail Clients

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 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 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.

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of financial instruments allows clients to take a position with an established provider where funds can be deposited or withdrawn with ease, and the risks of purchasing cryptocurrencies directly through an exchange can be avoided.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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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.