CMC Markets, , 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 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 , 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, 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.
“Spread bets and CFDs offer a way to trade on cryptocurrencies 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 By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange.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.”
Be First to Comment