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CMC adds Bitcoin, Ether CFDs, spread betting to portfolio

 CMC Markets, a major global forex and CFD broker, has finally joined the ranks of regulated forex brokers that offer CFDs on cryptocurrencies and will offer such products and spread betting on the two largest cryptocurrencies by market cap – Bitcoin and Ether.

 

For the time being, the new instruments will be available only to its “professional client base”. There is no further information on the trading conditions on those CFDs either.

 

“With the cryptocurrency market growing rapidly over the past 12 months, we have received significant interest from our clients for bitcoin and ethereum CFDs. As a result, we have developed a new offering for this unique digital asset class. We recognise that cryptocurrencies can be regarded as a volatile market, so we are initially only offering trading, on an exclusive basis, to our experienced professional client base”, said Grant Foley, chief operating and financial officer at CMC Markets. “We have built our bitcoin and ethereum cryptocurrency offering with our clients in mind. Like all other financial instruments we offer, we always recommend that clients understand the risks and conduct thorough research before trading.”

 

CMC Markets is a major UK-based forex and CFD broker. It offers over 10 000 tradable instruments, including over 300 forex pairs and CFDs on commodities, shares, indices, ETFs and treasuries. The broker serves both retail and institutional traders. It and its subsidiaries have licenses from UK’s Financial Conduct Authority (FCA) and the Gambling Commission, as well as from the Australian Securities and Investment Commission (ASIC), New Zealand’s Financial Markets Authority.

 

Apparently CMC Markets has taken its time to add cryptocurrency derivatives to its portfolio, after many of its FCA-regulated peers like Plus500, eToro, Admiral Markets and City Index did so a while ago.

TAGS: cmc markets  bitcoin  ether  cfd 

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