Better late than never.
Long after most of its UK online trading rivals launched cryptocurrency trading, CMC Markets Plc (LON:CMCX) has announced that it will launch CFD and spread betting on the original bitcoin and ethereum cryptocurrencies paired against the US dollar.
However, the crypto offering will only be available at CMC (at least initially) to its “Professional Client Base”.
CMC didn’t specify what level of leverage, if any, would be offered clients in crypto CFD trading.
Grant Foley, chief operating and financial officer at CMC Markets commented:
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.
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.