UK online trading rivals launched cryptocurrency trading, CMC Markets Plc (LON:CMCX) has announced that it has today extended its cryptocurrency spread betting and contracts for difference (CFDs) offer across its retail client base. Clients can now take a position on the original bitcoin and ethereum cryptocurrencies paired against the US dollar.
The latest offering follows CMC Markets‘ exclusive launch of cryptocurrency spread bets and CFDs to its professional client base in March.
David Fineberg, Group Commercial Director, commented:
Since successfully launching our cryptocurrency offeing in March to our professional clients, we have received increasing interest and demand from our retail client base to trade this unique digital asset class. Our clients have expressed an interest in trading on the two more established cryptocurrencies – bitcoin and ethereum – so we are pleased to offer them the opportunity to trade these cryptocurrencies.
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of financial instruments allows clients to take a position with an established provider where funds can be deposited or withdrawn with ease, and the risks of purchasing cryptocurrencies directly through an exchange can be avoided.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.