Bitcoin Cash, Litecoin And Ripple Added To CMC Markets’ Crypto Offeringbr>
UK-based financial derivatives dealer CMC Markets has added three new coins to its cryptocurrency spread betting and contracts for difference (CFD) offering.
Headquartered in London, CMC Markets offers online trading in spread betting, CFDs, and foreign exchange (forex) across world markets. In March of this year, the firm launched CFDs and spread betting offerings for cryptocurrencies following significant interest from its users. At launch, the platform offered bitcoin and ethereum.
In its latest announcement, CMC said that its clients can now take a position on three more coins – Bitcoin Cash, Litecoin and Ripple – paired against the US dollar.
“Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum,” said David Fineberg, Group Commercial Director. “We are pleased to offer them the chance to take a position on Bitcoin Cash, Litecoin and Ripple, three altcoins which continue to generate much speculation among traders.”
Spread bets and CFDs offer an attractive way to trade cryptocurrencies, giving CMC clients the opportunity to trade on price movements without having to buy the currency outright.
“By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange,” said Fineberg. “However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”