CMC Markets, a UK-based financial derivatives, spread betting, and contracts for difference dealer [CFDs], has now added XRP, Bitcoin Cash [BCH] and Litecoin [LTC] to its cryptocurrency offering.
Traders can now trade on CMC using the additionally added altcoins paired against the US dollar. The company had only offered Bitcoin [BTC] and Ethereum [ETH] when it was first launched.
The news was announced earlier today on their twitter page:
Group Commercial Director of CMC, David Fineberg, said:
“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. We are pleased to offer them the chance to take a position on Bitcoin Cash, Litecoin and Ripple [XRP], three altcoins which continue to generate much speculation among traders.”
CMC, headquartered in London, has more than 12 hubs around the world and is listed on the London Stock Exchange. The financial service giant has about 59,000 clients and a market cap of $341 million.
Fineberg also warned the users to undertake a thorough research and said:
“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 By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange.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.”
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