More

    CMC Markets Adds Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC) to Crypto Trading Product

    UK-based financial derivatives provider and specialist in spread betting has recently added Bitcoin Cash [BCH], Litecoin [LTC] and Ripple [XRP] to its CFD Trading.

    A contract for difference (CFD) is a way in which investors can trade. In particular, it is a type of derivative trading that permits investors to predict or assume the rising and falling prices of instruments such as shares, commodities, currencies and many others.

    The new addition of cryptocurrencies on CMC Markets’ part has just expanded its CFD product as it already contained Bitcoin [BTC] and Ethereum [ETH]. What started off as an endeavor that targeted institutional clients only has been to open to retail clients as of June of this year – which means that they too can take a position on trading cryptocurrencies against USD.

    According to the Group Commercial Director, David Fineberg, the launch to both institutional and retail clients has been an immense success to the point where said clients have, “expressed interest in extending their trading options beyond bitcoin and ethereum,” hence the reason for the additional three currencies to date.

    Fineberg further explained the benefits of spread bets and CFDs by noting that they give investors the opportunity to test the waters without too much of the risks attached. In particular, he said:

    “By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange […] We recommend clients understand the risks and conduct thorough research before trading.”

    While benefits do exist, investors who take part in CFDs also need to realize that they are high-risk speculative products, which means that the nature of cryptos (i.e. volatile) and trading on margin could result in losses. Similarly, market volatility can have great influence on prices, which can be good and bad depending on the investor’s able to enter or exit on time.

    To learn more on spread betting and CFDs, check out: https://www.cmcmarkets.com/en-ca/

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,366FansLike
    2,783FollowersFollow
    4,135FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    National Internet Finance Association of China Warns Against Manipulative Crypto Exchanges

    The National Internet Finance Association of China(NIFA) has issued a warning for investors who have been associated with the crypto-verse about the growing risks...

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.