CMC Markets To Launch Three More Crypto Indices; Major, Emerging And All Crypto Index
Yet again, CMC Markets is increasing its crypto offering. CMC Markets, the spread betting and Contracts for Difference giant, announced on Tuesday that it would be offering three more crypto indices.
With the new cryptocurrency indices, the platform’s customers will conveniently spread their bets and trade CFDs, making their choices from the three. Each of the indices is exclusive to CMC Markets, an attribute which essentially will give the clients a reason to stick to it. Further, every index is made up of both the major and the burgeoning digital assets.
All three bespoke indices will give CMC Markets absolute control of what each comprises of, besides allowing them total transparency in pricing. According to the UK-based, FCA-regulated firm, the three will consist of Emerging Crypto Index, Major Crypto Index, and All Crypto Index.
List of Cryptos Include The Major Ones As Well As The Emerging Altcoins
Cryptocurrencies under the Emerging Crypto Index will include Tron, EOS, Monero, Dash, NEO, Stellar Lumens, and Cardano. Those of the Major Crypto Index will consist of Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. However, All Crypto Index, as the name insinuates, will be made up of all the coins in the two, although they’ll be weighted to ensure coin uniformity.
According to the Deputy Chief Executive Officer at CMC Markets, David Fineberg, digital coins are gradually attracting the attention of traders, especially right now. This, he says, is attributed to the price movements witnessed since the turn of the year.
He said that the three new indices would, thus enable their customers to handle several cryptocurrencies at a go. By doing so, traders will benefit from both the order minimums set and the slashed transactional costs.
Fineberg also stated that their proprietary Next Generation trading hub is designed to suitably accommodate every client’s requirements basically using CMC Market’s cutting-edge products. He said they’ll continue giving an easier route to tools that suit the needs of the current crop of traders.
CMC Markets Seems Determined to Dive Deeper into Crypto
CMC Markets is a year and a couple of months since introducing the first crypto derivative in its assortment, having added the first one in March 2018. The continued expansion, as evidenced by the three new indices and the new coins, is a testament to the platform’s success. Dash, Cardano, Tron, NEO, Stellar Lumen, and EOS are the latest digital assets in the list, and they are intended to help bring diversification and give the clients a bigger pool to choose from.