UK’s Launches Cryptocurrency Trading In Their Market

Spread the love

Online trading platform  CMC Markets Plc said on Thursday it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies following significant interest from its users.

Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015.

CFDs and binary options are financial products that give an investor exposure to price movements in securities without actually owning the underlying assets such as a currency, commodity or stock.

The trading feature would only be accessible to CMC’s professional client base, the company said. (goo.gl/cTQU29)

CMC’s move to cryptocurrency trading follows that of its rival Plus500 Ltd and comes in the backdrop of a sector-wide regulatory clamp down on CFDs trading.

Last month, Plus500 said the hype around cryptocurrencies drew more customers to its trading platforms and the company forecast 2018 revenue “significantly ahead” of market expectations.

Bitcoin, one of the most popular cryptocurrencies, soared by more than 1,000 percent in 2017, but has already lost about half of its value this year amid mounting calls for a regulatory crackdown.

Alphabet Inc’s Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams.

About s4blog

Getting thanks for visiting this website. I'm a professional blogger! I also welcome new article for posting on my blog. :)

View all posts by s4blog →

6 Comments on “UK’s Launches Cryptocurrency Trading In Their Market”

  1. hi!,I really like your writing so so much! proportion we keep in touch more approximately your article on AOL? I require an expert on this house to unravel my problem. Maybe that’s you! Looking ahead to look you.

  2. hello everyone. I am planning to start a website with my partner in Australia. But now, later, we get know that a website with the same concept is already exist in UK and they have patent themselves. so does this can cause us a problem. second thing is how we can set the term and conditions and privacy policy. I would be very grateful for your response. thank you.

  3. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  4. whoah this blog is magnificent i really like studying your posts. Stay up the great work! You recognize, a lot of persons are searching around for this info, you could help them greatly.

  5. Wow, this articlepostpiece of writingparagraph is nicepleasantgoodfastidious, my sisteryounger sister is analyzing suchthesethese kinds of things, sothustherefore I am going to tellinformlet knowconvey her.

  6. I would like to express my admiration for your kind-heartedness for those who must have help with this one field. Your real dedication to getting the solution all through became exceptionally invaluable and has surely enabled ladies just like me to achieve their goals. Your useful guideline denotes this much to me and even further to my office workers. Thank you; from each one of us.

Leave a Reply

Your email address will not be published. Required fields are marked *