CMC Australia Introduces Round-the-Clock Crypto CFD Trading

CMC Markets' Australian division has announced the launch of 24/7 trading for its cryptocurrency Contracts for Difference (CFD) offerings, effective March 29th. This move allows clients in Australia to trade CFDs on popular digital assets like Bitcoin, Ethereum, XRP, and Cardano at any time, including weekends and outside of traditional trading hours.

In a statement on LinkedIn, the company highlighted that clients can now "trade all your favorite crypto CFDs such as Bitcoin, Ethereum, XRP, Cardano, and more anytime, anywhere." The announcement also pointed to "ultra-tight spreads from $35 USD on Bitcoin" and access to over 35 different cryptocurrencies.

Alongside the introduction of continuous trading, CMC Markets Australia is also expanding the range of underlying cryptocurrencies available for CFD trading. Furthermore, the company has reportedly reduced spreads and improved margin rates for these digital assets, with Bitcoin spreads starting from $35 USD for Australian clients. This development follows CMC Markets' recent global expansion, including the opening of a new office in Bermuda after securing a license from the Bermuda Monetary Authority (BMA) to conduct investment and digital asset business. Benjamin Charbonneau, Global Head of Retail at CMC, stated regarding the Bermuda expansion, "We have invested in verification technologies and developed a fully scalable platform, ensuring seamless onboarding and delivery of our industry-leading products."