- 27 June 2019 14:00
CMC Markets launches exclusive range of cryptocurrency indices
Sydney, 27 June 2019: CMC Markets, one of Australia’s leading contracts for difference (CFD) providers, has launched three new cryptocurrency indices for CFD traders.
The three new indices combine a range of ‘major’ and ‘emerging’ coins, offering investors an efficient and cost-effective way to access the wider cryptocurrency market without having to trade multiple, individual coins. This allows clients to diversify their cryptocurrency trading strategy, spreading risk through exposure to a bundle of different coins.
Matthew Lewis, Head of CMC Markets APAC, commented: “In recent months we’ve seen growing investor appetite for cryptocurrencies, and we’ve responded to this demand by expanding our offering with these three new indices. Our indices provide an opportunity for more traders to get involved in all ranges of the cryptocurrency market that limits the single coin volatility risks that may have been a barrier in the past.”
CMC Markets’ Major Crypto Index includes bitcoin, ripple, bitcoin cash, ethereum and litecoin. The Emerging Crypto Index is based on dash, EOS, monero, NEO, stellar lumens, cardano and TRON. A third index, the All Crypto Index, combines all of the above constituents and uses a bespoke weighting methodology to avoid dominance by any one coin.
For more information, please visit:
About CMC Markets CMC Markets plc. (CMCX), was established in 1989 and through regulated offices and branches in 14 countries is now one of the world’s leading independent financial services providers. CMC Markets is now the second largest retail stockbroker in Australia*. Through our award-winning, online and mobile trading platforms, we enable clients to trade over 10,000 financial instruments including contracts for difference (CFDs), foreign currencies (FX), Binaries and Countdowns, electronically traded funds (ETFs), shares, mFunds (unlisted managed funds), options, listed managed investments, warrants and interest rate securities. In 2019, CMC Markets Stockbroking was named Canstar’s Online Share Trading Broker of the Year for the ninth consecutive year. Please see our website for more information www.cmcmarkets.com.au
*As reported by IRESS, in terms of total value of trades executed by both CMC Markets and ANZ Share Investing
Media enquiries: For more information please contact DEC PR on +61 2 8014 5033 or email@example.com