Brokerage group CMC Markets has launched 24/7 crypto trading for clients in Australia and other regions where the derivatives product is permitted.
The company went live with the product over the weekend as part of a wider push to improve its crypto CFD offering.
Clients trading with the broker’s Australia-regulated entity, for example, can now access crypto CFD trading 24 hours a day.
CMC Markets has also expanded the number of underlying cryptocurrencies that users can trade via a CFD. The broker also improved its margin rates and spreads for digital assets trading.
Unlike the UK, Europe and Australia have not banned crypto derivatives trading for retail clients. However, margin rates are low, with clients only able to access 2:1 leverage.
CMC Markets’ Australian entity has offered physical crypto trading since 2023 and is the only group entity that does so.
Revenue from the London-listed firm’s activities in Australia are the biggest geographical contributor to overall group revenues.
In the company’s 2024 financial year, Australian clients generated £109.4m in revenue, compared to £92.3m from the UK and £332.7m for the company as a whole.