CMC Connect announced on Tuesday that it has partnered with UK-based financial services company Revolut.
In a statement, CMC Markets CEO Peter Cruddas said the partnership means Revolut can add the full suite of CMC Connect products.
“The partnership facilitates back-to-back trading with Revolut, along with a complete back-end integration, providing their customers with access to the CMC Markets Connect trading universe,” said Cruddas.
“FX, Index, Commodities, Treasuries and Equity CFDs will be offered initially, with the ability to support other asset classes in the future as the relationship develops and matures. I would like to thank the Revolut team for their trust and faith in our technology and team.”
Although there was little elaboration on the matter from Revolut, if the company does add CFDs, it would make them the biggest new market entrant in some time and potentially the most serious challenger to existing players in the industry.
Revolut already has a crypto license in Cyprus and a securities license issued in Lithuania.
