CMC Super App Plan Gains Momentum with Three-Phase Rollout

CMC Super App Plan outlines a three-phase strategy to integrate TradFi, DeFi, payments and banking into one unified platform. The company is positioning itself to evolve into a financial “Super App”, a strategy detailed in the London-based broker’s newly released half-year financial report.

CMC Super App Plan Strengthens After Shares Jump 30%

The brokerage, which still derives most of its revenue from contracts for difference (CFD) products, plans to introduce the proposed “Super App” through a structured three-phase rollout.

In the initial phase, set for launch next month in the United Kingdom, CMC will debut a multi-asset platform featuring traditional finance (TradFi) offerings such as equities, derivatives, options, SIPPs, ISAs, wealth solutions and CFDs. The second phase will expand the range further, integrating TradFi and decentralised finance (DeFi) instruments, combining SIPPs and ISAs with tokenised products, stablecoins and CapX investing.

CMC has already tested tokenised stock execution through CMC CapX, its corporate broking division, which helped place the hybrid shareholding. StrikeX represented the issuer in creating a mirror token for the shareholding on the Arbitrum Layer 2 blockchain.

The third and final phase of the Super App will incorporate payments and banking functionalities.

CMC’s ambitions mirror those of other CFD brokers pursuing their own Super App strategies. NAGA, Swissquote, Tradu and XTB have all mapped out or launched similar financial Super App initiatives. Still, these efforts remain far from the scale of China’s Alipay or WeChat, both of which allow users to access numerous services within a single digital ecosystem.

Strong Market Response

CMC Markets closed the April-to-September period with a pre-tax profit of £49.3 million, supported by net operating income of £186.2 million. The broker additionally increased its annual guidance by 10 per cent.

The results triggered a sharp market reaction, with the firm’s shares surging nearly 30 per cent.

At the same time, the company underscored rising interest in its API connectivity, emphasizing that “hundreds of thousands of retail trading accounts [have been] opened over the last year.” Roughly 70 per cent of these newly opened accounts were registered in European jurisdictions where CMC currently has no operational footprint.

While CMC did not directly name any European API partners, Revolut previously entered into an agreement with the broker to offer CFDs, launching services in the Czech Republic, Denmark and Greece.

“One of our API clients’ turnover increased by over 1,000% in a year, and we saw all that flow through the API connection,” CMC stated in its filing. “It was a new business for the bank and new products for their clients, and flows we would not ordinarily have seen without our API capability.”

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