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Binary options and forex provider Core Liquidity Markets now enables trading on the Chinese Yuan or Renminbi.

The company recently launched its IB program. For more details, here is the official press release:

Core liquidity markets an established name when it comes to providing Forex and binary options trading now offers trading on the Chinese RMB. The USD CNY pair is made available and streamed to the MetaTrader 4 system provided by Core Liquidity Markets.

Michael Markarian Managing Partner of Core Liquidity Markets said, “for years we have had ever increasing demand for this product and we are truly excited to finally provide trading on the Chinese RMB for our clients.”

The Chinese currency or the Yuan has appreciated over 34% against the US dollar over the past eight years. Many experts anticipate that the Chinese Yuan may become one of the top three global traded currencies by 2015.

The growth in trading volumes should also get a boost as the Yuan becomes fully convertible. Officials in Beijing have been loosening controls for the currency and earlier in this year Australia and China reached an agreement that their currencies could be directly exchangeable. The AUD joins the USD and JPY as the three currencies which are currently fully convertible. There are plans to have Thailand, South Korea, Pakistan and other countries join this list.