Crypto CFDs (Contracts for Difference) enable you to speculate on the price movements of popular cryptocurrencies, such as Bitcoin and Ethereum, without needing to own the underlying digital assets. This provides the flexibility to potentially benefit from both rising and falling markets, though it‘s crucial to acknowledge the significant volatility and leveraged nature of these products.
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Other than the 1,600 cryptocurrencies that are listed on major, middle-sized and specialist exchanges, Bitcoin is the largest cryptocurrency in market capitalisation, with an estimated market cap of USD 673 billion in early 2021. Ethereum is the second-largest at $177 billion, and Tether is the third-largest at $27 billion, having recently moved above Ripple’s XRP.
No, CFDs are derivative products. Crypto CFD trading means assuming a financial position on the price direction of individual cryptocurrencies against the dollar (in crypto/dollar pairs) without owning cryptocurrency. Crypto CFDs are a trendy way to trade cryptocurrencies as they allow for greater flexibility, the use of leverage and the ability to take short and long positions.
Our platforms offer crypto CFD trading 24 hours a day, 7 days a week between Monday at 0:00 and Sunday 24:00 server time.
A hedged margin for crypto CFD positions is typically based on the net exposure of your combined long and short trades. This approach often results in a reduced margin requirement, as the risk is partially offset across the positions.
Yes, trading cryptocurrency CFDs are considered highly volatile and carry significant risk. Their prices can experience rapid and unpredictable fluctuations, leading to the potential for substantial losses.
Cryptocurrency prices are primarily influenced by supply and demand dynamics, market sentiment and regulatory news. Technological advancements within blockchain networks and broader economic events also play significant roles.