How does spread betting on digital currencies differ from traditional currency trading?

1 answers

• Dec 18, 2021 · 3 years ago
  At BYDFi, we believe that spread betting on digital currencies offers a unique way for traders to engage with the market. Unlike traditional currency trading, spread betting allows traders to speculate on the price movements of digital currencies without actually owning them. This means that traders can potentially profit from both rising and falling prices. Additionally, spread betting offers leverage, allowing traders to control larger positions with a smaller amount of capital. However, it's important to note that spread betting carries a high level of risk and may not be suitable for all traders. It's crucial to thoroughly understand the risks involved and to trade responsibly.
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