Which cryptocurrencies are commonly traded as CFDs instead of shares?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the most commonly traded cryptocurrencies as CFDs is Bitcoin. As the first and most well-known cryptocurrency, Bitcoin attracts a lot of attention from traders looking to speculate on its price movements without actually owning the underlying asset. Other popular cryptocurrencies traded as CFDs include Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies are often chosen for CFD trading due to their liquidity and market capitalization.
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• Dec 18, 2021 · 3 years ago
  CFDs offer traders the opportunity to profit from the price movements of cryptocurrencies without actually owning them. This can be advantageous for several reasons. Firstly, CFDs allow for leveraged trading, meaning traders can open larger positions with a smaller amount of capital. Secondly, CFDs can be traded on margin, which means traders can potentially earn higher returns on their investment. Lastly, CFDs provide the flexibility to go long or short on a cryptocurrency, allowing traders to profit from both rising and falling markets.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we offer a wide range of cryptocurrencies that can be traded as CFDs. Some of the popular cryptocurrencies available for CFD trading on our platform include Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. Our CFD trading platform provides traders with access to real-time market data, advanced charting tools, and a user-friendly interface. Whether you're a beginner or an experienced trader, BYDFi is committed to providing a seamless and secure trading experience for all our users.
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