Bitcoin Cash has recently added UK-based financial derivative provider and spread betting specialist [BCH], Litecoin [LTC] and Ripple [XRP] to his CFD Trading.
A contract for difference (CFD) is a way in which investors can negotiate. In particular, it is a type of derivatives trading that allows investors to predict or hypothesize the increase and decrease of prices of instruments such as stocks, commodities, currencies and many others.
The new addition of cryptocurrencies on the part of CMC Markets has just expanded its CFD product since it already contained Bitcoin [BTC] and Ethereum [ETH]. What started out as an effort aimed only at institutional clients has been to open up retail clients from June of this year – which means they too can take a stance on the criptovalute trading against. USD.
According to the group's commercial director, David Fineberg, the launch for institutional and retail clients has been a huge success to the point where they have "expressed an interest in extending their trade options over bitcoin and ethereum, "hence the reason for the three additional currencies to date.
Fineberg also explained the advantages of spread and CFD betting by noting that they offer investors the opportunity to test the water without too much risk. In particular, he said:
"By trading with an established supplier, funds can be deposited and withdrawn easily, avoiding the risks of buying cryptocurrencies directly through an exchange […] We advise clients to understand the risks and conduct extensive research before trading. "
While the benefits exist, investors taking part in CFDs must also realize that they are high-risk speculative products, which means that the nature of the encrypted (that is, volatile) and margin trading could cause losses. Likewise, market volatility can have a large influence on prices, which can be good or bad depending on the investor who is able to enter or exit on time.
To learn more about spread betting and CFD, see: https://www.cmcmarkets.com/en-ca/