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Cryptocurrency CFDs
Cryptocurrencies are highly volatile, unregulated, decentralized, and a currency that is almost exclusively in the hands of retail speculators. Trade the world’s newest and most exciting CFD assets with an FSA-regulated broker.
Unlike other asset classes (forex, stocks, commodities, etc.), the cryptocurrency market is dominated by retail speculators. You will be trading cryptocurrencies in a market where there is no central bank intervention, interbank dealers controlling the flow of orders, or huge pension funds influencing prices.
The price volatility of cryptocurrencies such as Bitcoin and Ether is mainly driven by news and popular sentiment, namely the fear and greed of retail speculators. Sometimes, changes in these factors can lead to large intraday price swings, making cryptocurrencies an ideal product for aggressive and experienced day traders.
Zinotax cryptocurrency’s CFD product allows traders to trade long or short without holding a cryptocurrency. This means that traders can know the price of cryptocurrencies without worrying about the security risks associated with storing cryptocurrencies and the risks associated with transactions from counterparties. This is similar to trading energy futures, such as oil, rather than owning physical oil to speculate on its price.
Bitcoin CFD
The first and largest cryptocurrency, Bitcoin paved the way for hundreds of similar currencies and boasts a market cap of over $100 billion.
Ethereum CFD
The world’s second-largest cryptocurrency, it is labeled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organizations such as Microsoft, JP Morgan, and Intel.
Dash CFD
Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other cryptocurrencies and therefore displays higher liquidity than many of its counterparts.
Litecoin CFDs
The world’s second-largest cryptocurrency, it is labeled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organizations such as Microsoft, JP Morgan, and Intel.
Bitcoin Cash CFD
Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased the block size from 1 megabyte to 8 megabytes without incorporating SegWit.
Ripple CFD
Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers and has recently experienced a period of growth.
EOS CFD
EOS is a decentralized operating system based on blockchain technology. It is designed to support of decentralized applications on a commercial scale by giving all the required core functionalities.
Emercoin CFD
Emercoin is an open-source cryptocurrency that originated from Bitcoin, Peercoin, and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services.
NameCoin CFD
Namecoin is a blockchain protocol that serves as a naming system. Since Namecoin is a fork of Bitcoin, it is also a cryptocurrency that can be used for peer-to-peer transactions.
PeerCoin CFD
PeerCoin aims to solve the inefficiency problem of the Proof-of-Work that is used by Bitcoin and many other coins using its own Proof-of-Stake system.
Polkadot CFD
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable, heterogeneous, multi-chain technology.
Stellar CFD
Stellar, or Stellar Lumens, is an open-source, decentralized protocol for digital currency to fiat money low-cost transfers that allow cross-border transactions between any pair of currencies.
Chainlink CFD
Chainlink is a decentralized Oracle network and cryptocurrency that provides data to blockchains. It is one of the main sources of data used to feed information to applications in decentralized finance.
Dogecoin CFD
Dogecoin was founded by software engineers Billy Markus and Jackson Palmer, as a payment system. This coin began as a ‘meme coin’ and is now a popular option for traders.
Tezos CFD
Tezos is a decentralized and Proof of Stake blockchain network that can perform peer-to-peer transactions and assists as a platform to arrange smart contracts.
Uniswap CFD
Uniswap is used to exchange cryptocurrencies. It enables automated transactions between cryptocurrency tokens on the Ethereum blockchain through smart contracts.
Cardano CFDs
Cardano is a public blockchain platform that enables peer-to-peer transactions with its internal cryptocurrency, Ada. It is open-source and decentralized, with consensus achieved using proof of stake.
Binance Coin CFD
Binance Coin was initially formed as a utility token for reduced trading fees, but its uses have extended to payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
Avalanche CFD
Avalanche is a decentralized, open-source proof-of-stake blockchain platform. It uses smart contracts to support various blockchain-based projects with high transaction processing speed.
Luna CFD
One of the native tokens of the Terra network, a blockchain-based project in South Korea. Luna can be used to mint a stablecoin TerraUSD (UST) and maintain Terra stablecoins’ price.
Polygon Matic CFD
Ethereum blockchain is used in the Polygon platform, which can connect and evolve Ethereum-compatible projects and blockchains. It uses a modified proof-of-stake consensus mechanism.
Moonbeam CFD
An Ethereum-compatible smart contract platform on Polkadot founded by Derek Yoo. It can simplify the process of building and deploying Solidity projects in a Substrate-based environment.
How cryptocurrency CFDs are traded Operation?
Bitcoin is a digital cryptocurrency whose value derives from supply and demand factors unique to the asset class.
Bitcoin has a limited supply, so as demand increases, so does the price.
Demand comes from speculative sources and more practical sources, such as internet purchases paid for in Bitcoin.
Bitcoin also tends to react to market sentiment in more traditional markets such as stocks and forex, increasing during periods of negative sentiment.
