Cryptocurrency
Now you can trade cryptocurrency CFDs 7 days a week across all WaveTrade’s platforms. Unlike traditional asset classes such as forex, equities, or commodities, the cryptocurrency market is largely driven by retail investors. There is no central bank involvement, no interbank dealers controlling order flow, and no large pension funds moving the market.
Price movements in cryptos like Bitcoin and Ethereum are influenced primarily by news and market sentiment (e.g, the fear and greed of retail speculators). This sudden shift often leads to massive intraday swings, making cryptocurrency CFDs an attractive choice for experienced and active traders.
With WaveTrade’s Cryptocurrency CFDs, you can take long or short positions without owning the underlying asset. This gives you exposure to price movements without worrying about the security risks associated with storing the asset or the counterparty risks from crypto exchanges. It is similar to trading Energy Futures, where you speculate on price without needing to hold the physical commodity.