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Cryptocurrency CFDs
Cryptocurrencies are volatile, unregulated, decentralized, and controlled almost exclusively by retail speculators. Trade the world’s newest and most exciting asset class as CFDs with WaveTrade, a regulated Forex CFD Provider.
Cryptocurrencies are volatile, unregulated, decentralized, and controlled almost exclusively by retail speculators. Trade the world’s newest and most exciting asset class as CFDs with WaveTrade, a regulated Forex CFD Provider.
Now you can trade Cryptocurrency 7 days a week on all WaveTrade platforms. Unlike other asset classes (FX, Equities, CFDs on Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With WaveTrade Cryptocurrency CFDs, you will trade in a market where there is no central bank intervention, interbank dealers controlling order flow, or giant pension funds moving prices.
Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e., the fear and greed of retail speculators. These sometimes dramatic shifts can lead to massive intraday price swings, making Cryptocurrency CFDs an exciting product for aggressive and experienced day traders.
The WaveTrade Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price.
Cryptocurrency CFDs
The first and largest cryptocurrency, Bitcoin paved the way for hundreds of similar currencies and boasts a market cap of over $100 billion.
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'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.
Designed by a former Google engineer to improve upon Bitcoin's technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.
Please note that some symbols may not be available on weekends. Detailed trading sessions are available on the platforms.