Crypto.com Introduces Contracts for Differences (CFDs) for Enhanced Trading Experience
CFDs Provide New Trading Potential
With the launch of Contracts for Differences (CFDs) on Crypto.com, traders can now explore a diverse range of trading options. CFDs allow individuals to gain exposure to price movements without holding the underlying assets, enabling users to trade based on their market predictions.
What Are CFDs?
CFDs are a type of derivative that lets users speculate on the price movements of cryptocurrencies without owing the actual assets. Instead, traders predict whether prices will rise or fall and can profit from their predictions.
Advantages of Using CFDs
- Leverage: Traders can control larger positions with less capital. For instance, users can start with as little as 5% of their total investment value.
- Diversification: Users can trade a broad range of cryptocurrencies, enhancing portfolio diversity.
- Real-time Trading: The app supports 24/7 trading in several jurisdictions, allowing users to act on market movements immediately.
How to Start Trading CFDs
- Add funds to your CFD Wallet.
- Select the desired cryptocurrency.
- Choose 'Buy' for long positions or 'Sell' for short positions.
- Input your contract size and confirm your order.
Crypto.com's Commitment to Growth
This launch follows several strategic moves by Crypto.com, including new partnerships and compliance milestones aimed at expanding its offerings and enhancing user experience.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.