1 year ago
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Through CFDs, BDSwiss traders can take exposure to cryptocurrencies without having the burden of storing or moving them around non-regulated wallets with high transaction costs and network delays. CFDs are also often a more convenient way of trading cryptocurrencies, as it allows traders to open both long and short positions to speculate on price movements and hedge exposures.
BDSwiss said the newly listed coins come in response to a surge in demand on some of cryptocurrencies associated with popular technologies such as the Metaverse, DApps, NFTs, DeFis, and smart contracts. Investors have been flocking to these altcoins as its respective applications quickly permeated the cryptocurrency space.
Moving forward, clients will be able to trade the following tokens:
Decentraland (MANAUSD): a token that powers the Decentraland virtual reality platform Quantum (QTUMUSD): a cryptocurrency that combines the security of Bitcoin and the flexibility of Ethereum’s smart contracts Stellar (XLMUSD): a smart contract-enabled blockchain that focuses on cross-border payments Polkadot (DOTUSD): a protocol that powers cross-chain transfers of data or assets Cardano (ADAUSD): a digital coin that powers the Cardano network Solana (SOLUSD): a blockchain supporting developers in creating scalable crypto apps Axie Infinity Shards (AXSUSD): the governance token of the Axie Infinity gaming universe. Gala (GALAUSD): a play-to-earn gaming platform that enables users to earn its GALA token for achieving in-game milestones DOGE (DOGEUSD): the most popular meme coin in the marketBDSwiss CEO Nicolas Shamtanis commented on the latest crypto-listing: “In light of the strong demand for crypto trading, we’re delighted to now offer our clients an even wider selection of cryptocurrency pairs. Following on our commitment to offering a world-class trading and investing experience, at BDSwiss we will continue to innovate and expand our wide range of financial services and underlying assets in line with our clients’ needs and the dynamic demands of the market.”
Together with already installed 26 crypto pairs, BDSwiss’ expanded offering places it on par with other brokers in the industry amidst burgeoning client demand. The move marks an advanced stage of the broker’s decisive move into the surging digital assets arena.
BDSwiss’ cryptocurrency CFD offering includes 24/7 market access, 1:5 leverage, flexible trade sizes from less than $1 (depending on the underlying cryptocurrency).
By trading cryptocurrencies in the form of CFDs, traders have the opportunity to take advantage of a wide array of traditional trading tools such as leverage and stop orders. The massive range of volatility exhibited in these instruments also creates an ideal environment for investors in CFDs.
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