CFD is a rather unknown term for an exclusive cryptocurrency trader. It is more in common with other traditional asset traders around the markets. The meaning of the term is “Contract for Difference”. They are usually used by specialized brokers around the world, to provide various assets on their platforms.
Now, why are they a relevant topic for cryptocurrency traders? Well, the fact is that CFD brokers are now offering crypto CFDs as well. It is only natural to ask, which trading strategy is better than the other. In fact, the question arose most commonly in South Africa. You see, South African forex brokers listed here started to offer Bitcoin and Ethereum CFDs en masse and people got quickly accustomed. The reason was quite simple. The percentage of crypto holders in the country was more than any other, according to a recent survey. Therefore the financial service providers jumped at the opportunity.
Crypto CFDs and their applications
The primary feature of a CFD is the fact…
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