Cryptocurrencies CFDs

Cryptocurrencies are digital currencies that exist on decentralised ledgers, exchanges and blockchain. Cryptocurrency CFDs allow you to speculate on the price movements of Cryptocurrencies, so you can go long or short on any of your trades.

You can now trade Crypto CFDs 7 days a week through DNA Markets.

Unlike other asset classes, such as FX, equities and commodities – the Crypto CFDs market is driven by retail speculators. Price movements in Crypto CFDs, like Bitcoin and Ethereum, are primarily influenced by news and retail sentiment, resulting in significant intraday price swings – making Crypto CFDs attractive to experienced traders.

DNA Markets’ Crypto CFDs product allows traders to go long or short without holding the actual Crypto CFDs. This approach is similar to trading Energy Futures, enabling price speculation without physical ownership.

Cryptocurrencies

Facts

Cryptocurrency Trading

DNA Markets provides cryptocurrency trading, featuring a variety of digital currencies such as Bitcoin, Ethereum, and Ripple. DNA Markets offer tight spreads, low commissions, and support both long and short positions.

How does Crypto CFD trading function?

Crypto CFD trading involves Bitcoin, a digital cryptocurrency whose value is determined by unique supply and demand dynamics within this asset class.

Bitcoin possesses a finite supply, causing its price to rise as demand surges.

Demand for Bitcoin arises from speculative interests as well as practical applications, such as using it for online purchases.

Additionally, Bitcoin tends to be influenced by market sentiment in traditional markets like equities and foreign exchange, often experiencing price increases during periods of negative sentiment.