Cryptocurrency CFDs

Cryptocurrencies are volatile, unregulated, decentralised and controlled almost exclusively by retail speculators. Trade the world’s newest and most exciting asset class as CFDs with an ASIC regulated broker.

Unlike other asset classes (FX, Equities, Commodities, etc.), the Cryptocurrency market is dominated by retail speculators. With IB Markets Cryptocurrency CFDs, you’ll 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.

Crypto CFD

The IB Markets 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.



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Cryptocurrency CFDs

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Bitcoin CFD

The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

Ethereum CFD

The world’s second-largest cryptocurrency, it is labelled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Dash CFD

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.

Litecoin CFD

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.

Bitcoin Cash CFD

Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Ripple CFD

Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.

EOS CFD

EOS is a decentralized operating system based on blockchain technology. It is designed to support of decentralized applications on a commercial-scale by giving all the required core functionalities.

Emercoin CFD

Emercoin is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services.

NameCoin CFD

Namecoin is a blockchain protocol that serves as a naming system. Since Namecoin is a fork of Bitcoin, it is also a cryptocurrency that can be used for peer-to-peer transactions.

PeerCoin CFD

PeerCoin aims to solve the inefficiency problem of the Proof-of-Work that is used by bitcoin and many other coins using its own Proof-of-Stake system.

How Does Crypto CFD Trading Work?

Bitcoin is a digital cryptocurrency that derives its value from supply and demand factors unique to this asset class.

Bitcoin is available in a finite supply and therefore increases in price as demand increases.

Demand stems from speculative sources and more practical sources, for example Internet purchases paid for in Bitcoin.

Bitcoin also has a tendency to react to market sentiment in more traditional markets such as equities and foreign exchange, increasing during periods of negative sentiment.

Cryptocurrency Trading Example

Buying: BTCUSD

The gross profit on your trade is calculated as follows:

Opening Price

3910.25 * 2 = USD $7820.50

Closing Price

4200.50 * 2 = USD $8401.00

Gross Profit on Trade

USD $8401.00 – 7820.50 = $580.50

Opening the Position

The price of Bitcoin CFD against the US Dollar is 3900.25/3910.25 and you decide to buy 2 contracts at 3910.25.

The value of your position is USD $7820.50 (3910.25 *2). With a maximum leverage of 1:5, the required margin to open this position is $1564.1 (7820.50 / 5).

Closing the Position

One month later Bitcoin CFD has increased to 4200.50/4210.50 and you decide to take your profit by selling your 2 contracts at 4200.50 each.

CRYPTOCURRENCY SPREADS

SYMBOLDESCRIPTIONMINAVG
BTCUSDBitcoin vs United States Dollar CFD2020
BCHUSDBitcoin Cash vs United States Dollar CFD55
ETHUSDEthereum vs United States Dollar CFD44
LTCUSDLite Coin vs United States Dollar CFD33
DSHUSDDash Coin vs United States Dollar CFD4.44.4
XRPUSDRipple vs United States Dollar CFD0.050.05
EOSUSDEOS vs United States Dollar CFD0.160.16
EMCUSDEmercoin vs United States Dollar CFD0.270.27
NMCUSDNameCoin vs United States Dollar CFD0.650.65
PPCUSDPeerCoin vs United States Dollar CFD0.690.69

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