Best Cryptocurrency CFD Trading Sites
The cryptocurrency market has exceeded the expectations of even the most enthusiastic supporters of crypto. After the unprecedented price surge in 2017, which saw Bitcoin's value rise from $1,000 to an all-time high of $19,000, many new participants have been eager to join the crypto frenzy. However, setting up a crypto wallet, physically storing digital assets, and navigating the loosely regulated crypto landscape can be complex and risky. To make it easier for new traders to engage with the crypto market, traditional and crypto platforms have introduced an easier and less intense way of trading through the Contract for Difference (CFD) model. CFD trading is a variation of trading that allows traders to capitalize on the fluctuations of an asset's price without owning the asset. Brokers facilitate CFD trades and offer margin services that allow users to improve their leverage and potentially multiply their earnings. However, brokers implement spreads, which are disparities between the actual price of an asset and the price brokers offer to traders.