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Trading cryptocurrency CFDs through a broker


LadyKoyana

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Brokers operate a service that specialises in trading important global asset classes such as FX, commodities, indices and cryptocurrencies.

 

Cryptocurrency trading through a broker is done via CFDs, using the broker’s existing networks and trading platforms, and does not require the use of a digital wallet. Because CFDs do not require the purchase of an underlying asset, trading cryptocurrency CFDs allow for the use of leverage which helps reduce the initial capital investment while gaining exposure to the full value of a trade. When compared with the cost of purchasing an asset outright, CFD trading through a broker typically offers lower barriers to entry. And because you are able to profit from either market direction, cryptocurrency CFD trading through a broker offers investment flexibility.

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