Cryptocurrencies are a disruptive sensation in the financial markets. These digital currencies provide even more opportunities for today’s traders, with many turning to them as alternative investment options. Trade cryptocurrency CFDs (Bitcoin, Ethereum, Litecoin, Ripple) against the US dollar with Swiftonlinetrading today.
Trading is a common economic concept that involves the exchange of goods and services between trading parties. However, trading in cryptocurrency is a bit different from trading in any other asset. Primarily, a cryptocurrency refers to a digital asset that’s secured by cryptography, making it nearly impossible to counterfeit or double-spend. Moreover, due to this digital asset’s volatile nature, cryptocurrency has been a popular asset for trading.
Cryptocurrencies are the digital alternative to traditional currencies; allowing for fast, decentralised, anonymous payments across the world.
While Swiftonlinetrading doesn't offer trading in individual cryptocurrencies, we do provide numerous ways to get exposure to the cryptocurrency market
Virtual currencies, including bitcoin, experience significant price volatility. Fluctuations in the underlying virtual currency's value between the time you place a trade for a virtual currency futures contract and the time you attempt to liquidate it will affect the value of your futures contract and the potential profit and losses related to it. Investors must be very cautious and monitor any investment that they make.
Ways to invest in cryptocurrency at Swiftonlinetrading
These products allow investors to trade shares in trusts holding large pools of a cryptocurrency, although these can involve high volatility, hefty fees, and other risks. They trade over-the-counter (OTC) and behave like closed-end funds. The list of available products includes GBTC, ETHE, BITW, BCHG, GDLC, LTCN, and OBTC.