Trade the world's newest asset class as a CFD and speculate on whether it will rise or fall in value without taking ownership of the digital asset.
Over recent years there has been a rise in industries adopting blockchain technology. Global Prime offers clients the ability to trade Cyptocurrencies as a CFD tradeable on the MT4 platform.
Bitcoin (BTC/USD)
A form of electronic cash/ digital currency without a central bank or single administrator. It can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin Cash (BCH/USD)
Established on the 1st August 2017, Bitcoin cash was developed based on the developer wanting to increase bitcoin's block size.
Ethereum (ETH/USD)
Ethereum is both a cryptocurrency and a decentralised computing platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
Litecoin (LTC/USD)
A peer to peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff starting in Oct 2011.
Ripple (XRP/USD)
A real time gross settlement system, currency exchange and remittance network created by Ripple Labs inc, a US based technology company.
Benefits of trading Cryptocurrency
- No leverage
- No commission
- Ability to hedge
- Competitive spreads
- No digital wallet needed
- No risk of hacker attacks
Risk of trading Cryptocurrency
- Volatile market
- Lack of regulation
- Longevity
