Trading CFD on Cryptocurrencies

The aim of MiFID was to improve competitiveness for investment services and provide protection for investors in financial instruments by establishing:
Purchase of CFDs can be made with fiat money, unlike purchasing actual cryptocurrencies, where some crypto exchanges require a trader to first purchase Bitcoin or Ethereum to then acquire the cryptocurrency of choice. ESMA was worried about the integrity of the price formation process in the underlying cryptocurrency markets which makes it inherently difficult for retail clients to value these products.” The regulatory body stated that financial instruments providing exposure to cryptocurrencies, CFDs in the case, needed to be closely monitored. Commenting on the launch, Grant Foley, chief operating and financial officer at CMC Markets, ‎said: With the cryptocurrency market growing rapidly over the past ‎‎12 months, we have received significant interest from our clients for bitcoin ‎and ethereum CFDs. With the latest launch of shares CFDs, the total now comes to over 100 instruments offered by the financial brokerage, and ranging from six financial asset classes including foreign exchange, precious metals, crude oil CFDs, index trading, cryptocurrency CFDs (bitcoin, Ethereum, Litecoin & Ripple) and shares CFDs.

Cryptocurrency CFD trading Trade CFDs on Bitcoin, Litecoin, Ripple and other cryptocurrencies with Bitcoin Add the most popular cryptocurrency to your portfolio Learn more Litecoin Open a position on Litecoin and trade the trend Learn more Ethereum Take advantage of the crypto revolution and start trading Learn more Ripple Ride the… For traders looking to trade cryptocurrencies intraday or even intraweek, the availability of CFDs across a number of brokers provides far more efficient trading conditions than trading an actual cryptocurrency via crypto exchanges. Furthermore, AvaTrade is among the few forex trading brokers offering cryptocurrency trading services AvaTrade customers can now buy and sell Bitcoin on the platform.

AvaTrade, the leading forex, and CFD broker was founded in 2006 and offers over 250 financial instruments, top trading platforms, and a cutting-edge mobile app, AvaTrade.