Please note that some symbols may not be available on weekends. Detailed trading sessions are available on the platforms.
With cTrader, you now have the ability to trade cryptocurrencies 7 days a week.
For clients registered with Raw Trading (excluding UK clients), the leverage available on cryptocurrency pairs like BTCUSD, ETHUSD, LTCUSD, and BCHUSD is set at 1:200.
In contrast to other asset classes such as FX, equities, and CFDs on commodities, the cryptocurrency market is primarily influenced by retail speculators. By trading Corex Market’ cryptocurrency CFDs, you will participate in a market that is not subject to central bank intervention, where interbank dealers do not control order flow, and giant pension funds do not significantly impact prices. This distinctive feature of the cryptocurrency market offers traders unique opportunities and trading dynamics.
Price movements in cryptocurrencies such as Bitcoin or Ethereum are primarily driven by news and prevailing sentiment, influenced by the fear and greed of retail speculators. These market dynamics can result in significant intraday price swings, making Cryptocurrency CFDs an enticing product for experienced and aggressive day traders.
With Corex Market’ Cryptocurrency CFD product, traders have the advantage of going long or short on the price of cryptocurrencies without actually possessing them. This eliminates concerns related to security risks associated with storing cryptocurrencies and counterparty risks from exchanges. It is akin to trading energy futures like oil, where traders speculate on the price without owning the physical commodity.
By trading Cryptocurrency CFDs, traders can access the price movements and volatility of cryptocurrencies without the need for direct ownership, allowing them to capitalize on market opportunities with reduced logistical and security considerations.
Bitcoin CFD
The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.
Ethereum CFD
The world’s second-largest cryptocurrency, it is labelled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.
Dash CFD
Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other cryptocurrencies and therefore displays higher liquidity than many of its counterparts.
Litecoin CFD
Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.
Bitcoin Cash CFD
Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased block size from 1 megabyte to 8 megabytes without incorporating SegWit.
Ripple CFD
Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers, and has recently experienced a period of growth.
EOS CFD
EOS is a decentralized operating system based on blockchain technology. It is designed to support of decentralized applications on a commercial-scale by giving all the required core functionalities.
Emercoin CFD
Emercoin is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services.
NameCoin CFD
Namecoin is a blockchain protocol that serves as a naming system. Since Namecoin is a fork of Bitcoin, it is also a cryptocurrency that can be used for peer-to-peer transactions.
PeerCoin CFD
PeerCoin aims to solve the inefficiency problem of the Proof-of-Work that is used by bitcoin and many other coins using its own Proof-of-Stake system.
Polkadot CFD
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable, heterogeneous, multi-chain technology.
Stellar CFD
Stellar, or Stellar Lumens, is an open source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies.
Chainlink CFD
Chainlink is a decentralized oracle network and cryptocurrency that provides data to blockchains. It is one of the main sources of data used to feed information to applications in decentralized finance.
Dogecoin CFD
Dogecoin was founded by software engineers Billy Markus and Jackson Palmer, as a payment system. This coin began as a ‘meme coin’ and is now seen as a popular option for traders.
Tezos CFD
Tezos is a decentralized and Proof of Stake blockchain network that can perform peer-to-peer transactions and assists as a platform to arrange smart contracts.
Uniswap CFD
Uniswap is used to exchange cryptocurrencies. It enables automated transactions between cryptocurrency tokens on the Ethereum blockchain through smart contracts.
Cardano CFD
Cardano is a public blockchain platform that enables peer-to-peer transactions with its internal cryptocurrency, Ada. It is open-source and decentralized, with consensus achieved using proof of stake.
Binance Coin CFD
Binance Coin was initially formed as a utility token for reduced trading fees, but its uses have extended to payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services and financial services.
Avalanche CFD
Avalanche is a decentralized, open-source proof of stake blockchain platform. It uses smart contracts to support various blockchain-based projects with high transaction processing speed.
Luna CFD
One of the native tokens of the Terra network, a blockchain-based project in South Korea. Luna can be used to mint a stablecoin TerraUSD (UST) and maintain Terra stablecoins’ price.
Polygon Matic CFD
Ethereum blockchain is used in the Polygon platform, which can connect and evolve Ethereum-compatible projects and blockchains. It uses a modified proof-of-stake consensus mechanism.
Moonbeam CFD
An Ethereum-compatible smart contract platform on Polkadot founded by Derek Yoo. It can simplify the process of building and/or deploying Solidity projects in a Substrate-based environment.
Kusama CFD
Kusama utilizes two types of blockchains, the relay chain and parachains in the Polkadot ecosystem. It serves like a sandbox that help testing and developing new features in early projects.
How does Cryptocurrency CFD trading work?
Bitcoin, as a digital cryptocurrency, derives its value from distinct supply and demand factors that are unique to this asset class.
Bitcoin operates on a limited supply, meaning that its price tends to increase as demand rises due to its scarcity.
The demand for Bitcoin arises from a combination of speculative sources and practical uses, such as using Bitcoin for online purchases.
Furthermore, Bitcoin has demonstrated a tendency to react to market sentiment in traditional markets like equities and foreign exchange. During periods of negative sentiment, Bitcoin’s value has often shown an inclination to rise.
These characteristics contribute to the dynamic nature of Bitcoin, as its price is influenced by both supply and demand dynamics as well as broader market sentiments.
Bitcoin CFD Trading Example
Opening Price
3910.25 * 2 = USD $7820.50
Closing Price
4200.50 * 2 = USD $8401.00
Gross Profit on Trade
USD $8401.00 – 7820.50 = $580.50
Opening the Position
The price of Bitcoin CFD against the US Dollar is 3900.25/3910.25 and you decide to buy 2 contracts at 3910.25.
Closing the Position
One month later Bitcoin CFD has increased to 4200.50/4210.50 and you decide to take your profit by selling your 2 contracts at 4200.50 each.
Spreads