Apple picker Commercial message: XTB constantly strives to live up to its mission of being the first choice of investors and traders in the financial markets. That is why it constantly expands its offer and creates new investment opportunities - it wants to provide its clients with the widest possible selection of financial instruments. Among the more than 5400 instruments currently available at XTB, including physical shares and ETFs with 0% fee as well as CFDs on Forex, Indices, Commodities, Shares and ETFs, XTB also offers the option to invest in CFDs based on leading cryptocurrencies.
TIP: Try it for free CFD cryptocurrency trading on the net (with virtual money).
Cryptocurrency-based instruments have been one of the most emotional topics in the investment industry for several years. Cryptocurrencies have become an important element in the portfolios of hundreds of thousands of investors – from the richest people in the world, through fund managers, to individual and small investors. They are also very popular among XTB clients. In the first half of 2021, 20% of XTB clients made at least one cryptocurrency CFD transaction, and for almost 10% of new clients, the first crypto CFD transaction they made after opening an account.
As part of the new crypto offer already available at XTB (in the xStation platform and the XTB mobile app), the broker has almost tripled the number of crypto-based instruments available and introduced new, very attractive spreads. XTB clients can now trade (in addition to the previously available Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple) up to 9 new cryptocurrencies – Binance Coin, Cardano, Chainlink, Dogecoin, EOS, Polkadot, Stellar, Tezos and Uniswap. Along with the new cryptocurrencies, new attractive spreads were also introduced, which, depending on the instrument, can be up to 0,22% of the market price*.
– The popularity of cryptocurrencies is visible at every turn. Clients who are mainly interested in using volatility and are not interested in physical possession of cryptocurrencies repeatedly ask us about new instruments. That is why we have almost tripled the number of cryptocurrency CFDs we offer and introduced attractive spreads. However, it is worth remembering that this market is much more prone to large swings and the influence of investor sentiment towards risk, which our clients often try to take advantage of by going against the market and taking a short position on the cryptocurrency in question – said David Šnajdr, regional director of XTB
*more information can be found at https://www.xtb.com/cz/kryptomeny
Among the nine cryptocurrency CFDs introduced in the new XTB offer, the following three in particular deserve special attention from traders:
Dogecoin (DOGE) - this cryptocurrency was created in 2013 as a joke in opposition to Bitcoin, which was just starting to gain popularity a few years ago. The popularity of this cryptocurrency is related to the popular "Doge" meme. However, it is worth noting that Dogecoin is a so-called inflationary cryptocurrency, so its supply is not limited in any way.
Polka dots (DOT) – the project was launched in 2015 and was initiated by former directors associated with the Ethereum project. The first token sale took place in 2017. The innovation of this cryptocurrency is the ability to support multiple blockchains. It is the 9th largest cryptocurrency by capitalization.
Stellar (XLM) - a cryptocurrency that was created in 2013 thanks to the co-creator of another innovative project related to finance, which is Ripple. In general, Stellar is a large financial network that is designed to allow fast cross-border payments in a large number of currencies.
If you want first try CFD cryptocurrency trading for free (only with virtual money), you can do so in a few minutes on a practice demo account with XTB for free.
CFDs are complex instruments and, due to the use of financial leverage, are associated with a high risk of rapid financial loss. 73% of retail investor accounts experienced a loss when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your funds.
