Digital currency has arrived and it is here to stay. The currency market has been changed forever and there is a way to start trading cryptocurrencies without a digital wallet or cryptocurrency exchange. FP Markets offers CFD trading in a number of asset classes including forex, shares, metals, commodities, and indices. That offering also includes trading cryptocurrency CFDs.
Traders in Canada can now trade Bitcoin, popular cryptocurrencies, and other financial markets from a single trading account. The cryptocurrency market is renowned for its volatility and one of the major benefits of trading CFDs is the ability to open long and short positions. This allows you to capitalise on price movements in both directions when crypto trading. Start trading Bitcoin, Ethereum, XRP (Ripple), Bitcoin Cash, and Litecoin today.
Why Trade Cryptocurrency CFDs?
CFDS are a leveraged derivative financial product that allow you exchange the price difference in the underlying asset without actually owning it. Using CFDs, Canadian can trade cryptocurrency without a digital wallet or cryptocurrency exchange. Brokers must adhere to strict regulations as per the relevant financial services authority which minimises the risks associated with trading crypto when compared to an exchange. In addition, we offer major cryptocurrencies such as Bitcoin to be traded as a currency pair against the US dollar.