Trade Crypto CFDs 24/7
Experience the Protrades edge with up to 200:1 leverage
on top Crypto CFDs including Bitcoin & Ethereum.
Trade cryptocurrencies
Trade CFDs on popular cryptocurrencies against the US dollar, with competitive spreads.
Make your next move using powerful platforms and get access to popular cryptocurrencies.
Cryptocurrencies
Cryptocurrencies are a digital form of currency that can be traded and used to pay for things. Their value is determined by supply and demand – which makes them highly speculative and unpredictable.
| # | Coin | Price | Marketcap | Volume (24h) | Supply | Change | Last 24h |
|---|
Trading cryptocurrencies with Protrades
Whereas coins or tokens involve buying a fraction of, say, Bitcoin and holding that investment in a digital wallet until you want to sell, cryptocurrencies as CFDs are traded against the US dollar, much in the same way as you would trade forex CFDs.
You can trade all the big names in crypto on MT5. You’ll enjoy customisable layouts, trade-through charts, a range of plug-ins, an intuitive interface and more.
- Go long and short
- Trade without owning the coin you are trading
- Expect volatility - cryptocurrencies often move faster than traditional currencies
- 24/7 trading when the markets are open
- CFDs use leverage, which magnifies profit and loss
How it all Started
Cryptocurrencies were born out of a counter culture – the desire to trade in a currency that was neither regulated by any central bank, nor influenced by national currencies and major economic events.
Cryptos use distributed ledger technology, or blockchain, to maintain a public record of all transactions. Tokens or coins can be bought and sold and are stored in a digital wallet, either online through an exchange like Binance, or offline ‘in cold storage’ on a server.
When Bitcoin was first released in 2009, most financial institutions thought it would be a flash in the pan and amount to nothing. Nine years later Bitcoin and many other cryptocurrencies crashed and the sceptics felt vindicated. But crypto has bounced back and, in 2020, Bitcoin soared to more than US$60,000 per coin. It crossed this level again in October 2021.
Although there were two major selloffs in spring and summer of 2021, Bitcoin and other major crypto currencies are showing signs of a swift comeback, and many crypto aficionados, including Fundstrat Global Advisors’ Tom Lee, predict a price point of $100,000 for Bitcoin before the start of 2022.
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