Financial Markets

CRYPTOCURRENCIES

Due to high demand, Tradex has introduced many cryptocurrencies to its tradable CFDs, allowing clients to expand their trading strategy and include these instruments in their daily trading.

These unique and popular digital currencies are changing the financial industry since their lack of physical form and decentralized nature, achieved by the use of Blockchain technology, makes them perfect for CFD trading.

Tradex enables you to trade a variety of pairs consisting of Bitcoin, Ethereum, Litecoin, Dashcoin and Ripple, all at very competitive prices and great liquidity to suit all your trading needs.

Concepts such as ‘cryptocurrency’ and ‘blockchain’ have become major buzzwords in the financial world as of late and, even if you aren’t from an economics background, people are starting to realize that things like Bitcoin and Ethereum can be major moneymakers.

Investing and trading in digital currencies is quickly turning into the newest way to jump on the cryptocurrency bandwagon, and while it isn’t too late to join the party, wrapping your head around exactly how to do that is one very daunting task.

And while blockchain technology is still in its early stages of development and will soon become something we use without really knowing — for most people, it’s like we are back in 1994 when the internet or email was developing.

While trading on cryptocurrency exchanges is great for the average crypto trader, it’s not always a viable option when looking to trade large amounts. Exchanges also aren’t geared up to facilitate such big trades, and as a result can be quite restrictive to large customers.

Over-the-counter (OTC) trading platforms are able to solve this issue, by accessing funds through liquidity providers who individually hold large amounts of cryptocurrency and process large transactions outside of exchanges.

OTCs provide customers with a quote for one upfront fixed price for the entire amount that you would like to buy or sell, avoiding the price slippage you would face on an exchange. It’s also done in one transaction as opposed to multiple smaller transactions.