Dukascopy Bank SA provides leveraged CFD trading on price movements of cryptocurrencies, its derivatives or value estimations.
Unlike traditional purchase of cryptocurrencies trading cryptocurrency CFDs (Crypto) allow speculative operations without having a digital wallet. There is no need to own cryptocurrency coins eliminating cyber security risks.
Due to the leverage provided on trading accounts the client can hold cryptocurrency CFD positions larger than amount of traditional currency initially owned.
Similar to other CFDs and FX instruments, cryptocurrency CFD can be short or long so the client can benefit from price movement in both directions up and down.
Please be aware that opened CFD position is not owning of an underlying asset and price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges. Although the price of the CFD usually reflects the price of the underlying asset, this is not necessary the case.