New XTB crypto offer
Pursuing the mission of being the investors’ first choice, XTB is constantly expanding its offer and trading opportunities in order to provide its clients with the widest choice of financial instruments. Among the over 2,100 instruments currently available – forex, indices, commodities, stock and ETF CFDs, XTB also offers the possibility of trading cryptocurrency based CFDs.
Instruments based on cryptocurrencies have been one of the topics that has evoked the greatest reactions 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 investors. They are also very popular among XTB customers. In the first half of 2021, 20% of XTB’s clients made at least one transaction with the use of CFDs based on these instruments, and for nearly 10% of new clients, the transaction with the use of crypto CFDs was the first one they made after opening an account.
As part of the new crypto offer being already available at XTB, the broker has nearly tripled the number of available cryptocurrency-based instruments and introduced new, attractive spread rates. XTB clients, in addition to the previously available Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple, can now invest in as many as 9 new cryptocurrencies – Binance Coin, Cardano, Chainlink, Dogecoin, EOS, Polkadot, Stellar, Tezos and Uniswap. Along with the new cryptocurrencies, new attractive spreads have also been introduced, which, depending on the instrument, can be as low as 0.22% of the market price.*
– The popularity of cryptocurrencies is visible at every step. Customers who mainly care about the utilization of volatility, and not having a physical cryptocurrency, have repeatedly asked us about new instruments. That’s why we have almost tripled the number of cryptocurrency CFDs we offer and introduced attractive spreads. It is worth remembering, however, that this market is much more susceptible to large fluctuations and the influence of investors’ sentiment towards risk, which our clients often try to use by opposing the market and taking a short position for a given cryptocurrency – said Joshua Raymond, director of the XTB International.
* more information available at https://www.xtb.com/int/cryptocurrencies
Among the nine CFDs on cryptocurrencies introduced to the XTB offer, three deserve special attention from traders.
Dogecoin (DOGE) is a cryptocurrency that was created in 2013 as a joke in opposition to Bitcoin. It started gaining in popularity only a few years ago. The popularity of this cryptocurrency is related to the popular meme “Doge”. It is worth mentioning, however, that Dogecoin is a so-called an inflationary cryptocurrency, i.e. its supply is not limited.
Polkadot (DOT) is a project that started in 2015 and was initiated by former directors associated with the Ethereum project. The first sale of tokens took place in 2017. The innovation of this cryptocurrency is the ability to support multiple blockchains. It is the 9th largest cryptocurrency in terms of capitalization.
Stellar (XLM) was created in 2013 thanks to the co-creator of another innovative project related to finance, i.e. Ripple. Stellar is generally a large financial network that is designed to enable fast cross-border payments in large amounts of currencies.
Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.
PR Manager XTB
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About XTB Group:
XTB Group consists of companies with one of the largest stock exchange-listed FX & CFD brokers in the world. XTB Group has entities regulated by the world’s biggest supervision authorities, including the FCA, CySEC and KNF. With more than 16 years of experience, XTB Group provides retail traders instant access to hundreds of global markets. XTB is a fintech company based on trust, technology and support. Since 2004, XTB Group has expanded to 12 major markets in Europe, Latin America and Asia, attracting over 352,000 clients. In 2021, XTB Group received licenses to operate in the UAE and South Africa. Operating the company’s own award-winning xStation and xStation Mobile platforms, the entities of XTB Group offer over 5,400 instruments, including real stocks, real ETFs and CFDs on forex, indices, commodities, stocks, ETFs and cryptocurrencies. Through X-Open Hub, XTB provides leading technologies for financial institutions from around the world. Find out more at www.xtb.com