XTB Relaunches Bitcoin CFDs After Suspending Trading in December
- The FX and CFD provider told its clients the CFDs on Bitcoin will be restored next week.
XTB has decided to re-launch its offerings on cryptocurrency CFDs, starting with Bitcoin, which will be incorporated back into the trading platform on Monday, January 15.
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XTB initially introduced CFDs on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term back in June of last year. At the time, the company implemented CFDs across various virtual currencies, including Bitcoin, Ethereum, Litecoin, Dash, and Ripple. However, the bullish run incurred across much of the top currencies in the crypto industry have created challenges in Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term practices for many CFD brokerages, thereby causing a general withdrawal of many brokerages from crypto sector.
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After assessing the situation, XTB also decided to stop providing its clients with access to crypto CFDs altogether. At the time, clients who still had open positions in any of the affected assets were left with a close-only feature.
While CFD providers continue to adjust to the new crypto market norms, XTB has apparently addressed their concerns, and has decided to cautiously proceed with Bitcoin CFDs. The client notification message did not mention any updates regarding other cryptocurrencies that were initially implemented by the company. For now, traders will have to settle for trading on Bitcoin CFD through the XTB trading platform.
Revamped Trading Conditions
The re-launch of BTC CFDs will also include updated trading conditions. XTB has reduced the spreads to a standard 1%, while also lowering their swap levels. Overnight swap rates will now charge clients 0.08% and 0.04% per day, for long and short positions, respectively.
Moreover, the maximum exposure per trading account has been limited to 15,000 EUR at any given time. XTB is currently offering a maximum leverage of 5:1. The updated trading conditions are intended to both appeal more to traders, while at the same time offering some risk protection for XTB’s exposure levels, due to potentially sharp price movements. Trading on Bitcoin CFDs will be available almost around the clock, from each Saturday at 04:00, through Friday at 22:00.
XTB has decided to re-launch its offerings on cryptocurrency CFDs, starting with Bitcoin, which will be incorporated back into the trading platform on Monday, January 15.
Discover credible partners and premium clients at China’s leading finance event!
XTB initially introduced CFDs on Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term back in June of last year. At the time, the company implemented CFDs across various virtual currencies, including Bitcoin, Ethereum, Litecoin, Dash, and Ripple. However, the bullish run incurred across much of the top currencies in the crypto industry have created challenges in Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term practices for many CFD brokerages, thereby causing a general withdrawal of many brokerages from crypto sector.
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After assessing the situation, XTB also decided to stop providing its clients with access to crypto CFDs altogether. At the time, clients who still had open positions in any of the affected assets were left with a close-only feature.
While CFD providers continue to adjust to the new crypto market norms, XTB has apparently addressed their concerns, and has decided to cautiously proceed with Bitcoin CFDs. The client notification message did not mention any updates regarding other cryptocurrencies that were initially implemented by the company. For now, traders will have to settle for trading on Bitcoin CFD through the XTB trading platform.
Revamped Trading Conditions
The re-launch of BTC CFDs will also include updated trading conditions. XTB has reduced the spreads to a standard 1%, while also lowering their swap levels. Overnight swap rates will now charge clients 0.08% and 0.04% per day, for long and short positions, respectively.
Moreover, the maximum exposure per trading account has been limited to 15,000 EUR at any given time. XTB is currently offering a maximum leverage of 5:1. The updated trading conditions are intended to both appeal more to traders, while at the same time offering some risk protection for XTB’s exposure levels, due to potentially sharp price movements. Trading on Bitcoin CFDs will be available almost around the clock, from each Saturday at 04:00, through Friday at 22:00.