XTB Revamps Cryptocurrency Offering, Adds 25 CFDs
The CFD pairs include crypto-to-crypto CFDs such as Cardano/Bitcoin (ADABTC), Tron/Ethereum (TRXETH) and MIOTA/Bitcoin (IOTABTC).
XTB, a Polish retail brokerage, has announced the release of its new and improved cryptocurrency product range, giving its customers access to a total of 25 contracts for difference (CFDs) cryptocurrency pairs.
The broker has added nine new individual Cryptocurrency CFDs such as Bitcoin, Ripple, EOS, Stellar and Ethereum Classic as well as 16 crypto-to-crypto currency pairs or “crypto crosses,” meaning traders can now trade one virtual currency against the other and speculate their position.
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The new instruments include popular cryptocurrencies such as Bitcoin, Ripple, Ethereum and Litecoin. In addition, Monero, Cardano, Zcash, NEM, and others will also be available for trading.
XTB Crypto Crosses
All of the 25 instruments will be available in pairs against the US Dollar, Ethereum and Bitcoin. Some of the CFDs on crypto to crypto pairs include Cardano/Bitcoin (ADABTC), Tron/Ethereum (TRXETH) and MIOTA/Bitcoin (IOTABTC).
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According to the statement, the offering from XTB allows traders to maintain their position for up to a year. This means that this investment opportunity is suitable for investors looking for either short-term or long-term investments, or both.
Furthermore, XTB highlights that users do not need to have a crypto wallet, register on stock exchanges or anything of the like, as all investments can be made from one account with the broker.
In Polish, Omar Arnaout, President of the Management Board of XTB said: “We are striving to be a complete investment company and we are implementing the previously assumed product diversification strategy. Therefore, we decided to make available a very wide range of CFDs for cryptocurrencies. The total number of instruments reaches as much as 25 CFD crypto pairs, which can be traded short or long.”
XTB is one of the largest retail brokerages in Poland, operating since 2005. Depending on the region, the cryptocurrency offering includes leverage of up to 5:1.
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