XTB Revamps Cryptocurrency Offering, Adds 25 CFDs

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 Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, 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.

The new instruments include popular 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 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).

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.