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Litecoin CFD Brokers and Crypto CFD Trading Platforms – Compare Here

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Litecoin CFD Trading

Litecoin CFD trading CFD products are a popular form of crypto trading and in this article, we will focus on Litecoin CFD trading. Litecoin (LTC) is inspired by Bitcoin (BTC) and technically very similar to bitcoin. In this article we will not discuss the underlying technology but we will review the Litecoin trading platforms and Litecoin CFD trading specifically. We will cover the following subheadings:

  • What is CFD trading?
  • Litecoin CFD trading platforms
  • Best Litecoin CFD trading platform
  • Litecoin CFD trading UK

What is CFD Trading?

CFD stands for contract for difference. CFDs are popular instruments for derivative trading. CFD allows you to speculate in both upward pricing and falling prices in many different markets, including crypto markets and Litecoin specifically

Litecoin CFD Trading Platforms

There are several good platforms that offer Litecoin CFD trading. There are many CFD platforms on the internet and many of them are not serious. We recommend that you choose one of the big well-established players who are regulated and have a serious marketing. In this article, we will focus on Plus500, Avatrade, eToro and Markets. The reason for choosing CFD trading platforms may be that they offer leverage trading. These platforms also have well-developed interfaces and trading features since they have existed for a long time compared to pure crypto trading platforms. 

Best Litecoin CFD Trading Platform

To determine which one is the best platform, we need to set up some parameters that we can compare. There is no platform is the best on all parameters you can compare. This is also why there are many different CFD trading platforms.

1. Litecoin CFD Trading eToro

eToro is the most famous online brokers. eToro is at the forefront of developing new products and listening to what customers demand for functions. eToro is best known for its developed platform for social trading. Etoro has a total of 11 different cryptocurrencies to trade and 65 crypto markets. Etoror offer markets in NZD, crypto-crypto, CAD, CHF, AUD, JPY, GBP and EUR. eToro is definitely the best platform for CFD cryptography, including Litecoin CFD trading.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.90%

Litecoin CFD overnight fee buy: -0.018607%

Litecoin CFD overnight fee sell: -0.018607%

In the screenshot below you can see all 65 cryptomarkets at eToro.

eToro Review

2. Litecoin CFD Trading Plus500

Plus500 is an established and well-known player in CFD trading. Plus500 has a total of 13 crypto trading markets and all of them are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 0.91%

Litecoin CFD overnight fee buy: -0.0506%

Litecoin CFD overnight fee sell: 0.0397% 3.

Plus500 Review

 

2. Litecoin CFD Trading Avatrade

Avatrade is a well-known player in CFD trading. Avatrade offer 10 different crypto markets and have BTCEUR and BTCJPY and all other are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.5%

Litecoin CFD overnight fee buy: -0.1000%

Litecoin CFD overnight fee sell: -0.0333%

Avatrade Review

 

2. Litecoin CFD Trading Markets.com

Markets is a well-known player in CFD trading. Markets offer in total 6 crypto markets and all of them are in USD. Subject to Risk Management policy at Markets, the exposure limit per account of all CFDs with the underlying instrument being Cryptocurrencies (excluding Bitcoin Futures) is limited to the total position value of $ 2,000.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 16.6%

Litecoin CFD overnight fee buy: -0.2800%

Litecoin CFD overnight fee sell: -0.2800%

Litecoin CFD Trading UK

CFD trading is popular in the UK and many CFD trading platforms have offices or departures from London or UK. While all CFD platforms are banned in the United States, all of these are regulated within the UK. 

CFD Trading Pros and Cons

Pros

  • Leverage (but most crypto markets only offer 1: 2 leverage for the moment)
  • Trading long and short
  • Low commission (Only spread)
  • Good platforms
  • Regulated platforms

Cons

  • High risk (leverage products)
  • Overnight fees (Because of the leverage)
  • Not beginner-friendly

Conclusion – Litecoin CFD Trading

The reason for using a CFD platform is that they offer leverage products and have established platforms with developed products.

In this comparison between different Litecoin CFD trading platforms, we found that eToro is the best CFD trading platform for all crypto currencies. They have the best interface, best products, most products and competitive price spreads and overnight fees.

The post Litecoin CFD Brokers and Crypto CFD Trading Platforms – Compare Here appeared first on Cryptocointrade.

Source: https://www.cryptocointrade.com/crypto-trading-blog/litecoin-cfd-trading/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-cfd-trading

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Binance Might Delist Many Low-Volume Coins Soon, CZ Hints

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Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry.

In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is selected and launched for trading on the platform, its price usually undergoes a substantial surge.

Now, the CEO of Binance, Changpeng Zhao, has hinted that it may start delisting low-volume coins.

Low-Volume Coins May Kiss Binance Goodbye

In an interesting Twitter thread, a popular cryptocurrency analyst and trader RookieXBT suggested delisting all coins on Binance that “do less than 10 BTC of daily volume.”

Expectedly or not, the CEO of the exchange engaged in the thread, providing a hint that they might consider doing so.

“I think it is a good idea. If you are on Binance and still have no volume, then…” – Said CZ, perhaps hinting that there’s something inherently wrong with coins listed on Binance and failing to generate big daily volume.

Naturally, there are two sides to this debate. Some users think that the merits of a coin shouldn’t be valued based on the volumes it generates on cryptocurrency exchanges. People argue that they hold a coin for the long-term and don’t really care about the daily volume.

This is most definitely true. The inherent merits of a cryptocurrency are most definitely not associated with it being listed on a certain exchange, be it Binance. So, a logical question pops – why would someone care if the coin is listed or not, presuming they are “in it for the technology”? And this is where things take a twist.

The Other Side of the Story

At this point, it becomes rather clear that this particular narrative doesn’t stand on solid ground because people are obviously concerned about the price, perhaps even more so than the technology itself.

If an investor is holding a cryptocurrency for the long run, it being listed on Binance shouldn’t make a difference. But that’s usually not the case – people are rarely “in it for the technology” despite what they might claim.

The main concern is that if Binance decides to delist low-volume cryptocurrencies en-masse, this might cause a larger upset in the market because of the “Binance Effect.”

As we mentioned before, when a cryptocurrency is listed on Binance, it usually goes through a substantial increase. However, the opposite is also true. Last year, the exchange delisted Bitcoin SV, and it tanked more than 10% on the news. That’s just one example.

In any case, there’s no formal confirmation, and it remains interesting to see whether the exchange will really start delisting coins based on low volumes.

Featured image courtesy of Medium

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Source: https://cryptopotato.com/binance-might-delist-many-low-volume-coins-soon-cz-hints/

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Fidelity’s Crypto Subsidiary Targets Asian Investors To Buy Bitcoin

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  • Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely. 
  • Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets.
  • According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available to its clients, primarily based in Asia. The company outlined that the Asian market has been continuously growing in demand towards the cryptocurrency industry, especially from high-net-worth investors and family offices.
  • Stack further explained that all assets under its management will be audited monthly. The firm will provide insurance coverage, weekly contributions, and redemptions to enhance capital security.  
  • Stack’s co-founder, Michael Collett, said that Fidelity’s involvement will enable its company to attract even more investors from the region. 
  • On the other hand, Christopher Tyrer, head of Fidelity Digital Assets Europe, believes that “there’s a critical need for platforms which have a deep understanding of what local and regional investors are looking for.” However, he admitted that the digital asset space has “historically lacked” such platforms. 
  • After its success in the US, Fidelity Digital Assets expanded its cryptocurrency services to Europe last year. The company aims at entering the Asian market as well now with the Stack Funds partnership. 
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Source: https://cryptopotato.com/fidelitys-crypto-subsidiary-targets-asian-investors-to-buy-bitcoin/

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Hacked? Crypto Lending Platform Cred Suspends Deposits And Withdrawals While Cooperating With Authorities

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The popular cryptocurrency lending service Cred has announced that it has temporarily suspended all funds inflows and outflows. Without disclosing many details, the platform said it’s cooperating with law enforcement authorities to investigate an incident.

Cred Suspends Deposits And Withdrawals

The United States-based crypto lending platform, which recently announced joining Visa’s fast track program, updated its customers on Twitter regarding the latest troubling developments with a brief message.

“Unfortunately, we are unable to comment further at this time, but we will undertake to provide an update within the next two weeks. During this period, all inflows and outflows of funds will be suspended.” – read the statement.

Staying true to its fashion, the cryptocurrency community lashed out at Cred and its lack of details about what’s going on. This reaction prompted the lending protocol to comment once again. Firstly, Cred apologized for the concerns and inconveniences it has caused while it’s assessing the “business impact connected with a recent fraudulent incident.”

Furthermore, the post explained that Cred is currently cooperating with law enforcement authorities. However, it provided some reassurances claiming that “no client personal data or account information was compromised.”

It’s worth noting that Cred’s website reads that the platform works with “trusted security and insurance providers Fireblocks and Lockton to ensure that our customers’ digital assets have enterprise-grade security.” Nevertheless, several community members have questioned the state of their holdings on the platform, as they weren’t satisfied with Cred’s brief updates.

A Dissolved Partnership Saw This Coming?

Although it’s still unconfirmed if the so-called “incident” is indeed a hack, it seems that the issues have been transpiring for a while now. Days before Cred suspended deposits and withdrawals, one of its partners ended its relationship with the lending protocol.

The cryptocurrency wallet and trading platform, Uphold, announced on Sunday that users could no longer link their Uphold wallets to the third-party crypto lending provider Cred.

At the time of this writing, neither Uphold nor Cred have disclosed why their partnership agreement ended.

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Source: https://cryptopotato.com/hacked-crypto-lending-platform-cred-suspends-deposits-and-withdrawals-while-cooperating-with-authorities/

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