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#1 18-10-2021 17:40:24

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 3176
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XTB updates its cryptocurrency offer

XTB updates its cryptocurrency offer


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Cryptocurrency trading is booming. From individual day-traders to institutional investors, crypto assets are now a regular feature in investment portfolios. To ensure that clients can access these new digital assets, XTB has expanded its list of cryptocurrency-based CFDs. Dogecoin, Polkadot and Stellar are now available alongside established assets such as Bitcoin and Ethereum.

New cryptocurrencies

In the first half of this year, 20% of XTB traders executed at least one trade with crypto CFDs, while for one tenth of new clients, it was the first type of trade made.

Following the surge in trading activity, XTB has tripled the number of cryptocurrencies available on its platforms. Users can now take positions in Cardano, Binance Coin, Dogecoin, Chainlink, EOS, Uniswap, Polkadot, Stellar and Tezos. Traders also have access to the following pre-existing tokens: Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Among the new additions, three digital currencies in particular are worth noting:

Arrow Polkadot (DOT) - Launched in 2016 and founded by former Ethereum directors, Polkadot supports multiple blockchains and currently ranks 10th among crypto-currencies in terms of market capitalisation.

Arrow Dogecoin (DOGE) - Originally launched as a joke and in opposition to Bitcoin's market dominance, Doge has gained popularity in recent years, spurred by its prevalence in the meme space. It's important to note that Doge is an inflationary digital currency, which means its supply is not limited.

Arrow Stellar (XLM) - Founded in 2014 by a co-creator of Ripple, Stellar is a sophisticated financial network that facilitates cross-border payments in multiple currencies. Its rise in value has attracted investor attention on several continents.

New spreads

XTB offers its new crypto assets with impressive spreads, starting at 0.22% of the market price. These spreads are competitive with other major crypto CFD providers, allowing traders to minimise their costs. Users can view the spreads in real time on XTB's desktop and mobile trading platform.

Note that spreads vary depending on market conditions, so investors should expect to spend more during periods of high volatility and low liquidity.

About XTB

XTB Group is a leading provider of crypto CFDs alongside 2,100 forex, stock, index, commodity and ETF CFDs. The multi-regulated broker holds licenses with several trusted agencies, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).

Clients can invest and speculate with up to 1:30 leverage and can use the broker's mobile trading alert service to gain market insight. XTB offers two real accounts, aimed at retail traders and professional investors.

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