GoldentreeFX

Cryptocurrencies

Get direct exposure to the world’s leading cryptocurrencies. Take your crypto trading to the next level with Golden Tree FX’s best trading conditions. Start Now

About Crypto Trading

Cryptocurrencies represent one of the latest innovations of the financial world through which transactions are made without intermediaries, meaning that there is no intervention by a central authority or financial institution. We therefore refer to digital assets that are secured by cryptography and are distributed across a decentralised network.

Because of their virtual nature, cryptocurrencies are not backed by any real-world commodity or central bank. Instead, they rely on the law of supply and demand just like the value of a stock or currency does. Therefore, the price of cryptocurrencies fluctuates based on the number of people who want to buy or sell it at a given moment.

Cryptocurrencies are quoted in conventional currencies such as the US dollar

HOW-TO Trade Cryptocurrencies

The price of cryptocurrencies is greatly determined by their adoption rate. Given the decentralised nature of the market, they tend to remain unaffected from economic and political factors that usually influence traditional currencies.

By trading CFDs on Cryptocurrencies, a trader speculates on their price movement without taking ownership of the underlying asset.

Cryptocurrencies is an extremely volatile asset class due to huge amounts of short-term speculative interest, therefore, defining and controlling risk is essential.

Risk Warning :
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.