In the past few years, crypto derivative trading has taken off. There is another way to buy and hold cryptos that have appealed to traders who want to make the most out of price movements by using leverage.
However, there are risks associated with CFD trading, especially when it comes to cryptocurrency. In 2021, large exchanges had to cease operations due to regulatory issues leaving crypto derivatives traders with no place to trade. That’s where Eightcap, a multi-award-winning regulated CFD broker stepped in, with a fresh offering that stood out for its extensive range of crypto coins, crosses and indices, all paired with low spreads. On top of that, derivative traders with Eightcap have access to multiple funding options and super quick withdrawals.
We sat down with Marcus Fetherston, Head of Operations at Eightcap, to discuss the broker’s award-winning crypto derivative offering, the current trends in crypto, and to delve deeper into the problems derivative traders are facing. This is what he had to say.
With increasing volatility in the crypto market, why should people trade Crypto derivatives?
There hasn’t been a better time for derivative products, especially crypto. We have seen crypto assets move into downwards trends and sideways markets over the past year. Bitcoin has been reaching all-time highs, and we have witnessed crypto coins such as Dogecoin, Shiba Inu, and Cardano also gain momentum in the markets. This has brought in an influx of traders who want to make the most out of crypto market movements. One of the ways to do this is through crypto…