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Which digital currency pairs are most commonly traded using CFDs?

avatarBhavsar AnkitDec 26, 2021 · 3 years ago3 answers

Can you provide a list of the digital currency pairs that are frequently traded using CFDs? I'm interested in knowing which cryptocurrencies are commonly used in CFD trading.

Which digital currency pairs are most commonly traded using CFDs?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Some of the most commonly traded digital currency pairs using CFDs include Bitcoin (BTC)/US Dollar (USD), Ethereum (ETH)/US Dollar (USD), Ripple (XRP)/US Dollar (USD), and Litecoin (LTC)/US Dollar (USD). These pairs are popular among traders due to their high liquidity and volatility, making them ideal for CFD trading. However, it's important to note that the availability of specific currency pairs may vary depending on the trading platform or exchange you use. Make sure to check with your chosen platform for the exact list of available pairs.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to CFD trading, popular digital currency pairs include Bitcoin (BTC)/US Dollar (USD), Ethereum (ETH)/US Dollar (USD), Ripple (XRP)/US Dollar (USD), and Litecoin (LTC)/US Dollar (USD). These pairs are widely traded due to their market dominance and high trading volumes. Additionally, they are often considered as benchmark pairs in the cryptocurrency market. However, it's important to remember that the popularity of currency pairs can change over time as new cryptocurrencies gain traction or market dynamics shift.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a wide range of digital currency pairs for CFD trading. Some of the most commonly traded pairs on BYDFi include Bitcoin (BTC)/US Dollar (USD), Ethereum (ETH)/US Dollar (USD), Ripple (XRP)/US Dollar (USD), and Litecoin (LTC)/US Dollar (USD). These pairs are popular among traders due to their liquidity and potential for profit. However, it's always recommended to conduct thorough research and analysis before engaging in CFD trading to ensure you make informed decisions.