What are Cryptocurrencies?

Cryptocurrencies are a digital asset which can be exchanged on a digital network, which are outside the control of central banks.

There are literally hundreds, if not thousands of crypto currencies available. Yet it is Bitcoin that inspired many others to start their own cryptocurrency, although bitcoin remains the largest cryptocurrency in terms of market capitalisation.

Cryptocurrencies such as bitcoin and Ethereum have become an increasingly popular speculative vehicle. Their higher levels of volatility and exponential rise in prices, among significant market crashes, have certainly caught the public’s attention. But thanks to our crypto CFD offering, traders can take advantage of bullish (rising) and bearish (falling) markets with ease. And without the need to open a digital wallet.

How Can You Trade Cryptocurrencies with ThreeMarkets?

How Can You Trade Cryptocurrencies with ThreeMarkets?

ThreeMarkets provide access to crypto trading via CFDs (Contracts for Difference) which are a form of derivative. Not only do CFDs offer lower margin requirements than the underlying cryptocurrency, but traders can easily enter the market long (buy) or short (sell) and with much faster execution times than traditional crypto payment systems. And as a CFD is a derivative, the trader is not the owner of the underlying cryptocurrency.

Traders can access our cryptocurrency CFDs via our MT4 terminal, and All of our crypto CFDs are traded against the US dollar.

We currently offer five crypto CFDs, with more to follow:

Bitcoin

Bitcoin Cash

Ethereum

Ripple

Litecoin

MAKE TRADING SIMPLE

Cryptocurrency Trading Example

Entering a trade
long Bitcoin (BTC/USD)

Bitcoin is trading at 31,100 against the US dollar (USD). A trader expects it to rise in value, so they open one full contract and place a protective stop loss at 28,500 with take profit order at 37,500.

Exiting a trade
A profitable example

The next day, BTC/USD rises to 31,100 and automatically closes the trade for a profit.

The trader books a profit of $6,400
1 x (37,500 – 31,100) = $6,400

Exiting a trade
A loss example

However, if bitcoin depreciates to 28,500 or less, the trader’s stop loss order will be executive and the trade automatically closes at a loss.

The trader books a loss of -$2,600
1 x (28,500 – 31,100) = -$2,600

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