📈 BTC | $57,409 (+$439, +0.8%)
📈 ETH | $3,630 (+$56, +1.6%)
📈 XRP | $1.13 (+$0.02, +1.9%)
📈 LTC | $178 (+$2, +1.3%)
📈 Total Crypto Market Cap: $2.36T (+2.7%)
🚢 Cryptocurrency margined crypto futures are declining in proportion against cash margined crypto futures. The potential implication of this is a decline in market volatility – as liquidations in crypto-margined futures tends to cause the value of the collateralised cryptocurrency to rise or plunge as well (as opposed to a liquidation in cash-margined futures).
⛏ The USA is now the “largest” crypto mining country in the world, with China’s share effectively dropping from over 60% earlier this year, to virtually zero. Since China’s crypto miningcrackdown in June, crypto miners have interestingly been expanding in several locations simultaneously, likely wary of further crackdowns crippling their entire operation at once.
🏦 The amount of crypto locked into Decentralised Finance (DeFi) protocols has risen past $200 billion, having doubled since June.
🎉 Polkadot’s (DOT: +18%, Ethereum competitor) parachain auctions, where projects are allocated limited slots for on the Polkadot network based on “voting” by holders of DOT tokens, is now set for the 11th of November.
Cryptocurrency CFD is available for trading on Phillip MetaTrader 5 (MT5).
Features of trading CFD
- Trade in both the bull and the bear markets
The ability to enter a long and/or short position allows traders to take advantage of both rising and falling markets.
- Smaller barrier to entry
CFDs typically have flexible and smaller contract sizes. This means that traders will be able to enter into a CFD contract with a modest amount of capital.
- No expiration date or risk of delivery
Unlike futures which commonly have a fixed expiration date, CFDs allow traders to perpetually hold the position(s). CFDs are cash settled, no need to worry about the delivery of the underlying asset.
Trade Bitcoin, Ethereum, Litecoin, and Ripple CFDs at zero commission on Phillip MetaTrader 5, a dynamic platform that offers low spreads. Integrated with Autochartist and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.
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What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.