The summer months have historically been a slow period for markets, though there is plenty of volatility if you know where to look. This includes the crypto markets, which have continued to see sizable moves over the past two months.
EuropeFX has recognized this trend in markets, bolstering its crypto portfolio with an additional 14 crypto CFDs for trading against the US dollar. The new basket of assets includes popular names such as Dogecoin, Cardano, Stellar, and several others.
A full list of newly added assets can be viewed below:
No Summer Lull for Crypto
Crypto markets have been fluctuating wildly since the middle of May, when many major coins dropped abruptly.
This opened up many cryptos to buying opportunities, which can explain the resurgence of volumes and overall prices in recent weeks.
After months of concurrent hype and growth, many investors had been priced out of the market – this all changed in May as lower prices have attracted even more buying interest.
Unlike other markets such as equities, forex, and commodities, the summer months have done little to mitigate the volatility seen in crypto markets.
As such, the asset class remains extremely popular at a time when many other markets are reduced to a standstill.
EuropeFX’s latest move represents its largest foray into crypto trading to date. Previously, the brokerage offered access to Bitcoin, Ethereum, Litecoin, Ripple, and Dashcoin CFD trading against the USD.
With the newly expanded, list, EuropeFX will now support a total of 19 different cryptos for trading.
Learn more about EuropeFX and open an account today.
Risk Warning: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 83.35% of retail investor accounts lose money when trading CFDs with this provider. The information contained in this market overview should in no way be construed as investment advice and/or as a proposal and/or request for trading activities and financial transactions. The data contained in this market overview is not necessarily real-time or error-free. The data and prices on the material are not necessarily provided by a market or exchange, but by market makers, so that prices may not be accurate and may differ from the actual price in a particular market, meaning that prices are indicative and not suitable for trading purposes. There is no guarantee and/or prediction of future performance. EuropeFX, its affiliates, agents, directors or employees do not guarantee the accuracy or validity of any information or data provided and shall not be liable for any loss arising from any investment based thereon. Trading Forex/CFD’s carries a high level of risk and may result in the loss of your entire investment. Forex/CFD’s are leveraged products and therefore trading Forex/CFD’s may not be suitable for all investors. It is recommended not to invest more money than you can afford to lose in order to avoid significant financial problems in case of losses. Please make sure that you define the maximum risk for yourself.
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