SGT 0815
📈 BTC | $43,028 (+471, +1.1%)
📈 ETH | $3,038 (+128, +4.4%)
📈 XRP | $0.93 (+0.00, +0.1%)
📉 LTC | $150 (-0.4, -0.3%)
📈 Total Crypto Market Cap: $1.91T (+0.8%)
🙃 El Salvador’s Bitcoin adoption (7th Sept) has been running into problems nonstop – starting with the ‘glitchy’ Chivo crypto wallet, and ending with many El Salvadorans actually preferring to hold US Dollars instead, particularly after the recent dive in Bitcoin’s price.
💵 Skybridge Capital founder – and notable crypto investment enthusiast Anthony Scaramucci has shared that he has not seen large-scale crypto investment by the financial services industry although interest in decentralised finance’s growth is continuing to rise.
🇨🇳 China announced last week a 10-agency taskforce (including the PBOC) that would work together to track down and punish crypto-related activities. Longer-term investors would likely find this announcement old-hat though, with Chinese regulators seemingly banning Bitcoin anew on an annual basis.
🦄 Ethereum-based de-centralised exchanges (DEXs) Uniswap (+23%) and Sushiswap (+19%) have risen strongly in the wake of the Chinese ban on cryptocurrency activities. DEXs allow users to swap cryptocurrencies without an intermediary.
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 Acuity Signal Centre and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.
Download Trading Central’s Market Buzz for updates on more topics.
What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.