Plus500 launches the new Top Ten cryptocurrency index

Plus500, a leading stock, forex, CFD, and cryptocurrency broker, recently launched a new financial instrument that will allow its clients to trade the top ten cryptocurrencies at once. This new Crypto 10 index incorporates Bitcoin and the nine most popular and established altcoins in a single trade.

Crypto 10 Index

Plus500 News Index was built by BITA, a European BaFin-regulated indexing software company in Germany, and creates a new way of trading CRYPTOCURRENCY. index allows broker clients to speculate on overall crypto market sentiment without risking the high volatility that a single currency would exhibit.

BITA’s Crypto 10 Index helps traders take advantage of this steady growth of cryptocurrencies, blockchain, and DeFi applications that go long or short in the performance of a basket of superior tokens. currencies embedded in the index are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), Cardano (ADA), Monero (XMR) and dash (SCRIPT) and Bitcoin SV (BSV). Each component is weighted differently, based on many factors, such as market capitalization. Reassuringly, more than half of the index is made up of BTC, ETH, and XRP, providing a strong foundation of established and proven projects with large market share.

Cryptocurrency CFDs

Over the course of 2020, the major cryptocurrencies increased their market value by 159%, something that Bitcoin (BTC) had in 2021, reaching $ 64,863 in April. However, this is not the only impressive growth in the DeFi industry, with Ethereum-based contracts and assets like NFT taking the internet by storm. most expensive NFT, a digital artwork from Beeple, sold for $ 69 million in February 2021.

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option to trade CFDs (contracts for difference) on cryptocurrencies is popular and brings many benefits, such as leverage, lack of ownership, bearish opportunities, and lower risk of capital theft. se benefits, along with the liquidity, interest and volatility of the cryptocurrency markets, have made cryptocurrency CFD trading a huge industry.

Plus500 platform

However, the combination of leverage, youth, complexity and volatility has led the FCA and some other financial regulators to prohibit the sale of these instruments to retail clients. Individual investors from these restricted countries can still buy and trade cryptocurrency CFDs with offshore brokers.

About Plus500

Plus500 is an innovative London-based broker offering a competitive set of 2,000 financial instruments, including Behavior, Options, Forex, Cryptocurrencies, and CFDs. brokerage firm is listed on the London Stock Exchange (LSE) and has 15 years of financial experience and thousands of retail clients. Licensed by FCA, CySEC, and ASIC, the broker is reputable and trustworthy.

To start trading with Plus500, retail clients need a minimum deposit of $ 100 and one of 16 supported payment methods, including bank transfers, credit cards, and e-wallets like Skrill. Clients can take advantage of the broker’s range of proprietary trading platforms, including an integrated web operator, a stock-focused investment platform, and iOS and Android mobile apps.

This new Crypto 10 DeFi index demonstrates Plus500’s commitment to continue providing high-end retail business services, something that will likely continue thanks to the new Tel Aviv R&D center.

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