6 new crypto CFDs available: ADA, LINK, DOGE, EOS, DOT and XLM
We are excited to announce that we are increasing our crypto CFD trading offering by adding support for a range of new cryptocurrencies, including ADA, LINK, DOGE, EOS, DOT, and XLM.
More coins, more opportunities
In addition to Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple, you can now trade a total of eleven cryptocurrencies with Axi.
Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), EOS (EOS), Polkadot (DOT), and Stellar (XLM) are now available to trade as cryptocurrency CFDs from today onwards.
Overview:
- Cardano (ADA) is a smart contract-enabled blockchain network backed by peer-reviewed research. On the back of numerous positive technical developments and new partnerships, the price of ADA is up 780%.
- Chainlink (LINK) allows blockchain networks to interact with external data feeds through Oracles to provide essential off-chain information required by complex smart contracts to function. Since the beginning of the year, the price of LINK tokens is up 106%.
- Dogecoin (DOGE) is the most popular meme coin in the market, based on the Doge Internet meme. Year-to-date, Elon Musk’s favourite dog-themed cryptocurrency is up by 3,701%.
- EOS (EOS) is a next-generation smart contract platform that allows for the development of decentralised applications. Since the start of the year, the value of EOS tokens has gone up by 48%.
- Polkadot (DOT) is a multi-chain protocol that powers cross-chain transfers of data or assets, allowing blockchains to become more interoperable. Year-to-date, Polkadot’s token, DOT, is up 330%.
- Stellar (XLM) is a smart contract-enabled blockchain network that focuses primarily on cross-border payments. Since the start of the year, the price of Stellar Lumens (XLM) is up 154%.
Past performance isn't indicative of future performance, please do your own research on cryptocurrency projects you want to trade.
In light of the strong demand for crypto trading, we plan to add more cryptocurrencies in the future.
Stay on top of the best-performing cryptocurrencies and advancements in the crypto space with our educational blockchain content.
Introducing crypto micros
In addition to offering a range of new cryptocurrencies to trade, we have also launched a new crypto trading product called Micros (Microtransactions).
Bitcoin and Ethereum Micros allow traders to trade 0.01 of a coin (as opposed to our standard minimum trading size of 0.1), enabling traders with less available trading capital to still take part in the crypto markets.
For example, if a trader wants to trade Bitcoin with around $100 initial margin, they can do that now because placing a trade with 20% leverage can now cost as low as $110 (= $55,000*20%*0.01) initial margin at the time of writing.
Want to start trading cryptocurrencies? Sign up for an Axi live trading account today!
The information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.
