Crypto.com launches Contracts for Differences on its app
Not long after adding PayPal (NASDAQ: PYPL) as a payment method to its network, Crypto.com introduced CFDs (Contracts for Differences), a new cryptocurrency derivatives trading feature for its app, with the goal of increasing trading opportunities for more than 40 crypto assets. Indeed, CFDs, which emulate trading an underlying asset without requiring the user to hold it, instead providing exposure to its price action so they can forecast if it will climb or decline – and profit if their predictions are correct – are already available in certain regions, the company said on September 26. Specifically, CFD trading is currently available 24/7 in the Crypto.com app in jurisdictions such as Barbados, Chile, Egypt, El Salvador, Ghana, India, Kenya, Mexico, Philippines, Vietnam, and others, while the United States, United Kingdom, and the European Union countries are waiting their turn. Picks for yo...