The Mysterious Trading World of Ethereum

Posted by Kirhat | Wednesday, March 28, 2018 | | 0 comments »

Ethereum Trading
Ethereum was launched back in 2015 and was classified initially as a cryptocurrency. However, it was not created to co-exist alongside Bitcoin, Bitcoin Cash, and Litecoin in order to compete against fiat money. Ethereum is best known for its smart contract capability.

A smart contract is where contracts are written in code and then uploaded onto Ethereum’s blockchain, making them free from manipulation. The advantage of smart contracts is that it removes the need for lawyers and other middlemen, eliminating time waiting times and hefty fees associated with the use of lawyers.

With the growth of the Initial Coin Offering market, Ethereum’s blockchain technology has also made it the cryptocurrency of choice for companies and projects raising funds through the ICO market, with ICOs requiring investors to exchange Ethereum with the ICO token in question.

Ethereum is the second largest cryptocurrency by market capitalization, with a market capitalization of US$ 71.81 Billion.

Trading cryptocurrencies have become incredibly popular, with the volatility seen across the cryptomarket drawing in both seasoned traders and those looking to try something new in the interest of making a few extra dollars each day.

Trading Ethereum is one of the more popular trades, with Ethereum’s ranking as one of the top cryptocurrencies providing some comfort to investors that it will still be in existence tomorrow.

Crypto exchanges provide platforms for traders to either trade the cryptocurrency itself or to trade an alternative instrument called Contract for Difference (“CFD”), which is an instrument that tracks Ethereum’s movements, without actually owning Ethereum.

When trading with CFDs, it’s a far simpler process, with the only major step being to open a trading account with a reputable broker, without the need to create wallets and so on. It is worth noting, however, that holding Ethereum CFDs means that you are not able to make purchases or transfer to other parties and is simply an instrument to give you exposure to the volatility and not Ethereum itself and its attributes as a cryptocurrency.

Exchanges in Russia offer both, the trading of Ethereum coins and also the trading of Ethereum CFDs, with one of the most well-known being Libertex, which provides a platform for the buying and selling of cryptocurrencies with traditional fiat money and additionally offers the trading cryptocurrency pairings ETH/BTC; BCH/BTC and LTC/BTC.


Post a Comment