Cryptocurrency market is dominated by retail speculators. With Cryptocurrencies, you will trade in a market where there is no central bank intervention, without any interbank dealers controlling the order flow or changes in the giant pension funds. Price movements on Cryptocurrencies like Bitcoin or Ethereum are driven primarily by news and prevailing sentiment, i.e. the fear and greed of retail speculators. These sometimes cause dramatic shifts which leads to massive intraday price swings, making Cryptocurrency an exciting product for aggressive and experienced day traders. The KP International Group Australia PTY LTD Cryptocurrency CFD product allows traders to go long or short without actually holding the Cryptocurrency. This means traders can get exposure to the price of the Cryptocurrency without worrying about the security risks associated with storing it and the counterparty risk from the exchange. This is similar to trading Energy Futures such as oil rather than owning physical oil to speculate on its price. The following Cryptocurrencies are available to trade with KP International Group Australia PTY LTD
The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.
As the world's second-largest cryptocurrency, it is labeled by many as "the next Bitcoin". Ethereum has received international recognition and support from prominent organizations such as Microsoft, JP Morgan, and Intel.
Designed by a former Google engineer to improve on Bitcoin's technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.
Dash's main focus is on instant transactions and owner's privacy. Dash has an infrastructure that enables much faster transactions than other Cryptocurrencies and therefore displays higher liquidity than many of its counterparts.
Bitcoin Cash is a result from a hard fork of the Bitcoin blockchain. It increased block sizes from 1 megabyte to 8 megabytes without incorporating SegWit.
Advantages of trading Cryptocurrency with KP International Group Australia PTY LTD
- Regulated by ASIC
- 1:100 Leverage
- Instant cash settlement of trades in your account currency
- Go long and short for increased opportunities