DeutschThe abbreviation CFD stands for Contract for Difference or its German equivalent Differenzkontrakt (contract for difference).
What are CFDs?
CFDs are an alternative to the direct purchase of digital currencies. Market participants can use such products to speculate on the rising or falling prices of cryptocurrencies. Low minimum stakes and high maximum returns are two major advantages of this approach. In addition, traders can take advantage of leverage to use a multiple of their own capital – with a correspondingly higher risk. Those who buy cryptocurrencies as CFDs cannot use them technically.
