FxPro further expands crypto CFD offering
Global retail FX and CFD broker FxPro has further expanded its offering of contracts for difference based on crypto-assets. In response to demand from its clients, the broker has further enriched its crypto CFD range to include the following 12 new additions:
- Aave is powered by an Ethereum token and allows users to lend, borrow and earn interest on Crypto assets.
- Filecoin is created by Protocol labs and allows users to rent unused hard drive space.
- Luna coin backs algorithmic stablecoins such as Terra, and token holders are entitled to compensation for volatility where they are paid a portion of transaction fees.
- Solana is one of the hottest cryptos recently and is the fastest blockchain in the world, providing DeFi (decentralised finance) solutions.
- Uniswap is a growing network on DeFi Apps that are used to exchange cryptocurrencies. Based on the Ethereum blockchain.
- Cardano, another hot crypto lately, is a proof-of-stake blockchain platform founded in 2015 by Charles Hoskinson, who co-founded Ethereum.
- Polygon’s mission is to provide cheaper and quicker transactions on Ethereum using Layer 2 sidechains. Its sidechains can work with all blockchain technology, however.
- SushiSwap is an automated market maker (AMM) that allows users to trade crypto tokens using smart contracts where SushiSwap automatically sets prices.
- Theta is a peer-to-peer video network that provides high-bandwidth content for free on the native open-source blockchain protocol.
- Tezos is a decentralised blockchain network executes peer-to-peer transactions and acts as a platform for smart contracts.
- Tron was founded in Singapore in 2017 by Justin Sin and is an advanced blockchain platform dedicated to building a truly decentralised internet.
- VeChain aims to streamline supply chain management and business processes through the use of distributed ledger technology, and the token is used to transfer value across the network.
The latest additions are announced less than a month after the company expanded its CFD product offering to include 38 of the hottest new stocks in the market and a range of popular cryptocurrencies.
Let’s note that CFDs on crypto are not available for retail clients of FxPro UK Ltd (UK) due to regulatory factors. As FX News Group has reported, the UK Financial Conduct Authority (FCA) has banned the offering of CFDs based on crypto-assets to retail clients. The ban got into effect in January 2021.