Although it is still much smaller than the traditional currency market, the cryptocurrency market is a new financial market that has gotten a lot of attention in recent years. During the cryptocurrency bull market of 2017, many CFD & forex brokers also jumped on this bandwagon and started offering CFDs on the most popular cryptocurrencies.
What separates cryptocurrency CFDs from “physical” cryptocurrencies is that the trader cannot take his cryptocurrency CFDs and send them to other users or wallets outside of the broker’s own platform. However, there are also benefits with using CFDs, such as how easy it is to make money by shorting them, and the fact that they can be traded with leverage.