Cryptocurrency trading has become extremely popular in recent years, and many forex brokers have also jumped on this new trend. For the most part, these forex brokers have chosen to focus on the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple XRP. It is also worth noting that most forex brokers offer these cryptocurrencies as CFDs rather than the “physical” cryptocurrency, which makes it much easier to make money by shorting them for example.
The underlying market for cryptocurrencies is traded 24 hours a day, 7 days a week, and it is much more volatile than the forex market. For this reason, the maximum trading leverage is usually lower than in the forex market. However, there are still plenty of opportunities to make big profits for traders who can remain disciplined through the wild price swings that characterizes the crypto market.