Digital currency

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Unlike other asset classes (Forex, stocks, commodities, etc.), the cryptocurrency market is dominated by retail speculators. By trading cryptocurrencies, you'll be trading in a market without central bank intervention, interbank dealers controlling the flow of orders, or huge pension funds influencing prices.
Price fluctuations in cryptocurrencies such as Bitcoin and Ethereum are primarily driven by news and popular sentiment, namely the fear and greed of retail speculators. Sometimes, changes in these factors can lead to large intraday price swings, making cryptocurrencies an ideal product for aggressive and experienced day traders.

Desmond Cryptocurrency CFD products allow traders to trade long or short without holding crypto. This means traders can learn the price of cryptocurrencies without worrying about the security risks associated with storing cryptocurrencies and the risk from counterparty transactions. This is similar to trading energy futures, such as oil, rather than owning physical oil to speculate on its price.

Cryptocurrency CFDs Overview

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ASIC regulation
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