Introducing 6 New Crypto CFDs Pairs for Expands Crypto Liquidity

June 7, 2024
Posted by: Jackson Bennett
Category: Crypto, News

The leading Prime of Prime (PoP) liquidity and technology provider, B2Broker, is again hogging the limelight in the crypto market. This time around they have added six new crypto CFDs pairs to the liquidity platform to meet traders’ growing demand. Both of these pairs have been selected after careful consideration due to their exceedingly high turnover and demand.

This is true given that more and more investors are using cryptocurrencies as a means of storing value and transacting while investment firms have recently approved BTC and ETH spot ETFs, indicating that demand for these asset classes is rising alongside interest in crypto CFDs trading.

What are CFDs?

Trading CFDs allows traders to leverage derivative products, meaning they can trade price fluctuations of an underlying asset without needing to own them. This makes it possible to make profits within a falling or rising market, thereby making cfd trading look very appealing.

Advantages of trading Crypto CFDs

Trading crypto CFDs comes with several advantages: Trading crypto CFDs comes with several advantages:

Leverage: Another consideration is that CFDs can be traded with the help of leverage which means that you can trade really big amounts of the underlying instrument on really small deposits.

Liquidity: Crypto markets are not paralleled by as far as liquidation is concerned hence the ease in the buying and selling of the cryptocurrencies.

Diverse Trading Options: The trading that can be done through CFDs is extensive of the cryptocurrencies giving a trader the possibility of expanding their portfolio.

Market Factors Affecting Segmentation of CFD

The popularity of crypto CFDs has been driven by several factors: The popularity of crypto CFDs has been driven by several factors:

Increased Crypto Adoption: The market is experiencing high participation from people and institutions, driving the demand for cryptocurrencies.

Regulatory Approvals: Trading of Bitcoin and Ethereum spot ETFs has brought more investors into trading to enhance the digital currency’s legitimacy.

Technological Advancements: Technological advancement and communication have favoured CFD trading as trading platforms have become better with better connections.

B2Broker’s Expansion in Crypto Liquidity

B2Broker is successfully providing its services as a liquidity and technology provider for the financial markets. The spans liquidity solutions, white label platforms, and brokerage technology solutions, among others. These include stability, constant functionality, and having multiple connection types with external servers and clients.

Detail of the New Pairs of CFD

Starting Monday, June 3rd at 6 AM GMT, B2Broker introduced six new crypto CFDs pairs: It has TON/USD, FET/USD, RNDR/USD, CAKE/USD, ICP/USD, and APT/USD as it is an active cryptocurrency and tokens trading platform. Both these enhancements have added up to reach 140 different Crypto CFDs pairs made available by B2Broker.

Strategic Reasons for Expansion

The expansion of B2Broker’s crypto liquidity offerings is driven by several factors:

Client Demand: Due to the following reasons: in response to client and customer feedback about the current and existing products in the market.

Market Opportunities: Interpreting characteristics that correspond to high growth potentials.

Technological Advancements: Continuous and effective usage of sophisticated trading tools and platforms to deliver superior client satisfaction.

While percentage changes of some newcomers are going down or stable, it is concerning to see that trading volumes of new Crypto CFDs pairs are also not very impressive; The details of new Crypto CFDs pairs are as follows:

TON/USD

Toncoin’s native token, SAN, was originally introduced as part of the ‘Telegram Open Network’ (TON) in 2018. Since then, it has evolved into a robust layer-one blockchain platform. It leverages support for multiple blockchains, DNS, and storage, and currently supports more than 650 dApps, Notcoin inclusive. In the preceding year alone, Toncoin hit an impressive value increase of 280% which has placed the token in the list of Top 10 cryptocurrencies based on market capitalization.

24-Hour Trading Volume: $500M

Market Cap: $17B

Total Supply: 5. 1B TON

FET/USD

Fetch. FET or Federation of Emergent Teams is a P2P network for self-organizing agents/bots that can interact with one another through the use of AI and machine learning. Founded in 2017 with participation from AI and blockchain alternative, Fetch. The FET token was launched in 2019, AI in collaboration with Binance. The token’s market capitalization rises by up to 7000% within a year bolstered by innovations in AI and increased market heat.

24-Hour Trading Volume: $190M

Market Cap: $1. 8B

Total Supply: 2. 6B FET

RNDR/USD

Founded in 2017, the Render Network effectively transforms computation services for massive operations, including AI learning. It provides an interface for the GPU power provider and consumer through the blockchain-based P2P network with fail-safe rendering. In the given year, the value of RNDR tokens has increased by anastronomical 280 percent.

24-Hour Trading Volume: $250M

Market Cap: $4. 0B

Total Supply: 530M RNDR

CAKE/USD

It serves as an ERC-20 token that enables users to trade on PancakeSwap, one of the largest multi-chain DEXs. PancakeSwap has quite an impressive achievement, having a trading volume of 711B, 1. 8M users, and $2.Nine distinct blockchains currently lock a total value of 24 billion dollars. Traders and defi enthusiasts can use CAKE in a variety of purposes such as staking, farming rewards, lotteries, team battles, initial farm offering (IFOs), and nfts.

24-Hour Trading Volume: $230M

Market Cap: $800M

Total Supply: 385M CAKE

ICP/USD

DFINITY Foundation initiated the project named Internet Computer in 2021 with the aim of creating a “World Computer” capable of running almost any Internet service, regardless of conventional IT support.

The recent increase in value stems from the community’s incentives driving it, as they use the ICP token for governance, payment for bargain and compute nodes, and incentivize participation.

24-Hour Trading Volume: $80M

Market Cap: $5. 7B

Total Supply: 520M ICP

APT/USD

Ex-Facebook employees started Aptos in 2022, aiming to provide developers with productive tools and resources. The network operates on a Proof of Stake (PoS) consensus mechanism. It is mainly concerned with the web3 application and the development of a sustainable ecosystem of decentralized applications (DApp).

On-chain delegations of APT holders allow for staking APT for consensus and governance in the chain. Given that it enjoys the support of deep-pocketed investors and has a comprehensible development plan, Aptos is drawing considerable trader interest.