How does spread betting work in the context of digital currencies?

1 answers

• Sage WongNov 10, 2022 · 3 years ago
  Spread betting is a trading strategy that allows investors to speculate on the price movements of digital currencies without actually owning them. It works by placing a bet on whether the price of a specific cryptocurrency will increase or decrease within a given timeframe. The difference between the opening and closing prices of the bet determines the profit or loss. Spread betting offers the advantage of being able to profit from both rising and falling markets, as traders can take long or short positions. However, it's important to note that spread betting carries a high level of risk and should only be undertaken by individuals who have a good understanding of the market and are willing to accept potential losses.
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