Plus500 and InstaForex are expanding their CFD offer to cryptocurrencies

Recently, not a week has passed without one of the leading brokers not informing about the introduction of new cryptocurrencies. This time, brokers decided to expand the instruments available for trading Plus500 and InstaForex.

Check it out: Forex Brokers Offering Bitcoin Trading - Summary

Wanted CFDs on cryptocurrencies

Expanding the range of crypto instruments is a response to the needs of traders. The comfort and possibility of speculating on many markets from one account is something that is highly sought after. After all, not every speculator plans to delve into what blockchain is or how virtual token wallets work. All you need to earn is functional platforms, regulations and appropriate volatility on the market. And there is an abundance of this on cryptocurrencies. The symbolic leverage available from Forex brokers is just an add-on.

New products in the Plus500 offer

Israeli broker Plus500 announced the expansion of the CFD offer to cryptocurrencies based on such tokens as Solana (SOL), Polkadot (DOT), Polygon (MATIC) and VeChain (VET).

• Solana - similar to Ethereum i Cardano, this blockchain cryptocurrency was designed to support decentralized applications. But unlike Ethereum, Solana is more environmentally friendly as it belongs to a blockchain type known as PoS (Proof of Stake).
• Polkadot - The revolutionary blockchain technology that connects multiple blockchains into a single network is designed to allow the consumer to control online monopolies.
• Polygon - A protocol and framework designed to build and connect blockchain networks that are Ethereum compliant. This cryptocurrency was previously known as the Matic Network (MATIC).
• VeChain - This blockchain technology platform aims to improve supply chain management and corporate processes. VeChain uses registry technology to simplify these processes and information flow. After reaching a record price in April this year, it is now traded at a much lower price.

News in the InstaForex offer

An international broker followed the blow even harder InstaForex, expanding its CFD offer with new 49 cryptocurrencies. In total, customers already have as many as 68 of them at their disposal. In addition to well-known projects, there are also less popular ones, such as 0x, BandProtocol, Cartesi, InjectiveProtocol, Ren or recently described by us Loopring. The leverage for each CFD crypto instrument is 1: 2.

In addition, from November 15, 2021, 2 new stock exchange indices as well as CFDs on 8 companies from the Polish stock exchange were added to the offer.