TMS Brokers is expanding its CFD offer on cryptocurrencies with 5 new coins

Avalanche, Kusama, Moonbeam, Solana i Polygon - customers from now on TMS Brokers will have the opportunity to invest another 5 CFDs on cryptocurrencies. This is another time this year when the Brokerage House is expanding its crypto offer.

The world of cryptocurrencies is constantly expanding - there are more and more investors and the instruments themselves, of which there are currently even several thousand. Investors are looking for an offer in which, apart from standard coins - Bitcoin or Ethereum - there will also be slightly younger positions. With this trend in mind, TMS Brokers is introducing five new CFDs to its product range.

From snowflake to avalanche

Avalanche (AVAX) is a blockchain that was created to combine scaling and quick acknowledgment time via the Avalanche Consensus Protocol. It can process 4500 TPS (transactions per second). Its name was to reflect the scale of the operation, which the authors described in the report Snowflake is Avalanche (From snowflake to avalanche).

Canary warning

Kusama (KSM) is called its "canary" system because it works by analogy to the colored birds that have been used for centuries in coal mines to alert miners to carbon monoxide and other poisonous gases. Kusama's task is to warn and help in detecting all kinds of irregularities in the Polkadot code base. The project quickly gained dizzying popularity. 

Goal: cheaper, simpler, faster

Moonbeam in turn - and its native cryptocurrency GLMR - creates a bridge between Polkadot and Ethereum, facilitating the functioning of interoperable applications. The goal of Moonbeam was to reduce the cost of maintaining Ethereum. In order to avoid high fees, it was decided to limit the time spent by developers in favor of a simpler system. 

Solana - together with its native coin SOL - is a blockchain network that has set itself the goal of high transaction speed and high bandwidth. Thanks to an efficient mechanism based on Proof of History, the creators improved the scalability of the cryptocurrency, which has always been a big challenge on the market. 

Polygon (also known as Matic Network) is a protocol and framework for building and connecting blockchain networks compatible with Ethereum. Its creators, as in the case of the Solana coin, attach great importance to the speed of action. The sidechain Proof of Stake is used here, i.e. a kind of parallel chain that is connected to another blockchain. It enables lower fees and efficient bandwidth.

Full list CFDs on cryptocurrencies available in the offer of TMS Brokers is on the broker's website.