What is the difference between spread betting and CFD trading in the cryptocurrency market?

1 answers

• May 07, 2022 · 3 years ago
  Spread betting and CFD trading are two popular ways to speculate on the price movements of cryptocurrencies. While spread betting is more like gambling, CFD trading is a more traditional form of trading. With spread betting, you can bet on whether the price of a cryptocurrency will rise or fall, and potentially make a profit even if the price goes down. On the other hand, CFD trading allows you to buy and sell contracts for difference (CFDs) based on the price of a cryptocurrency. This means that you can profit from both rising and falling markets. However, it's important to consider the tax implications of CFD trading, as it is subject to capital gains tax in many countries.
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