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Ethereum

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Ethereum

Instrument:ETHEREUM
Typical Spread (Pips):0.15% Over-market
Leverage (Pro):25:1
Margin (Pro):4%
Leverage (Retail):2:1
Margin (Retail):50%
Minimum Nominal Trade Size:1
Overnight Interest (daily) Sell:0.0000%
Overnight Interest (daily) Buy:-0.0667%
Trading Hours (GMT):24/7
Exchange:N/A
MT5/cTrader Symbol:ETHUSD

Ethereum Trading

There has always been talk about ‘flippening’ in crypto circles. This is a hypothetical moment when the market capitalisation of Ethereum edges past that of Bitcoin. But it is not just talk when ‘flippening’ was suggested by Goldman Sachs. In a note to its clients in July 2021, the investment bank touted Ethereum as the coin that will eventually win the cryptocurrency race. Goldman Sachs highlighted the several advantages Ethereum has over Bitcoin, such as speed and security, as well as the blockchain network that enables decentralised finance (DeFi) and smart contracts.

At the time Goldman sent the note, the market capitalisation of Bitcoin was about $600 billion, while that of Ethereum was around $250 billion (less than half that of Bitcoin). Ethereum has been a solid number two for many years, but it is easy to see why Goldman Sachs backs it for the crown. Most dApps (decentralised applications) run on the Ethereum blockchain platform, but the last few months have seen its potential soar even further. DeFi has offered an alternative to the current centralised financial system, creating a global, open, and transparent solution that will allow anyone to borrow, save, invest, trade, or perform any financial activity within the blockchain. DeFi is already a multi-billion industry, and most projects are hosted on the Ethereum network. While DeFi is gathering pace, NFTs have literally exploded. NFTs are tokens that digitise all manner of assets on the blockchain. There is already an NFT that has been sold for $69 million, and the industry is just getting started.

Ethereum has all the credentials to make ‘flippening’ a self-fulfilling prophecy. And the Goldman Sachs thumbs-up can only affirm the belief of investors and encourage Ethereum trading.

What are the advantages of Trading Ethereum with Today Markets.com?

When you trade ETH with Today Markets you can find advantages that you wouldn’t necessarily find when working with an exchange. These include:

Short Selling - With most investment types like stocks you would BUY low and Sell high for a profit. With short selling you are shorting the asset, which means SELL high and BUY low. This allows a trader to trade in bearish markets (falling) too. In other words, short selling is driven by the belief that a price index will decline, allowing it to be bought back at the lower price to profit.
Lower capital requirement - Rather than buying the ETH itself, you are speculating on its price movement. This means that you do not need such a large sum to gain exposure to the asset. In fact, with Today Markets you can trade ETH and other cryptocurrencies with just $100 to start.
Leveraged Trading - This is a major advantage commonly used by professional traders. It allows you to open a much larger position than your capital would dictate. Leverage can magnify your potential profits, and at the same time, can magnify your losses.

Why Trade Crypto CFDs With Today Markets.com?

Uncompromised Safety - With seven regulatory authorities and segregated accounts, your money is protected at all times.
Many Cryptos to Choose From - Trade on the wide variety of individual cryptos or the top crypto index available on our trading platforms.
Crypto Never Goes to Sleep - Today Markets is one of the few brokers offering around-the-clock service and support in 15 languages.
Generous Leverage - Increase your initial capital with generous leverage and get far more exposure to trade using your account balance. Up to 2:1 (for EU residents) 25:1 (for non-EU residents).
Limit Your Risk - You can preset profit and loss levels by using stop losses or take profit limits when you trade. Determine the maximum amount you are prepared to risk when speculating on the price, or set a price at which you want to take profits. Future orders like Buy Stops and Buy Limits are also available.
Trade Cryptos Against Fiat Currencies - Unlike many exchanges out there, who are restricting their clients to trade only Crypto to Crypto, our clients can trade Cryptos against Fiat currencies (USD, EUR, JPY etc.), as well.

What are the Advantages of Ethereum Technology?

The app can never be turned off
Applications are protected against fraud and hackers due to the secured cryptography
It cannot be censored, since the apps are based on the principle of a group decision- making process
A third party cannot make changes to any of the data
Ethereum has more applications than Bitcoin does

Mist browser is the interface and digital wallet for Ethereum users. With it people can store, trade, and manage their contracts. Mist and MetaMask (another browser) help make blockchain-based applications easily accessible. Ethereum is moving forward with its user-friendly platform, which enables people to make use of the blockchain technology.