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Eightcap Launches CoinDesk 20 CFD for Retail Traders
Eightcap has launched a contract for difference (CFD) based on the CoinDesk 20 Index (CD20), which tracks major digital assets. Key details include:
- The CD20 CFD is available for both fiat and USDT trading.
- It operates as an over-the-counter (OTC) derivatives product for retail traders.
- CFDs allow traders to exchange the difference in an asset's value from the start to the end of a contract.
- This product aims to connect traditional finance with the digital asset market through institutional-grade access.
- Eightcap holds regulatory licenses in the U.K., EU, Bahamas, and Australia.
The introduction of regulated CFDs indicates increasing maturity in the crypto industry, offering familiar investment products for traders.