Sonic (S) CFDs (Contracts for Differences) are now available in the Crypto.com App, in addition to Bitcoin (BTC), Solana (Solana), Ether (ETH), Polkadot (DOT), Pepe (PEPE), Fantom (FTM), Stacks (STX), and more.
CFDs are designed to mimic trading an underlying asset, but instead of owning it, you are getting exposure to its price movement. This means you predict whether the asset will rise or fall and profit if you’re correct. CFDs allow for leverage, letting you get more from your capital as you only have to deposit a fraction of your position’s value to trade.*
You can go long or short with up to 20x leverage for CFDs in the Crypto.com App, and there are contracts for over 40 different cryptocurrencies available – the most offered anywhere.
Simply fund your CFD Wallet to start trading!
About Sonic
Sonic (S) is a fast, scalable, and secure platform for digital assets. It is based on directed acyclic graphs (DAGs) that offer developers DeFi services using its proprietary consensus mechanism.
Useful Resources:
- Video introduction to CFDs
- Step-by-step video guide on trading CFDs
- University Article about CFD trading
- CFDs FAQ
Don’t have the Crypto.com App yet? Download it here.
*Trading CFDs involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading CFDs is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results.
