NIYAFAFX Cryptocurrencies CFD is different from trading spots, options, and futures on cryptocurrency exchanges. Firstly, it has no expiry date, so users can buy or sell freely in the market at any time; secondly, it does not hold underlying cryptocurrencies, but only profits from their price volatility, so CFD trading does not require users to create digital wallets to store cryptocurrencies. Lastly, Cryptocurrencies CFD leveraged long/short trades in cryptocurrencies, which allows the user to control a larger position with fewer funds, thus increasing the chance of trading profit. The opportunity for gains from trading is increased.

NIYAFAFX offers 24/7 round-the-clock trading in cryptocurrencies CFD (except for server maintenance periods, which are usually notified separately).

Cryptocurrency price volatility is influenced by several factors, some of which are listed below: Supply and Demand: Cryptocurrency prices are primarily driven by supply and demand in the market. Investor Sentiment: The cryptocurrency market is influenced by investor sentiment and market confidence. Market liquidity: Market liquidity has a significant impact on cryptocurrency prices. Higher liquidity usually means it is easier to trade, which reduces price volatility. Technological Innovation: Technological development and innovation in cryptocurrencies have a significant impact on prices. Regulatory Policies: Government regulatory policies also have a significant impact on the cryptocurrency market and may affect market sentiment and investor confidence, which in turn affects prices. Market News and Opinion: Market news, media reports, and opinion on social media also have a significant impact on cryptocurrency prices. Economic and Financial Factors: Macroeconomic and financial factors, such as the rate of inflation in the, Federal Reserve interest rates, and monetary policy may also affect cryptocurrency prices. In addition, the trend of global financial markets and investor appetite for risky assets may also have an impact on cryptocurrency prices. Overall, cryptocurrency prices are influenced by a variety of factors, and understanding the impact of these factors on the cryptocurrency market is crucial to help better understand and analyse cryptocurrency price volatility.

Cryptocurrencies CFD, as a financial derivative, have certain advantages and disadvantages in the cryptocurrency market. Its advantages include amplified returns from leveraged trading, trading flexibility, no need to physically hold the cryptocurrency, and a convenient way to arbitrage trades. However, the corresponding disadvantages include the risks associated with leveraged trading, transaction costs, risks associated with market volatility, and regulatory risks. Therefore, traders should carefully weigh the risks and benefits when choosing a cryptocurrency CFD and adopt appropriate risk management strategies.

The volatility of cryptocurrencies is generally more intense than that of forex and commodities. The main reasons for this include the relatively small size and liquidity of the market, lack of regulation and transparency, high sensitivity to technical and market news, and speculative factors, which have indirectly led to a gradual increase in the market demand for crypto derivatives (e.g. CFDs).

No. Trading CFDs on cryptocurrencies at NIYAFA does not require the creation of a digital wallet and avoids the risk of wallet theft. When trading CFDs, you are not buying the cryptocurrency itself. Instead, you are trading based on the price volatility of the cryptocurrency. You do not own the underlying asset and are only trading on its price.

NIYAFAFX currently offers CFD on popular cryptocurrencies, mainly including the top 15 cryptocurrencies in terms of Crypto Market Cap, such as BTC, ETH, BCH, SOL, and others.