Trading crypto pairs

Dear Members,

Trading cryptocurrency pairs is very similar to trading fiat currency pairs on forex. Let’s see how it works, taking the BTC/USD pair (Bitcoin against the US dollar) as an example.

If you predict that the value of Bitcoin will rise against the US dollar, you can open a buy trade and get a payout if your prediction turns out to be correct. Similarly, you can go for a sell trade if you think that the value of Bitcoin will fall.

Here is how it works in a nutshell:

How Does Cryptocurrency Trading Work

On Deriv, you can trade cryptocurrencies by going long and going short with CFDs or multipliers and profit from the price movements of assets without buying or owning the actual digital coin

We hope this information helps :slight_smile:

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