Trade Bitcoin / Swiss Franc - BTC/CHF CFD

Bitcoin / CHF

Bitcoin to Swiss Franc: trade BTC to CHF pair and track its real-time price.

The Bitcoin to Swiss Franc pair features BTC as the base cryptocurrency along with CHF, Switzerland’s official currency, as the counter currency, both of which are strong currencies in their respective markets.

The Swiss Franc is known as one of Europe’s strongest currencies, due to the political, economic, and financial stability of the Swiss government. Back in 2015, the Swiss Franc removed a peg of 1.2 francs per euro and ever since the value of CHF has surged to become a strong player in the global forex market.

The BTC to CHF pair enjoys a decent trading volume as both currencies are robust enough to attract the interest of both institutional and retail investors and the market is liquid enough to maintain spreads within a decent range.

As a result, traders who engage in BTC/CHF transactions can conduct their operations at a lower cost compared to other less traded pairs due to the reduced spread resulting from a higher trading volume.

The price of the BTC to CHF pair is mainly driven by the fundamentals behind each of these currencies, along with certain market conditions.

Bitcoin’s fundamentals are mostly related to the demand for the currency, which is influenced by its adoption as a suitable payment method and investment vehicle.

The value of CHF is ultimately influenced by the Swiss government monetary policies and global financial capital inflows and outflows.

Any of these elements could ultimately influence the price of the Bitcoin to Swiss Franc pair and traders can conduct their own technical and fundamental analysis to profit from BTC/CHF price swings at any given point.

CFDs are often used by traders to take long or short positions on BTC/CHF, with the possibility of boosting the results of their operations by using leverage.

The introduction of Bitcoin to the global financial stage back in 2009 changed the way people viewed digital currencies, by presenting a strong alternative to regular fiat currencies.

Bitcoin relies on blockchain to guarantee the transparency of the transactions conducted with this cryptocurrency through what is known as a distributed decentralised ledger that allows third parties to validate any entries made to the ledger to avoid the loss of information or inaccurately recorded transactions.

This cryptocurrency has evolved to become a major player in the investment world, allowing traders and investment managers to diversify their portfolios by using an alternative financial asset such as Bitcoin.

The Swiss Franc, on the other hand, is Switzerland’s official currency and it is the 7th most traded currency in the world, and it is often considered a safe haven for investors during situations of global financial distress such as the subprime crisis of 2007-2008 or the most recent coronavirus market crash of 2020.

The franc started 2020 gaining some ground against the euro, while it has maintained a stable relationship with the US dollar throughout the year. So far it is one of the best performing currencies of the year.

Capital.com provides a real-time price chart of the BTC to CHF pair and traders can enter both long or short positions by using our CFDs to profit from BTC/CHF directional price swings.