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ETH/CAD
 

Trade Ethereum / Canadian Dollar - ETH/CAD CFD

1m
5m
15m
30m
1H
4H
1D
1W

Trader sentiment

% Buyers % Sellers
  • Long position overnight fee -0.0500%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($-0.50) -0.0500 %
  • Short position overnight fee 0.0140%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($0.14) 0.0140 %
  • Overnight fee time 22:00 (UTC)
  • Min traded quantity 0.01
  • Currency CAD
  • Margin 50%
  • Trading hours (UTC)
    Mon - Thu: 00:00 - 22:00
    22:05 - 00:00
    Fri: 00:00 - 22:00
    Sun: 22:05 - 00:00
  • Commission on trade 0%

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Traders

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Active clients monthly

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Monthly investing volume

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Withdrawn each month

Ethereum to Canadian dollar: trade ETH to CAD pair and track its real-time price

Ethereum to Canadian dollar is a crypto-to-fiat pair that tracks the relationship between a popular cryptocurrency, Ethereum (ETH), which serves as the base currency, and Canada’s official currency, the Canadian dollar. The value of ETH/CAD reflects how many Canadian dollars can be obtained from selling one ETH or how many CAD it would take to purchase one ETH.

The Canadian dollar is the 6th most traded currency in the world, accounting for nearly 5 per cent of the total daily trading volume. Additionally, it is also among the top five currencies used by different countries to build up their foreign currency reserves, along with the US dollar, the pound sterling, the yuan, and the euro. 

Canadians often refer to the C$ as the loon due to the bird’s image used for the bills and it was officially introduced in 1858, even though some minor provincial currencies emerged throughout its history.

The popularity of both Ethereum and the Canadian dollar makes ETH/CAD an attractive pair to speculate with, and traders can anticipate price movements in each individual currency by analysing Canada’s economic performance, including its trade balance and the amount of foreign investment it receives, while traders can also identify price trends in ETH based on the level of demand the cryptocurrency gets over time. 

With that in mind, profiting from ETH/CAD will ultimately depend on the trader’s capacity to take a position based on these predictions and this can be accomplished by using a Contract for Difference (CFD), which is an instrument that allows traders to gain from the price difference once the contract is settled.

Traders can also leverage their positions by using CFDs, taking either long or short stances depending on their forecasts.

Ethereum continues to gain territory as a popular digital currency, as it has been increasingly adopted by online gaming platforms, e-commerce businesses, and even some brick-and-mortar retailers who believe that the widespread adoption of cryptocurrencies as suitable payment methods is unstoppable.

The Ethereum Foundation blockchain was launched in 2015 and it was designed by Vitalik Buterin, a Russian-Canadian programmer who’s also the founder of the Bitcoin Magazine.

Meanwhile, Canada is a free-market economy that ranks among the 10 largest in the world with a GDP of nearly $1.8 trillion and a population of around 38 million residents. 

Canada’s exports account for around 30 per cent of the country’s GDP and its most important commercial partner is the United States since they are geographical neighbours.

The Canadian dollar was trading in a range between 1.30 and 1.33 for the last 12 months before the coronavirus outbreak triggered a flight-to-safety reaction that resulted in a sharp devaluation of the currency against the US dollar, sending the price of the USD/CAD pair to 1.45.

Traders can benefit from ETH/CAD price swings by taking long or short positions on this crypto-to-fiat pair using Capital.com’s proprietary trading platform which features a real-time price chart and changes a zero per cent commission on trades.


Trade cryptocurrencies with leverage

Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200

Crypto CFD’s

  • Trade 24/7 on a wide range of cryptos

  • Buy and sell cryptos to take advantage of rises and falls in price

  • No need to setup crypto wallets and private keys

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

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