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ETH/SEK
 

Trade Ethereum / Swedish Krona - ETH/SEK CFD

1m
5m
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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 SEK
  • 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Withdrawn each month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 Swedish Krona: trade ETH to SEK pair and track its real-time price

The Ethereum to Swedish Krona pair features ETH as the base cryptocurrency along with SEK, Sweden’s official currency, as the counter currency, both of which are strong currencies in their respective markets.

The Swedish Krona (SEK) is among the top 10 most traded currencies in the world and it is one of the most important currencies in Europe, considering the economic stability of Sweden and its importance as a member of the European Union. 

The fact that the Krona is such a widely followed and traded currency makes it a perfect counter currency to pair with the second most traded cryptocurrency in the world, Ethereum (ETH).

The price of ETH/SEK is driven by the underlying value of its base and counter currencies, each of which fluctuates based on certain driving factors. 

Ethereum (ETH), is a digital currency whose value is affected by the demand from traders and crypto holders around the world. In this regard, the increasing adoption of ETH as a suitable payment method and financial vehicle will ultimately drive its value.

Meanwhile, the Swedish Krona (SEK) is a fiat currency whose value is affected by Sweden’s monetary policy decisions and supply and demand for the currency in the foreign exchange markets. 

Traders can profit from price swings in the ETH to SEK pair by anticipating potential directional price movements in the value of both ETH and SEK and they can take either long or short positions in ETH/SEK by using a Contract for Difference (CFD).

Ethereum is a blockchain-based ecosystem that introduced a feature known as smart contracts since 2015 when it was first presented to the world. Ethereum’s crypto token, ETH, has attracted the interest of both retail and institutional traders thanks to the Enterprise Ethereum Alliance (EEA). This initiative, promoted by important companies such as the CME Group and Samsung, gave the cryptocurrency a credibility boost in the corporate world. 

The Krona remains Sweden’s official currency as the population has refused to adopt the Euro, wishing to have greater control of its own monetary policy.

Sweden is the 23rd largest country in the world by GDP, and it’s a highly developed market economy that significantly relies on exports. The country’s most important trading partners are within the European Union and its top exported products include iron ore and timber. 

The global economic slowdown resulting from the coronavirus health crisis and the extent of the outbreak in the European continent could put some downward pressure on the Krona, as a result of lower demand for the currency derived from lower export volumes.

Traders can benefit from ETH/SEK 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 0% 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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