CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Binance coin bucks trend as most cryptos trade in the red

By David Burrows

08:02, 28 December 2021

Representation of a binance coin amid a pile of cryptocurrency tokens
Binance coin crypto tokens – Photo: Alamy

Bitcoin was down in early morning trade in London to $49,408 – a 2.56% drop over the day.

Most other major cryptocurrencies were in the negative territory with ethereum down 2.97% to $3,929, cardano down 1.36% to $1.472, litecoin down 3.08% at $151 and solana down 3.48% to $191.

Binance coin was one of the few major cryptos to buck the trend as it rose 0.97% to $549.

December trading

Last week Bitcoin went past the $50,000 mark after trading below the $50,000 level for most of December.

ETH/USD

3,344.71 Price
-4.120% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BTC/USD

65,626.85 Price
-0.500% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

SOL/USD

178.53 Price
+1.960% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

DOGE/USD

0.13 Price
-1.500% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

As reported in Capital.com, the crypto had a mixed experience since the crash at the beginning of December. The initial crash was seen as a buying opportunity, however investor appetite fell as crypto markets continued to show in the red.

The currency moved around a little in a week of light trading due to the Christmas break.

Read more: Crypt turns green ahead of New Year, polkadot rises most  

Markets in this article

BNB/USD
Binance Coin / USD
581.92 USD
-6.93 -1.190%
BNB/USD
Binance Coin / USD
581.92 USD
-6.93 -1.190%
BTC/USD
Bitcoin / USD
65626.85 USD
-332.3 -0.500%
ADA/USD
Cardano / USD
0.41574 USD
0.00134 +0.330%
ADA/USD
Cardano / USD
0.41574 USD
0.00134 +0.330%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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