{"id":6767,"date":"2018-12-05T10:16:55","date_gmt":"2018-12-05T09:16:55","guid":{"rendered":"https:\/\/www.fintechnews.org\/_\/?p=6767"},"modified":"2019-04-04T01:09:22","modified_gmt":"2019-04-04T01:09:22","slug":"crypto-price-boom-means-more-for-digital-currencies-than-money","status":"publish","type":"post","link":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/","title":{"rendered":"Crypto Price Boom Means More for Digital Currencies than Money"},"content":{"rendered":"

By\u00a0<\/span>Fabian Figueredo\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/a><\/p>\n

2017 was one the most significant years in the short history of cryptocurrencies. Despite being around since 2009, Bitcoin (BTC) and its peers received a surge of interest that saw <\/span>the price<\/span><\/a> of almost every digital coin rise exceeded all expectations.\u00a0 <\/span><\/p>\n

For those invested in BTC, the move from $1,000 to almost $20,000 in the space of 12 months was validation that cryptos have a future. However, for those taking a closer look at the market, the entrance of BTC into the mainstream consciousness has had some other, interesting consequences. <\/span><\/p>\n

One of the subtler yet potentially significant changes the crypto revolution of 2017 has brought about is on the trading industry. To be specific, online CFD trading.<\/span><\/p>\n

CFD Trading Brings Cryptos into the Light<\/b><\/h2>\n

Otherwise known as contracts for difference trading, CFD allows investors to speculate on positive or negative price movements of a certain product, stock, bond or other asset. <\/span><\/p>\n

Since online trading became possible in the mid-noughties, <\/span>CFD<\/span><\/a> trading has become one of the most popular endeavours for both the experienced and inexperienced. As well as CFD trading on 9,000+ instruments, online traders can access 24\/5 support, receive live market reports and access the daily markets securely through purpose-built trading platforms.<\/span><\/p>\n

In essence, the industry has become a commercial entity that\u2019s now as accessible to low-level investors as it was the banking institutions 20 years ago.<\/span><\/p>\n

 <\/p>\n

As\u00a0cryptos gradually became\u00a0popular, new markets have opened up.<\/span><\/p>\n

Although it\u2019s still a niche part of the industry, crypto CFD trading is starting to emerge, allowing\u00a0investors to speculate on the price fluctuations of leading digital coins. <\/span><\/p>\n

However, unlike traditional exchanges where users are expected to purchase the underlying asset (i.e. owning BTC or another token such as XRP), CFD trades aren\u2019t direct investments. This dynamic not only opens up more trading opportunities, it\u00a0also helps companies and individuals stay within the law.<\/span><\/p>\n

Moving Towards a Digital Spending Revolution<\/b><\/h2>\n


\n<\/span>Although the majority of major economies haven\u2019t <\/span>outlawed<\/span><\/a> cryptocurrencies, some have. Therefore, by using CFD options for certain digital coins, those involved aren\u2019t infringing any local laws, because they are not actively buying or owning cryptocurrency.<\/span><\/p>\n

For the trading sector, this has led to an increase in investment options. For cryptos, this innovation is the next step in the digital currency revolution. Although the ultimate aim of the crypto community is to have BTC or altcoisn\u00a0as our default payment mechanism, all commodities are propped up by a network of additional support.<\/span><\/p>\n

For example, gold is as treasured as a precious metal used in the jewellery industry as well as a tradable asset. The two feed into and, therefore, support each other.<\/span><\/p>\n

The same is true of the financial sector. We use\u00a0the dollar or pound to pay for things but it\u2019s also traded by banks on the forex market. Again, the two mediums support each other. By becoming part of the CFD industry, crypto\u2019s network is growing – and that will help it reach its ultimate goal of becoming a mainstream currency.<\/span><\/p>\n

Therefore, while the 2017 price boom was great from a financial perspective, the wider implications are much more significant. By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0Fabian Figueredo\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2017 was one the most significant years in the short history of cryptocurrencies. Despite being around since 2009, Bitcoin (BTC) and its peers received a surge of interest that saw the price of almost every digital coin rise exceeded all expectations.\u00a0 For those invested in BTC, the move from $1,000 to almost $20,000 […]<\/p>\n","protected":false},"author":1,"featured_media":5196,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[55,570],"tags":[],"class_list":["post-6767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-cryptocurrency"],"yoast_head":"\nCrypto Price Boom Means More for Digital Currencies than Money<\/title>\n<meta name=\"description\" content=\"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Price Boom Means More for Digital Currencies than Money\" \/>\n<meta property=\"og:description\" content=\"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintech News\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T09:16:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-04T01:09:22+00:00\" \/>\n<meta name=\"author\" content=\"H.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"H.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/\",\"url\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/\",\"name\":\"Crypto Price Boom Means More for Digital Currencies than Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-12-05T09:16:55+00:00\",\"dateModified\":\"2019-04-04T01:09:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a\"},\"description\":\"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fintechnews.org\/_\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Price Boom Means More for Digital Currencies than Money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#website\",\"url\":\"https:\/\/www.fintechnews.org\/_\/\",\"name\":\"Fintech News\",\"description\":\"And Techs news of your sector\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fintechnews.org\/_\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a\",\"name\":\"H.\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g\",\"caption\":\"H.\"},\"url\":\"https:\/\/www.fintechnews.org\/_\/author\/job\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Crypto Price Boom Means More for Digital Currencies than Money","description":"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Price Boom Means More for Digital Currencies than Money","og_description":"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.","og_url":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/","og_site_name":"Fintech News","article_published_time":"2018-12-05T09:16:55+00:00","article_modified_time":"2019-04-04T01:09:22+00:00","author":"H.","twitter_card":"summary_large_image","twitter_misc":{"Written by":"H.","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/","url":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/","name":"Crypto Price Boom Means More for Digital Currencies than Money","isPartOf":{"@id":"https:\/\/www.fintechnews.org\/_\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage"},"image":{"@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-12-05T09:16:55+00:00","dateModified":"2019-04-04T01:09:22+00:00","author":{"@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a"},"description":"By becoming a tradable CFD instrument, cryptos have moved a little bit closer to becoming an integral part of the world as a whole.","breadcrumb":{"@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.fintechnews.org\/_\/crypto-price-boom-means-more-for-digital-currencies-than-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fintechnews.org\/_\/"},{"@type":"ListItem","position":2,"name":"Crypto Price Boom Means More for Digital Currencies than Money"}]},{"@type":"WebSite","@id":"https:\/\/www.fintechnews.org\/_\/#website","url":"https:\/\/www.fintechnews.org\/_\/","name":"Fintech News","description":"And Techs news of your sector","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fintechnews.org\/_\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a","name":"H.","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g","caption":"H."},"url":"https:\/\/www.fintechnews.org\/_\/author\/job\/"}]}},"author_meta":{"display_name":"H.","author_link":"https:\/\/www.fintechnews.org\/_\/author\/job\/"},"featured_img":null,"coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.fintechnews.org\/_\/fintech\/bitcoin\/\" class=\"advgb-post-tax-term\">Bitcoin<\/a>","<a href=\"https:\/\/www.fintechnews.org\/_\/fintech\/cryptocurrency\/\" class=\"advgb-post-tax-term\">Cryptocurrency<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Bitcoin<\/span>","<span class=\"advgb-post-tax-term\">Cryptocurrency<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 8 years ago","modified":"Updated 8 years ago"},"absolute_dates":{"created":"Posted on December 5, 2018","modified":"Updated on April 4, 2019"},"absolute_dates_time":{"created":"Posted on December 5, 2018 10:16","modified":"Updated on April 4, 2019 01:09"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts\/6767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/comments?post=6767"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts\/6767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/media?parent=6767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/categories?post=6767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/tags?post=6767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}