| Main Board • The UK Published a Bitcoin CFD risk warning. |
| 28.02.2018, 04:15 - qqjpojones - Rank 3 - 26 Posts
The UK Issued a Bitcoin CFD risk warning. Bitcoin CFD With the rise of cryptocurrencies craze in the financial industry, a alert has been made to speculators. The UK regulatory body urged notice to traders by showcasing the danger of making an investment in cryptocurrency CFDs. . Previously this year, the British watchdog has cautioned market players relating to the risks associated with ICO. Subsequent this warning, the UK regulator at the present issues a warning related to cryptocurrency contracts for differences (CFDs), urging investors to take notice as such products are highly risky. The UK Financial Conduct Authority (FCA) warned investors stating that CFDs with cryptocurrencies as the underlying investment are speculative investment. The alert exposes: “Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment, are increasingly being marketed to consumers. These products are extremely high-risk, speculative products. This warning is to inform consumers about the risks of buying them.” The FCA has additionally warned investors in the past few months regarding cryptocurrency CFDs as a handful of online derivative companies in UK are now enabling Bitcoin and Ethereum trading on their platforms. The FCA regulates The UK's Financial markets, including cryptocurrency CFDs and serves up all sort of protection to the investors. CFDs allow traders to speculate on the changing price of an asset. Traders often enjoy leverage during the investment in the CFDs. Then again, the FCA reiterates that trading cryptocurrency CFDs are risky and highly high-risk investments because of their unstable characteristics. In a large number of events, crypto tokens have proven swings of more than 30 percent and in some cases even 50 percent of their values. : “We are concerned about the growth in retail clients trading in CFDs, particularly those offered with a cryptocurrency as the underlying asset… The price volatility of the asset comes with significant risks to retail investors.” Bitcoin rates have been incredibly volatile in recent several weeks striking highs of almost $19,000 before slipping to 7500 in a short time. bitcoinsmaster.com 36 49 bitcoinsmaster.com bitcoinsmaster.com 6 |