We are pleased to announce that ThinkMarkets continues to expand the lineup of cryptocurrency CFDs available for our clients worldwide. The newest addition of products in this category consists of 5 of the most popular DeFi tokens: Binance Coin (BNB), Terra (LUNA), Avalanche (AVAX), Cosmos (ATOM), and Algorand (ALGO).
Binance Coin (BNB)
needs little introduction as it is the token issued by the largest cryptocurrency exchange by volume in the world. Binance was launched in 2017 with its token being used to back an ecosystem of functionalities on the Binance network.
The fourth largest crypto by market cap powers up Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and is essential for the successful functioning of the Binance exchange.
is a protocol built using blockchain technology that aims to facilitate payments using stable coins. Holders of the crypto have a voting right making it one of the tokens that can be used for governance. It broke through into the ranks of the top 10 most valuable crypto tokens by market cap in 2021 and uses fiat-pegged stable coins such as USD, KRW, and more.
aims to be the fastest smart contracts platform built on a blockchain. While in practice it trails to Solana’s speed it is more decentralized and secure. The token made it into the top 10 largest cryptos by market cap, racing ahead of Polkadot. Avalanche is one of the fastest-growing cryptocurrencies and has over 1.5 million community members across the globe.
is a crypto ecosystem that is designed to work across blockchains by connecting them. The project was started back in 2014 but has only taken off in the beginning of 2021. ATOM tokens are not mined, but earned through a hybrid proof-of-stake algorithm.
launched in 2019. With every new block mined, holders of the cryptocurrency get credited with a certain amount into their wallets. By design, the cryptocurrency aims to achieve lower transaction fees when compared to the most popular cryptocurrencies.
For more information, see our Crypto CFD contract specifications.
You can start trading the most popular Crypto CFDs with ThinkMarkets today. Go long or short Crypto CFDs in a safe and regulated environment!
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