How Can You Trade the Markets with Your Bitcoin Tokens?
Launched in 2009, Bitcoin (BTC) was originally developed as a peer-to-peer decentralized payment system used to facilitate money transfers without the need for third-party approval. Its goal was to empower people when it came to their finances. By owning and using Bitcoin tokens instead of fiat currencies, people would have total control over their personal finances and, in a sense, become their own bank, thanks to blockchain technology.
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending” – as can be read in Bitcoin’s white-paper written by Satoshi Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System.
Nowadays, Bitcoin is used in several different ways – for transferring money, buying and selling, as well as investing. CFD (contract for difference) and Forex brokers have recently developed new trading techniques that allow traders to use their Bitcoin tokens to trade financial markets like shares, indices, forex, commodities, and other cryptocurrencies. That is the case of the popular and regulated online broker, easyMarkets, which now offers a new kind of trading account for traders to use their BTC to trade – the μBTC account.
With this trading account, traders can access more than 200 CFDs across all easyMarkets platforms, as well as the popular Metatrader 4 platform (for advanced users only). In addition to using their BTC to take advantage of rising and falling markets with margin and leveraged trading, traders can also benefit from the innovative and powerful trading features to help traders better manage risks, such as free and guaranteed stop-loss and take-profit, as well as fixed spreads and negative balance protection.
This new use case of Bitcoin comes at a time when institutional investors are massively entering the Bitcoin market, supporting wider adoption, more use cases, and the price of its token. There are indeed an increasing number of companies accepting Bitcoin as a means of payment, as well as companies investing in Bitcoin. This could be either a reflection of the increasing belief and acceptance in the technology and the goal of the cryptocurrency or could simply be viewed as a new investment vehicle that offers great potential for returns. Some companies with Bitcoin in their balance sheets include Tesla, MicroStrategy, Galaxy Digital Holdings, and Square.
Companies aren’t the only ones embracing Bitcoin – retail investors and traders are following suit. While Bitcoin is volatile, which can introduce an element of risk, the crypto asset also provides great profit potential compared to traditional financial assets, which is one of the reasons why more and more people becoming interested in Bitcoin. Another reason is that Bitcoin can nowadays be used in several different ways, such as trading other financial assets as mentioned above. Imagine how powerful the μBTC trading account is for crypto owners who also like to actively trade the markets to make their capital grow.