Financial derivatives provider Eight CAP now offers differential contracts (CFD) based on Coindesk 20 Index (CD20)providing the weighted performance of the largest digital asset.
CD20 CFD can now use traders with Fiat and USDT pairs as over-the-counter (OTC) Derivative products to retail traders, according to Monday’s announcement.
CFD is a derivative instrument, where traders and brokers exchange the difference in the value of assets at the opening and end of the contract.
The CD20 CFD will “bridge the gap between traditional finance and digital asset space by delivering institutional-level crypto index access within a solid, compliant framework”.
Headquartered in Melbourne Eight covers Holding a regulatory license for the EU in the UK (EU) and the Bahamas and its native Australia.
The regulations that regulate CFD represent the increasing maturity of the crypto industry (tradfi) world.
