Financial derivative provider Outcap now offers a contract on difference (Cfd) Based on Coindesk 20 -Index (CD20)offering a weighted benefit of the largest digital assets.
CD20 CFD is now available to dealers in both Fiat and USDT pair as an over-the-counter (OTC) Derivatives product for retailers, according to a message Monday.
CFDs are derivative instruments where dealers and brokers exchange the difference in an asset’s value when opening and closing a contract.
CD20 CFD will “bridge the gap between traditional funding and the digital asset area by providing crypto-index in institutional quality within a robust, compatible frame,” Eightcap said in the announcement.
Melbourne-based Eightcap has regulatory licenses in the UK, EU, EU (EU) and the Bahamas as well as its native Australia.
Provision of regulated CFDs represents growing maturity in the crypto industry as they give dealers the type of investment products they would recognize from the traditional economic economic (Tradfi) world.
