Crypto.com introduces Contracts for Differences (CFDs) on its app

Crypto exchange Crypto.com has launched Contracts for Differences (CFDs) on its app.

The new crypto derivatives feature will offer more trading opportunities for users in over 50 jurisdictions.

CFDs are financial instruments that allow users to predict the price movements of underlying assets without direct exposure.

Investors use Contracts of Differences to bet on whether prices will soar or dip.

Investors in selected countries, including Barbados, Egypt, Chile, Vietnam, Philippines, Mexico, Kenya, India, El Salvador, and Ghana, can access CFD trading in Crypto.com’s app.

Those in the European Union, the United States, and the United Kingdom may have to wait.

Introducing more opportunities with CFDs

Crypto.com revealed that users will enjoy lucrative opportunities with their new trading features.

For instance, they can use “up to 20x leverage” to open massive positions with a fraction of deposits. Individuals can execute massive and small positions with only $5.

Also, the CFDs will enable portfolio diversification, allowing traders to interact with over 40 digital currencies.

Besides trading anytime, anywhere seamlessly, Crypto.com users will benefit from the intuitive interface, allowing them to view losses and profits in real-time.

Crypto.com taps AI

Meanwhile, the CFDs feature comes after the exchange introduced artificial intelligence (AI) capabilities to bolster blockchain functions on Wednesday. The AI Agent SDK software kit would streamline interactions between different blockchain functionalities.

The tool is in the beta phase and it is primarily for AI and Web3 developers who prefer integrating natural language commands. The press release stated,

How to interact with Crypto.com’s AI Agent SDK

The beta launch will allow individuals to interact with the exchange’s AI toolkit via natural language commands.

With the AI Agent, users can perform wallet management, swapping USD Coin (USDC) for Ethereum, sending PayPal’s stablecoin PYUSD to specific wallets, and creating new addresses.

Moreover, developers can integrate the versatile SDK into front-end platforms like Telegram and Discord bots.

That will help creators build systems that allow non-technical participants to navigate blockchains smoothly.

Crypto.com’s growth

The latest ecosystem improvements come as the exchange sees massive growth in 2024. Crypto.com had a daily trading volume of $4.32 billion at press time.

Also, the trading platform collaborated with PayPal in August, allowing US clients to trade crypto by connecting PayPal accounts to Crypto.com wallets.

Meanwhile, the latest CFDs launch underscores the exchange’s commitment to offering its users more investment opportunities in the ever-changing cryptocurrency marketplace.