CFD trading on Cardano
Trade CFDs on ADA price movements with a City Index account, regulated in Australia since 2006.
Trade Cardano with CFDs
Enjoy tight spreads and low margins when you trade CFDs on Cardano with City Index.
Speculate on the Cardano price without the need to own the cryptocurrency or have a digital/hardware wallet
Trade Cardano CFDs the same way you would trade commodities, shares or indices
Experience exposure to the performance of ADA with a trusted, global broker, regulated in Australia since 2006
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Cardano CFD trading FAQs
What are cryptocurrencies?
Cryptocurrencies are digital tokens based on blockchain technology that act as a virtual currency. Many cryptocurrencies are mined into existence through the ‘Proof of Work’ system, involving the ADAving of complicated mathematical puzzles by high-powered computing software, with a cryptocurrency token made available to the owner as a reward.
However, a newer system known as ‘Proof of Stake’ involves contributors staking their own cryptocurrency in exchange for a chance to validate new transactions, update the blockchain, and earn a reward. Ethereum, for example, is expected to move to the Proof of Stake model in 2022.
Most cryptocurrencies are decentralised, which means that they are not connected to or affected by an authority such as a government or central bank.
How old is Cardano?
The development of Cardano began in 2015, led by the co-founder of Ethereum, Charles Hoskinson. The platform eventually launched in 2017.
Do I have to trade a whole Dogecoin?
No, one of the main benefits of Cardano CFDs is that you can trade fractional amounts and not an entire ADA per transaction.
Can I trade other cryptocurrencies with City Index?
Yes, you can trade a range of cryptocurrencies with City Index, such as Bitcoin, Ethereum, Ripple and Litecoin, available at a margin rate of 50%. Click here to find out more about the cryptocurrencies we offer.