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.

cardano large

Live Pricing

Cardano market information

† May change due to market conditions.

‡ trading hours on cryptocurrencies are 08:00 Mon - 08:00 Sat (AEDT)

* Please note margin requirements can vary depending on the risks associated with the underlying market. For details of the exact margin requirements on all of our markets, please view the market information sheet in the platform.

Background to Cardano

Cardano omni
Cardano omni

What is Cardano (ADA)?

Cardano is a decentralised cryptocurrency project with a native token, ADA. The Cardano ecosystem allows developers to create their own tokens and decentralised applications. There are claimed to be numerous other use cases for this scalabale blockchain network.

Speed
Speed

What makes Cardano different?

The main thing that sets Cardano apart from Proof-of-Work cryptocurrencies like Bitcoin is that it has its own unique form of Proof-of-Stake consensus mechanism, called Ouroboros. This allows Cardano to provide fast, secure transactions that are more environmentally friendly.

CFDs
CFDs

How to trade CFDs

Learn all about how to trade CFDs and discover the principles and benefits of this popular method of trading.

Why trade Cardano CFDs with City Index?
Performance Analytics

Speculate on the Cardano price without the need to own the cryptocurrency or have a digital/hardware wallet

Trade

Trade Cardano CFDs the same way you would trade commodities, shares or indices

Trust

Experience exposure to the performance of ADA with a trusted, global broker, regulated in Australia since 2006

Markets commentary

Get Cardano insight and the latest news from our Reuters feed

Trade on our fast, reliable platforms

Customisable charts

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Trading strategies

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Get the latest market insight

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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.

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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.

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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.

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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.

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