CFD trading on Solana

Trade CFDs on SOL price movements with a City Index account, regulated in Australia since 2006.

 

Trade Solana with CFDs

Enjoy tight spreads and low margins when you trade CFDs on Solana with City Index.

solana large

Live Pricing

Solana 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 Solana

Solana omni
Solana omni

What is Solana (SOL)?

Solana is a decentralised cryptocurrency and altcoin. Using the Solana network, powered by the SOL native token, Solana aims to increase user scalability by providing a flexible infrastructure with faster transaction settlement times.

Speed
Speed

What makes Solana different?

There are two key properties of Solana that set it apart from its crypto competitors. First, is the project’s speed and scalability. Second, is the unique consensus mechanism it uses, called Proof-of-History.

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 Solana CFDs with City Index?
Performance Analytics

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

Trade

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

Trust

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

Markets commentary

Get Solana insight and the latest news from our Reuters feed

Trade on our fast, reliable platforms

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Trading strategies

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Get the latest market insight

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Solana 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 solving 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 Solana?

Solana was founded in 2018 by Anatoly Yakovenko.

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Do I have to trade a whole Solana?

No, one of the main benefits of Solana CFDs is that you can trade fractional amounts and not an entire SOL 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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