As one of the most popular forex and CFD brokers in the world, IG offers investors the ability to trade a variety of assets, including cryptocurrencies. While IG does not currently offer Ethereum as a tradable asset, there are a few ways that investors can still trade Ethereum through the broker.
In this article, we will discuss some of the methods that can be used to trade Ethereum on IG.
Investors looking to trade Ethereum on IG can do so through a few different methods. One popular method is to trade Ethereum CFDs.
CFDs, or contract for difference, are derivative instruments that allow investors to speculate on the price movements of an underlying asset without actually owning the asset. This means that investors can take a long or short position on Ethereum without having to go through the process of buying and selling the actual cryptocurrency.
Another popular method for trading Ethereum on IG is through cryptocurrency spread betting. Spread betting is a type of financial betting that allows investors to bet on the price movement of an underlying asset.
Unlike CFDs, spread bets do not require the investor to actually own the asset, making it a more accessible way to trade cryptocurrencies.
Lastly, some investors may also be able to trade Ethereum futures on IG. Futures contracts are derivative instruments that allow two parties to agree to buy or sell an asset at a future date and price.
This type of contract can be used for speculation or hedging purposes. While IG does not currently offer Ethereum futures contracts, there are a number of other brokers that do offer this product.
Can You Buy Ethereum on IG?
While IG does not currently offer direct cryptocurrency trading, there are a few methods that investors can use to trade Ethereum indirectly through the broker. These includeCFDs, spread betting, and futures contracts.