In today’s bear market, crypto derivatives offer crucial diversification for portfolios

In the current bear market, being a crypto investor is not easy.

Extraordinary levels of volatility – caused by a host of challenging headwinds in the global economy – mean that going long on Bitcoin or Ether is not necessarily the best bet.

And according to Eightcap, this has led to both traditional and experienced investors exploring what crypto derivatives have to offer.

With more than 350 digital assets supported, the trading platform says it gives people an opportunity to capitalize on falling crypto prices – not just when things are going up.

This approach to diversification has the potential to offer a more rounded portfolio in a time of unprecedented uncertainty.

In total, Eightcap says it offers more than 350 crypto derivatives – altcoins, crypto crosses and crypto-focused indices among them – with ultra-low spreads.

The platform says trading a Bitcoin contract for difference typically costs between $8 and $12, according to TradeProofer data as of September 30, 2022, making it extremely competitive compared to more mainstream exchanges.

A suite of unique and easy-to-understand educational resources also ensures that traders do not enter the crypto market blindly. Executives at Eightcap say it’s critical for users to have access to a wealth of information and tools so they can make the right decisions at the right time.

Crush the competition

A distinctive offering from Eightcap is called Crypto Crusher – a tool that delivers daily trading ideas with precise entry, target and stop levels. It gives users the ability to scan the markets quickly based on trends, prices, percentage chances and highs and lows. At a glance, investors can assess current market sentiment and use exclusive indicators to ensure they are ahead of the pack. This is supplemented by live educational resources that provide an additional insight into what is happening, as well as a 24-hour chat room.

Eightcap says it’s easy to get involved with Crypto Crusher – as only three simple requirements need to be met. Users must have an active trading account, a balance of more than $500, and have made at least one trade in the last month.

A partnership with Capitalise.ai also means that customers can automate their trading, without requiring coding knowledge. Free training sessions are also offered so users can maximize trading performance while managing risk. Meanwhile, monthly webinar sessions are also offered covering a range of topics – from how to use backtesting, to setting alerts when certain market conditions are met.

Powerful integrations

Eightcap has also integrated with TradingView – one of the world’s most popular charting platforms – providing users with key features that enable them to stay one step ahead of the game. Given how the crypto markets run 24/7, the inevitable alerts it offers are essential – opening up access to a vibrant social network boasting over 30 million traders.

In addition, Eightcap is regulated by the Australian Securities and Investment Commission, the UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Securities Commission of the Bahamas – essential for traders who want a sense of security when choosing a broker.

Eightcap told Cointelegraph: “The old investment rules no longer apply, there has been a sudden shift to crypto derivatives trading and that trend will not go away anytime soon as the market presents itself with other opportunities. It is a new era of trading , and we’ve seen more smart traders enter the space to spot market opportunities with the increased volatility that the crypto market has seen.”

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