ETH/USD: Trade Ethereum to US Dollar
ETH/USD currency pair (or ETH to USD) represents the cost of Ethereum quoted against the US dollar. The currency pair (also often called a trading pair) shows how much USD is needed to purchase 1 ETH. The ETH/USD chart displays changes of ETH price, expressed in dollars, at a given moment of time.
What is ETH to USD trading?
The main purpose of trading Ethereum against USD is profiting from the price changes of ETH. You can buy and then sell Ethereum using CEX.IO exchange, where crypto assets change hands when traded. Or you can benefit from price movements of Ethereum with CEX.IO Broker, which gives you access to derivatives with leverage.
How do I trade ETH/USD on CEX.IO Broker?
With CEX.IO Broker, you trade on margin using Contracts for Difference (CFDs). You control your trades - open Long positions if you anticipate the Ethereum price to go up and Short positions if down. Your trading profit depends on whether the eventual price change was in your favor.
What leverage can I use to trade ETH/USD?
On CEX.IO Broker, you can use a broad range of leverage, from 2x to 100x. Depending on your strategy and risk preferences, each trading subaccount can have different leverage size.
Do I need to have ETH or USD to trade ETH/USD on CEX.IO Broker?
Not necessarily. With CEX.IO Broker, you trade derivatives, contracts for difference. It means you can fund your trading account with a cryptocurrency that differs from the currencies of a pair you trade. I.e. you can trade ETH/USD (or any other pair) having your trading account funded in BTC.
Why trade ETH/USD on CEX.IO Broker?
We pride ourselves for maintaining a liquid orderbook (by working with multiple liquidity providers) and a super-tight spread. You can find more benefits of trading ETH/USD (or any other) pair on CEX.IO Broker, checking out THIS
CEX.IO Broker: best execution price guarantee.
At CEX.IO Broker, the quoted prices for an asset reflect the aggregated liquidity for that asset, available on the markets of the liquidity providers we work with.
In other words, CEX.IO Broker executes the clients’ orders on the spot market - the biggest cryptocurrency exchanges. With the optimized order execution logic, CEX.IO Broker provides the best execution price guarantee. I.e. CEX.IO Broker will offer you the best price at which it can execute your order on the market, given the aggregated liquidity. It means, the prices at CEX.IO Broker closely trail the spot market, unlike prices futures platforms which can significantly deviate from the spot. For you, it means more transparency and control over your trading strategy.