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Why Trade Cryptocurrency?

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Cryptocurrencies trading Source: Nasdaq

Cryptocurrencies are becoming a significant part of an investor’s portfolio, and there are several reasons why trade cryptocurrency: 

1. Market hours for cryptocurrencies

Due to the lack of centralized market administration, the cryptocurrency market is typically open for trading every day of the week, all year round. 

2. Better liquidity

A cryptocurrency’s liquidity is determined by how quickly and easily it can be exchanged for cash without affecting its market value. Because it results in better pricing, quicker transaction times, and more technical analysis accuracy, liquidity is significant.

3. Exposure with leverage

As a leveraged product, crypto derivatives and leverage trading allow you to open a position on “margin,” or a deposit that is only a tiny portion of the deal’s total value. In other words, you could obtain significant exposure to the cryptocurrency market by investing only a small amount of your wealth. 

4. An enduring store of value that defies censorship

Investment in cryptocurrencies is often justified by the need for a dependable, long-term store of value. Most cryptocurrencies, unlike fiat money, have a finite supply that is limited by mathematical procedures. This prevents any political entity or governmental organization from having its value diminished by inflation.

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I am a crypto analyst. I am responsible for analyzing and predicting trends, pricing, demand, and trading volumes of any number of cryptocurrencies currently available.