Exness has multiple trading accounts to trade cryptocurrency with high leverage and low commissions. You can also trade it in several account types.
Cryptocurrency trading has become one of the most popular trades among investors in recent years, making the industry grow and grow bigger every day. Many people around the world with different backgrounds and ages are interested in joining and participating in the crypto market. To meet these many needs, brokers are vying to offer the best quality services for crypto trading, one of which is Exness. But before adding cryptocurrency as a trading option in Exness, let's review the specifications first.
Get to Know Crypto Trading in Exness
Exness is one of the legitimate CFD brokers to offer cryptocurrency trading in the world. This broker has been doing business since 2008 with more than 350,000 customers around the world.
The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
Cryptocurrency Choices
Exness offers many popular cryptocurrencies including CFDs on Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Solana, Synthetix, Uniswap, Basic Attention Token, Polkadot, Tezoz, Cardano, Binance Coin, Enjin Coin, File Coin, Dogecoin, Compound, Theta, Aave, Chainlink, IOST, Pancake Swap, Polygon, Huobi Token, Decentraland, Hedera Hashgraph, and 1inch.
The maximum amount of trading volume per order is 20 lots. It's important to note that there's a slight difference in the minimum order in each cryptocurrency. Litecoin, Ethereum, and Bitcoin Cash offer a minimum order of 0.1 lots, Pancake Swap, Dogecoin, and Solana can be traded from 0.02 lots, Synthetix and Chainlink with 0.4 lots, and Uniswap with 0.06 lots. Other cryptocurrencies such as Bitcoin offer a minimum order of 0.01 lots. Ripple probably stands out the most as it can be traded with a minimum order of 20 lots and a maximum of 200,000 lots.
Account Types
Exness provides 5 accounts types and 4 of them can be used to trade crypto assets:
- Standard MT4 & MT5 accounts: have trading conditions parallel to cent accounts with a minimum deposit of $3.
- Pro MT4 and MT5 accounts: specialist accounts that provide the services of adcanced tools in analyzing a very wide range of markets and have order-based execution. These accounts require a minimum deposit of $500.
- Raw Spread MT4 and MT5 accounts: offer swap-free with market-based order execution. They have a minimum deposit of $500.
- MT4 Zero Account: provides market-based order execution with a minimum deposit of $500.
In addition to the abovementioned accounts, Exness also presents a demo account for traders to learn crypto trading with virtual money. It's important to use demo as the crypto market is highly volatile.
Leverage and Margin
The cryptocurrencies offered by Exness have several advantages regarding Leverage:
- Exness offers leverage for traders who want to trade crypto with a maximum level of 400:1. This is considered higher compared to other brokers offering crypto CFDs.
- There's a fixed margin requirement service, meaning that regardless of the leverage set, the margin required to open an order remains unchanged. This traded margin will depend on the asset and is not affected by leverage (including the unlimited leverage) and will always be subject to higher margin rules. The fixed margin requirement offered by Exness for traders is 0.5% across all cryptocurrencies, except Bitcoin and Ethereum which support a fixed margin requirement of 0.25%.
- The amount of margin required to hedge positions that have been opened in any direction at Exness is 0% for all cryptocurrencies on offer.
Execution Type and Platforms
Market execution is the type of execution offered by Exness. Some cryptocurrencies on Exness can be traded on both MetaTrader 4 and MetaTrader 5 platforms. However, most of the others are only available on the MetaTrader 5 platform. Said cryptocurrencies include Dogecoin, Compound, Theta, Aave, Chainlink, IOST, Pancake Swap, Polygon, Huobi Token, Decentraland, Hedera Hashgraph, 1 inch, and Ripple.
If you like to trade with the MetaTrader 4 platform, the limitation should not be a problem. But if you prefer to have a wider reach in the cryptocurrencies that you can trade, there's no other way but to learn using MetaTrader 5 on Exness.
Trading Hours, Spreads, Commissions
In Exness, traders can trade crypto every day for 24 hours non-stop. If there is an error or server maintenance that may disturb that continuity, the broker would inform traders via email.
For the spreads, there's quite a wide range of them depending on the cryptocurrency and account type. As of December 2022, here are the details:
Crypto Pairs | Account Types | |||
Standard | Pro | Zero | Raw Material | |
1INCH/USD | 39.8 pips | 24.9 pips | 0 pips | 73 pips |
AAVE/USD | 30 pips | 18.8 pips | 0 pips | 69 pips |
ADA/USD | 11.7 pips | 7.3 pips | 0 pips | 31.7 pips |
BAT/USD | 97.2 pips | 60.9 pips | 0 pips | 161.6 pips |
BCH/USD | 3.4 pips | 2.1 pips | 0 pips | 0 pips |
BNB/USD | 512. 3 pips | 320.4 pips | 209.5 pips | 299.7 pips |
BTC/AUD | 27. 1 pips | 16.9 pips | 0 pips | 7.6 pips |
BTC/CNH | 181.5 pips | 113.4 pips | 0 pips | 76.8 pips |
BTC/JPY | 208.45 pips | 130.3 pips | 0 pips | 37.4 pips |
BTC/KRW | 4070.7 pips | 2544.2 pips | 485 pips | 1519 pips |
BTC/THB | 203.1 pips | 126.9 pips | 0 pips | 139.9 pips |
BTC/USD | 126.1 pips | 78.9 pips | 11 pips | 11 pips |
BTC/XAG | 212.1 pips | 132.9 pips | 0 pips | 144.8 pips |
BTC/XAU | 90.2 pips | 56.4 pips | 0 pips | 20 pips |
BTC/ZAR | 66.6 pips | 41.6 pips | 0 pips | 42.8 pips |
CAKE/USD | 28.3 pips | 17.8 pips | 0 pips | 58.1 pips |
COMP/USD | 86.5 pips | 54.1 pips | 0 pips | 179.8 pips |
DOGE/USD | 187.8 pips | 117.5 pips | 52.4 pips | 133.3 pips |
DOT/USD | 22.5 pips | 14 pips | 0 pips | 42.9 pips |
ENJ/USD | 44.5 pips | 27.8 pips | 0 pips | 73.8 pips |
ETH/USD | 15.6 pips | 9.7 pips | 2.3 pips | 0.3 pips |
FIL/USD | 36.9 pips | 23.2 pips | 0 pips | 109.3 pips |
HBA/RUSD | 66.8 pips | 41.8 pips | 0 pips | 161.5 pips |
HT/USD | 191.9 pips | 120.45 pips | 52.9 pips | 137.2 pips |
IOST/USD | 213 pips | 133 pips | 0 pips | 419 pips |
LINK/USD | 6.1 pips | 3.8 pips | 0 pips | 0 pips |
LTC/USD | 10 pips | 6.3 pips | 2 pips | 1 pips |
MANA/USD | 440.3 pips | 274.9 pips | 0 pips | 549.35 pips |
MATIC/USD | 1206.3 pips | 753.9 pips | 403.3 pips | 790.7 pips |
SNX/USD | 76.7 pips | 48.1 pips | 0 pips | 235.6 pips |
SOL/USD | 196.9 pips | 123.2 pips | 0 pips | 275.5 pips |
THETA/USD | 82.1 pips | 51.4 pips | 0 pips | 111.5 pips |
UNI/USD | 10.4 pips | 6.5 pips | 0 pips | 0 pips |
XRP/USD | 10.6 pips | 6.7 pips | None | None |
XTZ/USD | 55.7 pips | 34.9 pips | 0 pips | 89.3 pips |
In addition to offering varied spreads, Exness guarantees lower commission charges for traders. You can start trading with a $0 commission per lot in Standard and Pro accounts. As for Zero and Raw Spread accounts, the commission starts from $0.5 per lot.
Conclusion
Exness is a broker that offers crypto trading with affordable spreads and commissions. At Exness, you can choose from the most popular to smaller cryptocurrencies with great potential. Other good things about crypto trading in Exness lie in the variety of trading accounts to choose from and high leverage. Exness' order executions also benefit short-term traders.
However, you need to remember that crypto trading is not always profitable. You can still lose money if you are not careful because of focusing too much on a lot of profits. Remember, crypto trading is not only volatile but also fluctuates unexpectedly from time to time. The crypto market is also very sensitive to any news that could cause even the slightest shift in the market sentiment. As such, it's important to always keep up with what's going on in the market. On top of that, take risk management very seriously. You could take advantage of Exness' wide choice in cryptocurrencies to spread out your risk weight a.k.a diversifying your portfolio.
Exness is a forex and CFD brokerage that serves clients to trade across multiple markets with the most stable and reliable pricing in the industry. Their features include spreads as low as 0 pips and maximum leverage of 1:unlimited.
28 Comments
Quenn
Dec 30 2022
Vallerie K
Dec 30 2022
Steven J
Dec 30 2022
Joshua
Jan 16 2023
Valerie K: I am new to forex. Now I have a few questions about some term of brokers use such as spread, commisions, free swap and etc. also I have some question regarding your comment above :
Molina
Jan 16 2023
Joshua: Let me answer dude, about the term of brokers like you have said about spread, commisions, swap-free.
You can learn all the other basic term about Forex at here :
About the question that you have asked :
Hope this answer can help you! Have a good day!
Jackson F
Dec 30 2022
Troy K
Dec 30 2022
Mark
Jan 16 2023
Dude, the crypto leverage is 1:200? That's an absolutely high man. Some brokers only offer 1:20 for crypto leverage. Interested in Exness trading terms, is it fast execution with no requote? And what kind of broker is it? STP, Market Maker or ECN Broker? And what is your Metatrader platform when trading crypto? Metatrader 4 or 5? because I read the comment section above some said that crypto trading can in metatrader 4. Thank you!
Ramsdale
Jan 16 2023
Mark: You are correct about leverage. Exness offers higher leverage than other brokers, which is very beneficial for crypto traders.We talked about trading conditions at Exness, right? First of all, Exness is an STP and ECN broker, which of course allows fast execution without requotes, no and no lagging! Also, as an ECN broker, you can see the market depth first hand in the real live market. Next, let's talk about the Metatrader platform that can use MT4 and MT5. MT5 is basically designed for trading cryptocurrencies, so of course you will be using Metatrader 5 as your trading platform!
Lucian
Jan 16 2023
Mark : Yes, you can trade cryptocurrencies using Metatrader 4, but it is very limited. Everything you need to know about MetaTraders, it was designed to trade Forex, CFD's and commodities like gold, silver and oil. Therefore, in my opinion, Metatrader 4 cannot provide the best trading experience for cryptocurrency trading.
Metatrader 5, on the other hand, is designed to trade all possible trading instruments, including crypto, and offers more timeframes than Metatrader 4, making it the preferred trading app for crypto trading. So, as mentioned in the article, if you want more flexibility, choose Metatrader 5 for the best experience.
Sara
Feb 12 2023
I read the article several times and stumble upon one thing: The maximum amount of trading volume per order is 20 lots. Can somebody explain why the maximum lot in Exness crypto trading is so tiny? Meanwhile maximum lot in forex trading can be arount 50 lot and above.
However, I still interested to trade crypto here. As additional information, I often use EA that developed by my spouse. Can I use automated trading strategies on Exness for cryptocurrency trading?
Henry
Feb 12 2023
Sara: Trading conditions are usually set by the broker and there are internal factors that we as traders and clients are not aware of. So in case the trading volume per order is 20 lots in Exness based on Exness policy. I mean, your question is like "why restaurant A has a larger portion while restaurant B has a smaller portion". This is the broker's policy and I don't know how many trades you open.
As I know, 20 lots per order is a lot of trades. Most traders will open 0.01 lots even when scaling, to avoid big losses and minimize risk or if they want a much bigger profit they only trade 0.1 lots.
In other words, you can trade 200 trades with 0.01 lots in one go. Or 20 trades with 0.1 lots.
Can you use the EA on Exness? Of course you can, but what about cryptocurrencies? Of course you can but of course with different EA because Forex and Crypto are two different assets with different analysis too
Henderson
Feb 12 2023
An interesting question here. If Forex works 24 hours and 5 business days. Cryptocurrency trading operates non-stop daily for 24 hours. That's great for me and I think traders who can't trade Forex on business days can consider crypto trading, because even on weekends and Sunday, crypto trading still tradable.
The question is why crypto is open 24/7. And why Forex doesn't do the same thing. If you say liquidity is the factor that make cryptocurrencies trade every day, I guess not! Since the Forex market is the most liquid in the market, Forex doesn't really work every day.
James
Feb 12 2023
Henderson: There is a difference between Forex Trading and Cryptocurrency Trading. Forex is limited for 5 days as all central banks and forex markets in Asia, Australia, Europe, UK and USA are not active on Saturday and Sunday. Because of this, market activities have stopped. And why can Forex actually work 24/7? It's also about the market in it. Therefore, the forex market opens sequentially and not simultaneously. It makes a few hours of the day the forex market can open and close, which makes it likely to work around the clock.
Meanwhile, the cryptocurrency markets are more liberal as there is no regulatory body regulating them, no high and low limits and no trading hours. So you could say, as long as there is activity in the market, crypto can be open 24/7! And the making of that cryptocurrency can be traded every day and all the time
Matthew
Feb 12 2023
Listen, I'm new here and I always read about forex and gold trading on this site and I first read about crypto trading here. Looking at the spread chart in the article above, the spread between cryptocurrencies is huge. Spreads in it even start from 440 pips! And that's the biggest spread I've ever seen. I mean, why are the pips so high?
Whereas in Forex, 3 pips for example, is said to be a very expensive and in Forex or gold trading, the spread even not started from 2-5 pips. I mean, of course, Crypto spreads are surprisingly expensive if you are not trading on a Raw Account that can offer 0 pip! That's really big different at all
Larry
Feb 12 2023
Matthew: You need to know the actual pip's value in order to determine the spread that charged is expensive or not. And you to determine the pip's value, you can simply multiply the lot size and tick size. You can check the details on the websites of the brokers you want to trade with. Meanwhile, the standard pip value I know is BTC/USD with 1 standard pip = $0.1 and it can drop by $0.01 if you trade with 0.1 lots and $0.001 if the trading volume is 0.01 lots.
So if the chart above for example shows 126 pips. the standard fee you will have to pay is $12.6 and if you compare with EUR/USD the standard spread calculated is really not much different (EUR/USD 1 standard pip = $10)
Dundal Areem
Mar 24 2023
Hey, if I bought some coins in exness, can I stake the coin? Cuz my friend keeps saying I can't stake the coins that I bought from Exness? Why is that?
Habib Sadidi
Mar 24 2023
@Dundal Areem:
No, it is not possible to stake cryptocurrencies bought through Exness CFDs for long-term profits as CFDs are a type of derivative product. CFDs (Contracts for Difference) allow traders to speculate on the price movements of the underlying asset without owning the asset itself.
When trading CFDs, you are essentially making a bet on the price movement of the cryptocurrency, and you do not own the underlying asset. Therefore, you cannot stake the cryptocurrency for long-term profits or earn rewards by holding it.
If you want to stake cryptocurrency for long-term profits, you will need to buy the actual cryptocurrency and hold it in a wallet that supports staking. Staking is a process where cryptocurrency holders lock their coins or tokens to support the network's operations and earn rewards in return.
If you want to buy and own (and therefore stake) actual coins, here are some of the popular markets that you should consider:
Nibir Tangail
Apr 15 2023
Can I use leverage when trading cryptocurrencies on Exness, and if so, what are the maximum leverage amounts for different cryptocurrencies? How does the use of leverage affect my risk and potential returns in crypto trading?
Mohiuddin Kan Badon
Apr 15 2023
@Nibir Tangail:Yes, you can use leverage when trading cryptocurrencies on Exness. The maximum leverage amount for each cryptocurrency can vary depending on factors such as market conditions and regulatory requirements. However, Exness offers competitive leverage amounts for its cryptocurrency trading instruments.
For example, the maximum leverage for Bitcoin (BTC/USD) on Exness is currently 1:200, while the maximum leverage for Ethereum (ETH/USD) is 1:100. Other cryptocurrencies, such as Litecoin (LTC/USD) and Ripple (XRP/USD), also have varying maximum leverage amounts on Exness.
It's important to note that while leverage can increase your potential returns in cryptocurrency trading, it also comes with increased risk. This means that if the market moves against your position, you could face significant losses. Therefore, it's important to have a solid risk management strategy in place, such as using stop-loss orders or limiting your leverage amount based on your risk tolerance.
Additionally, it's important to educate yourself about the risks and volatility of the cryptocurrency market before trading with leverage. While the potential returns can be high, so can the potential losses, and it's important to understand the risks before jumping in.
Margelius
Apr 24 2023
Hey there, if you're a beginner looking to trade with cryptocurrency, have you checked out Exness? They offer a wide range of popular cryptocurrencies including CFDs on Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Solana, Synthetix, Uniswap, Basic Attention Token, Polkadot, Tezoz, Cardano, Binance Coin, Enjin Coin, File Coin, Dogecoin, Compound, Theta, Aave, Chainlink, IOST, Pancake Swap, Polygon, Huobi Token, Decentraland, Hedera Hashgraph, and 1inch. That's a pretty extensive list!
Now, if you're new to the world of trading and want to get started with cryptocurrency, which one that may suit to you?
Jordi
Apr 24 2023
@Margelius: First, it's important to understand that cryptocurrency trading can be volatile and risky, and it's essential to have a solid understanding of the market and its associated risks before trading. It's also important to have a trading strategy that takes into account risk management principles.
When it comes to choosing a specific cryptocurrency to trade, there are a few factors to consider. Some traders may choose to focus on the most popular cryptocurrencies like Bitcoin or Ethereum, while others may look for lesser-known cryptocurrencies with higher growth potential. Some traders may also consider the liquidity of a particular cryptocurrency, as more liquid assets tend to have tighter bid-ask spreads and lower trading fees.
Maguire
Apr 24 2023
Hey there! I've been thinking about trading cryptocurrencies on Exness, but I'm still trying to understand the different margin requirements. I saw that Exness offers a fixed margin requirement service, which sounds interesting. Can you explain what this means? I also noticed that the margin required to open an order remains unchanged, regardless of the leverage set. That seems different from other platforms I've looked at. How does this work with cryptocurrencies? And what's the deal with the traded margin and higher margin rules? Finally, I saw that the fixed margin requirement for most cryptocurrencies is 0.5%, but Bitcoin and Ethereum have a lower requirement of 0.25%. Why is that? Thanks for your help
John Wesley
Apr 24 2023
@Maguire: I'd be happy to help you understand Exness's fixed margin requirement service and how it works for cryptocurrencies.
A fixed margin requirement means that the amount of margin required to open a position is predetermined and remains the same regardless of the leverage used. This is in contrast to variable margin requirements, where the required margin changes based on the leverage ed.
With Exness's fixed margin requirement service for cryptocurrencies, the margin required to open an order remains unchanged, regardless of the leverage set. This means that traders can use higher leverage without having to deposit additional margin.
Traded margin is the amount of margin that is actually used to maintain an open position. This can vary based on the size of the position and the price movements of the cryptocurrency being traded. Exness also has higher margin rules in place to prevent traders from over-leveraging and potentially losing more than their initial investment.
As for the lower margin requirements for Bitcoin and Ethereum, this is likely due to the higher volatility and liquidity of these cryptocurrencies compared to others. Lower margin requirements allow traders to take advantage of these characteristics while still managing their risk.
Shota
Apr 24 2023
Can anyone explain to me, how does Exness ensure 24/7 availability of cryptocurrency trading for its traders, and what communication channels does the broker use to notify traders of any errors or server maintenance that may disrupt trading continuity?
And if crypto trade for 24/7, it means broker will not have a rest day, right? Wow, thinking of this I think Exness provide the service for 24/7 is very good after all. BUt really, I think I need an explanation based on above article! Thank you!
Lonard
Apr 24 2023
@Shota: Hey there!
Exness is a broker that offers 24/7 cryptocurrency trading to its clients. To ensure this, the broker has a team of professionals who are responsible for maintaining the trading platform and addressing any technical issues that may arise. The broker uses a combination of technology and human resources to ensure that the trading platform is always available for its clients.
One of the ways Exness ensures 24/7 availability is by using a distributed server infrastructure. This means that the trading platform is hosted on multiple servers located in different parts of the world. In the event that one server goes down, the other servers can continue to provide trading services to clients without interruption. Additionally, the broker uses advanced monitoring tools to track the performance of the trading platform and identify any potential issues before they become a problem.
In terms of communication channels, Exness uses a variety of methods to notify clients of any issues that may affect trading continuity. The broker has a dedicated support team that is available 24/7 to answer questions and provide assistance to clients. The support team can be reached via phone, email, or live chat. Additionally, the broker sends regular email updates to clients to keep them informed of any changes or updates to the trading platform.
In the event of server maintenance or other planned disruptions, Exness typically sends notifications to clients via email or through the trading platform itself. The broker may also post updates on its social media channels or on its website to keep clients informed.
Regarding your question about the broker having a rest day, it's true that cryptocurrency trading operates 24/7, and as a result, the broker must also provide continuous service. However, Exness has a team of professionals who work in shifts to ensure that the trading platform is always available for its clients. This allows the broker to provide continuous service while still giving its employees time off to rest and recharge.
Vitto
Feb 26 2024
Hey, so I'm pretty new around here, and I've been reading up on forex and gold trading on this site. Just recently, I came across some info about crypto trading for the first time here. So, I was checking out this article, and the spread chart caught my eye. The spread between cryptocurrencies seems massive – like, starting from 440 pips! That's the widest spread I've ever seen. I'm wondering, why are the pips so high for cryptos?
Compared to forex, where even 3 pips is considered pricey, and in forex or gold trading, spreads usually don't start from 2-5 pips. So, naturally, crypto spreads seem crazy expensive, unless you're trading on a Raw Account that offers 0 pip! The difference is huge, don't you think?
Faisal
Feb 28 2024
Let me answer your question in simple way! So, the high spreads in cryptocurrency trading, often starting from 440 pips as seen in the article, are mainly because cryptocurrency markets are more volatile and less stable compared to traditional forex and gold markets. This means that prices can change rapidly, making it riskier for brokers. Also, cryptocurrency markets are open 24/7, which can lead to more fluctuations in prices and spreads. Additionally, since the cryptocurrency market is relatively new and not as regulated as other markets, there are fewer participants and less oversight, which can also contribute to wider spreads. In contrast, forex and gold markets have tighter spreads because they are more stable and have more participants, making them less risky for brokers.