Introduction

Eightcap, a financial derivatives provider, has launched a contract for difference (CFD) based on the CoinDesk 20 Index, which tracks the performance of major digital assets.

Key Points

• The CoinDesk 20 CFD is offered to retail traders, available in both fiat and USDT pairs, functioning as an over-the-counter (OTC) derivatives product.
• Eightcap is headquartered in Melbourne and is regulated in the UK, EU, Bahamas, and Australia.

Market Implications

By introducing regulated CFDs, Eightcap aims to provide investment products akin to traditional finance, signaling a maturation of the crypto market. In their announcement, Eightcap stated, “The CD20 CFD will bridge the gap between traditional finance and the digital asset space by delivering institutional-grade crypto index access within a robust, compliant framework.”