It is always interesting when a CFD broker gives us a glimpse into what is going on behind the scenes, such as what instruments are actually traded.
And Plus500 Ltd (LON:PLUS) has done just that, revealing to LeapRate their top-traded instruments over the past three days across a variety of sectors – Forex, Stocks, Commodities, ETFs… (by cfds).
There isn’t too much of a surprise in the data. As expected, the top-3 Forex pairs traded by CFDs at Plus500 are EURUSD, GBPUSD, and USDJPY. However what caught our eye was how Bitcoin sneaked into the top 3 instruments in the Commodities-CFD segment, following #1 Crude Oil and #2 Gold. Not too surprising actually, given the wild ride Bitcoin has taken since the weekend – up to $500 from the mid-$300’s, and then back down again.
Traders just love volatility. And clearly they’re not afraid of dipping their toes into the waters of Bitcoin CFD trading.
Here are the top 3 instruments traded at Plus500 by CFDs over the past three days, by segment:
Stocks-CFD:
Linn Energy
Valeant
Alibaba
Commodities-CFD:
Oil
Gold
Bitcoin
Forex-CFD:
EUR/USD
GBP/USD
USD/JPY
Indices-CFD:
Germany 30
USA 500
US-TECH 100
ETFs-CFD:
VXX Volatility
DIA
QQQ