The concept of Bitcoin was originally proposed by Satoshi Nakamoto in 2009. Based on Nakamoto's vision, it was designed and released as open-source software, establishing a peer-to-peer (P2P) network for its operation. Bitcoin is a decentralized digital currency that enables direct peer-to-peer transactions, eliminating the need for intermediaries. Bitcoins can be converted into cash and exchanged for most national currencies. Users can also use Bitcoin to purchase virtual items in online games, such as clothing, accessories, and equipment. Additionally, as long as a seller accepts Bitcoin, it can be used to buy real-world goods and services.

ETH is the native cryptocurrency of Ethereum, often referred to as 'Bitcoin 2.0.' Unlike Bitcoin, Ethereum's blockchain is designed to support smart contracts and decentralized applications (DApps). Developers must use Ethereum (ETH) to pay for transaction fees and computational services required for running applications on the network. Like other digital assets, ETH can be bought and sold on trading platforms.

In March 2017, the Enterprise Ethereum Alliance (EEA) was established, with founding members including JPMorgan Chase, Microsoft, and Intel, among others.

Litecoin (LTC) is a peer-to-peer (P2P) digital currency and an open-source software project released under the MIT/X11 license. It enables users to make instant payments worldwide.

Litecoin was inspired by Bitcoin (BTC) and shares the same fundamental technical principles. Its creation and transfer are based on an open-source cryptographic protocol that is not governed by any central authority. Designed as an improvement over Bitcoin, Litecoin offers several advantages, particularly in transaction speed and mining efficiency.

First, the Litecoin network processes a block every 2.5 minutes, compared to Bitcoin's 10 minutes, enabling faster transaction confirmations for everyday use.

Second, Litecoin has a maximum supply of 84 million coins, which is four times the total supply of Bitcoin.

Third, Litecoin's creators adopted the Scrypt algorithm, proposed by Colin Percival, for its PoW system, making mining more accessible on standard computers than Bitcoin's SHA-256.

Additionally, each Litecoin is divisible into 100,000,000 smaller units, with eight decimal places for precision, ensuring flexibility in transactions.

Leverage up to 10 times

Leverage allows traders to amplify their investment size, with different products offering varying leverage ratios. Currently, the maximum leverage for virtual currency trading is 10x. For example, an investment of $1,000 can control a position worth $10,000. However, effective risk management is crucial, as high leverage can lead to substantial gains but also significant losses.

Two-way transaction

Virtual currency can be bought up or down; no matter whether it goes up or down, as long as you choose the right direction, you can make a profit.

Low-cost transaction

Virtual currency traders basically do not charge any transaction fees and only profit from the spread. The point difference provided by CF Global Trade is at the lowest level in the industry, among which Litecoin is as low as 1.5 points, and Ethereum is as low as 6 points. For specific charges, please click here.

Initial margin

Initial Margin refers to the amount of money required to be paid by a trader when placing an order.

Day trade margin and weekend margin

Day Trade Margin refers to the margin amount the customer must have during the trading hours. If they do not, they will be required to offset the position.

Weekend Margin refers to the margin amount the customer must have to carry the position overnight. If they do not, they will be required to offset the position.

Spread

A spread refers to the difference between the bid and ask prices. For traders, the smaller the spread, the lower the cost of trading.

In the long run, the spread can greatly affect the general profits or losses of day traders but have little impact on those of mid- and long-term traders.

There are two prices for Commodity: The buy price is called "BID", and the sell price is called "ASK". A spread refers to the difference between the bid and ask prices.

The calculation mode is provided as follows:

Gross profit or loss = (ASK-Bid) × contract unit × traded lots + overnight interest (if any) - commission (if any).