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CRYPTO FX

Go long or short with leverage to capitalize on rapid price movements

Why trade crypto as forex pairs

  • Protection

    The forex market is reliable and regulated

  • Wallet

    You don’t need a
    crypto wallet

  • Wallet

    Leverage offers higher market exposure

  • Wallet

    You can choose the optimal currency to cash out

Access crypto at competitive prices

Here are some indicative spreads for the most popular crypto pairs. Lower prices available for active traders.

  • BTC

    BTCUSD

    spreads from

    91

    USD

  • ETH

    ETHUSD

    spreads from

    6.3

    USD

  • ETH

    ETHEUR

    spreads from

    6.4

    EUR

  • LTC

    LTCUSD

    spreads from

    0.26

    USD

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Should I trade crypto FX?

Cryptocurrencies have become known for their extreme fluctuations in prices. While there is potential for significant gains, please understand the risks before investing.

With crypto markets still largely unregulated, they can be prone to market manipulation. Hackers have also gained unauthorised access to digital wallets and crypto exchanges.

Most bitcoins are held by a small number of investors, and many platforms and exchanges trade on their own books. In a sales rush, liquidity issues could leave investors sidelined with rapidly falling prices.

The parabolic price increases of cryptocurrencies are largely driven by speculation rather than intrinsic value. The first crypto bubble burst spectacularly in 2018, suggesting history could repeat itself. 

Cryptocurrencies are known for their volatility. Bitcoin, for example soared by over 1000% in 2017, only to lose 80% of its value the following year. While large corporations have since entered the crypto space, Bitcoin and other cryptos continue to make significant  moves up and down.

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Good to know

Saxo offers access to crypto through exchange traded products (ETPs) and a variety of Crypto FX pairs e.g. BTCUSD, LTCEUR and ETHJPY.

Saxo does not allow funding or withdrawal in cryptocurrencies.

Crypto FX pairs support fractional trading which allows you to trade in fractions of a crypto.

This provides the possibility to scale your position with greater precision and does not limit you to trading crypto in full integer amounts.

Crypto FX is open for trading 24 hours a day, 5½ days a week, opening on Sunday evening at 18:00 Eastern Time (ET) and closing on Friday evening 17:00 Eastern Time.

Please note that the underlying crypto market remains open on weekends and any Crypto FX exposure should be managed and adjusted before the FX trading session closes on Friday evening.

Find more information about Crypto FX trading hours here.

For more information please visit our crypto FX support page

Crypto FXClassicPlatinumVIP
Crypto FX

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  • 30+ years

    Experience in the industry

  • 820,000+

    Clients

  • 20+ bn

    USD daily trade volume

  • 110+

    Industry awards

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

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Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

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