Polish brokerage giant XTB has strengthened its cryptocurrency agreement to provide variance (CFDS) by reducing spreads by up to 60% and increasing the exposure limit from 1 million euros to 10 million euros.
A significant reduction in spreads
According to a spread comparison table shared by brokers, Bitcoin CFD spreads have been reduced by around 41%, while Ethereum CFD saw its biggest drop at 60.5%. XTB also offers CFDs in Ripple, Cardano and Litecoin, with spreads down 19%, 23% and 53% respectively. The ChainLink CFDS is another device on the platform, with a spread reduction of nearly 58.5%.
“These changes focus on optimizing CFD trading terms and providing excellent value to institutional partners,” XTB said in the announcement. “These strategic upgrades provide greater flexibility and scale, allowing for greater transactions to be carried out with improved pricing and reduced slippage.”
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The Polish broker has announced plans to list 16 new cryptocurrencies, including Meme Tokens, in addition to lower spreads and rising exposure. The list will continue in stages from this month to the second half of this month.
“Combining lower costs and extended trading capabilities enables institutional clients to improve their strategy and confidently pursue broader market opportunities,” the broker added.
XTB continues to expand
FinanceMagnates.com Previously, XTB reported that it leads broker rankings with 555,000 active accounts, as the CFDS industry total exceeds 5 million accounts.
Meanwhile, brokers listed in Poland are also growing their global footprint. Last month, they opened a new Dubai office after receiving a license from the UAE’s Securities Bureau (SCA). We have also renewed the Dubai Financial Services Authority (DFSA) license, which has been operating since July 2021.
In addition to its expansion in the UAE, XTB also secured a license in Indonesia, followed by securities agent licenses from the Chilean financial regulator, commemorating its continued growth in Latin America.
