Bitcoin
BTC/USD gives exposure to changes in the price of Bitcoin against the US dollar without taking delivery of Bitcoin.
Crypto CFD · USD quotedOANDA crypto CFDs
OANDA Asia Pacific offers USD-denominated CFDs on Bitcoin, Bitcoin Cash, Ether and Litecoin. You trade the price movement rather than owning the underlying coin, with the ability to go long or short and use fractional positions from 0.01 units.
Explore OANDA trading platforms
- 4CFDs
- Bitcoin, Bitcoin Cash, Ether and Litecoin
- 0.01units
- Fractional positions reduce the minimum nominal trade size
- 2:1max
- Current maximum leverage for OANDA Asia Pacific retail clients
- 24/5hours
- Crypto CFDs trade during OANDA's weekday market session
Crypto market reference prices
The table tracks BTC, ETH, SOL, LTC and XRP market prices for reference. OANDA Asia Pacific currently offers crypto CFDs only on Bitcoin, Bitcoin Cash, Ether and Litecoin.
| Instrument | Price | Daily change |
|---|---|---|
| Bitcoin/USD | — | — |
| Ethereum/USD | — | — |
| Solana/USD (market reference) | — | — |
| Litecoin/USD | — | — |
| XRP/USD (market reference) | — | — |
Market prices are for reference only. Tradable instruments, spreads and execution prices are those shown in the relevant OANDA account.
OANDA Asia Pacific crypto CFDs
OANDA Asia Pacific currently offers four USD-denominated cryptocurrency CFDs. You do not acquire the underlying tokens; contract specifications, margin, spreads and hours are set by the applicable account.
Ether
ETH/USD tracks Ether against the US dollar without an on-chain transfer or custody of the underlying asset.
Crypto CFD · USD quotedBitcoin Cash
BCH/USD is one of the four cryptocurrency CFDs currently offered by OANDA Asia Pacific.
Crypto CFD · USD quotedLitecoin
LTC/USD provides exposure to Litecoin's price against the US dollar and supports fractional positions.
Crypto CFD · USD quotedNo coin ownership
A crypto CFD records a contract position and its profit or loss. OANDA does not deliver Bitcoin, Ether or other tokens to your wallet.
No private keys · No on-chain withdrawalHow OANDA crypto CFDs work
Crypto CFDs differ from spot crypto in ownership, margin, trading direction and carrying costs. Exact charges and contract terms depend on the OANDA account and instrument.
Contracts for difference
You trade the difference between the opening and closing price rather than acquiring the underlying cryptocurrency or settling on-chain.
Long and short
You can open long or short positions. Either direction can produce a loss if the market moves against the position.
Up to 2:1 leverage
OANDA Asia Pacific currently lists 2:1 maximum leverage for retail clients on Bitcoin, Bitcoin Cash, Ether and Litecoin CFDs, equivalent to a 50% margin requirement.
Spreads, commission and financing
Trading costs can include the spread, applicable commission and financing on positions held across the financing cut-off. The pricing model depends on the account and product.
24/5 trading
OANDA Asia Pacific crypto CFDs currently trade from Sunday to Friday on a 24/5 schedule, with a short daily market break rather than continuous weekend trading.
Stops and margin
Standard stop-loss orders are available, but crypto CFDs do not support GSLOs and a standard stop loss does not reduce the margin requirement for these instruments.
BTC/USD short position: P&L example
This example shows the nominal P&L relationship for a 0.1 BTC-equivalent short position. It does not represent a current Bitcoin price, OANDA quote or suggested trade size.
Trade setup
- Direction
- Sell BTC/USD
- Volume
- 0.1 BTC
- Entry
- 80,000
- Take profit / Stop loss
- 77,000 / 81,500
Price falls to 77,000
+US$300 before costs80,000 → 77,000, down US$3,000.
3,000 × 0.1 = US$300 profit.
Price rises to 81,500
−US$150 before costs80,000 → 81,500, up US$1,500.
1,500 × 0.1 = US$150 loss.
The example excludes spread, commission, financing, slippage and other charges. It illustrates the calculation only and does not represent an actual trading result.
Crypto CFDs vs owning cryptocurrency
Both can provide exposure to cryptocurrency prices, but ownership, custody, leverage and cost structures are different.
| Feature | CFD trading | Buying crypto directly |
|---|---|---|
| Crypto wallet | No wallet or private keys required | May be held with an exchange or in a self-custody wallet |
| Direction | Go long or short | Spot ownership primarily provides long price exposure |
| Margin | Uses margin, magnifying gains and losses relative to deposited capital | Spot purchases are generally funded with the purchase amount |
| Ownership | No ownership of the underlying cryptocurrency | You hold or have a claim to the underlying crypto asset |
| Costs | Spread, applicable commission and financing | Trading, custody or withdrawal charges depend on the provider |
| Account environment | Traded from an OANDA account that supports crypto CFDs | Usually held through a crypto exchange, broker or custody service |
What can move cryptocurrency prices
Crypto CFD prices follow changes in the underlying cryptocurrency market. Liquidity, regulation, macro conditions, market structure and network events can all change price and spreads quickly.
- Macro rates, US-dollar liquidity and risk appetite can affect crypto valuations
- Regulation, ETF flows and large market participants can change supply and demand
- High derivatives leverage and forced liquidations can amplify short-term moves
Bitcoin halving
Bitcoin halving changes the pace of new supply, but it does not by itself determine the direction of Bitcoin's market price.
Regulation
Changes to trading, stablecoin, securities and tax rules in major jurisdictions can affect expectations, access and liquidity.
ETFs and institutions
Subscriptions, redemptions and institutional positioning in spot crypto products can affect marginal demand for underlying assets.
Rates and USD liquidity
Interest rates, US-dollar liquidity and broad risk appetite can change the funding environment for cryptocurrency markets.
Network and technology events
Protocol upgrades, security events, congestion and changes in network activity can influence sentiment around individual cryptocurrencies.
Leverage and sentiment
When derivatives leverage is concentrated, rapid price changes can trigger forced liquidations that further increase short-term volatility.
Margin, stop losses and volatility risk
Crypto CFDs combine leverage with a highly volatile underlying market. Standard stop orders can slip, and prices may gap when OANDA's crypto CFD market reopens after the weekend.
Position size and margin
OANDA Asia Pacific currently sets a 2:1 retail maximum leverage for crypto CFDs. Larger positions therefore use more margin and create larger changes in account equity for the same price move.
Standard stop-loss orders
Crypto CFDs support standard stop-loss orders but not GSLOs. A standard stop can fill at the next available price if the market moves through the requested level.
24/5 market and reopening gaps
OANDA crypto CFDs are not open 24/7. The underlying crypto market can continue moving while OANDA is closed, so reopening prices may differ materially from the prior close.
Risk warning
Cryptocurrency CFDs are high-risk leveraged products. Leverage magnifies both gains and losses, while gaps, wider spreads and margin pressure can cause losses to increase quickly. Conditions vary by OANDA entity and account.
OANDA crypto CFD account and trading environment
Available instruments, platforms, margin and order features are determined by the OANDA entity and sub-account that serves you.
Account and products
OANDA Asia Pacific currently offers Bitcoin, Bitcoin Cash, Ether and Litecoin CFDs. Platform access is available from the download page.
Platforms and orders
Supported OANDA trading environments allow long and short positions and standard stop losses. Crypto CFDs currently do not support GSLOs.
Margin and trading hours
Retail leverage is currently capped at 2:1 and the crypto CFD session runs 24/5. Current spreads, margin and trading hours should be checked in the applicable OANDA account.
OANDA crypto CFD FAQ
For more account, funding and platform questions, see our FAQ page.
Do I need a crypto wallet to trade crypto CFDs?
No. OANDA crypto CFDs do not deliver the underlying cryptocurrency, so there is no on-chain transfer, private-key management or wallet custody.
Can I short OANDA crypto CFDs?
Yes. OANDA Asia Pacific crypto CFDs can be traded long or short. A short position can still lose money if the underlying cryptocurrency rises instead of falls.
Can I trade OANDA crypto CFDs at the weekend?
Not currently. OANDA Asia Pacific lists Bitcoin, Bitcoin Cash, Ether and Litecoin CFDs on a 24/5 schedule, with a short daily break. The underlying crypto market can still move while OANDA is closed.
What leverage applies to OANDA crypto CFDs?
OANDA Asia Pacific currently lists 2:1 maximum leverage for retail clients on Bitcoin, Bitcoin Cash, Ether and Litecoin CFDs, equivalent to a 50% margin requirement.
Which crypto CFDs does OANDA Asia Pacific currently offer?
The current Singapore offering contains four USD-denominated crypto CFDs: Bitcoin, Bitcoin Cash, Ether and Litecoin. Solana and XRP are not part of that current list.
Can I use a GSLO on OANDA crypto CFDs?
No. OANDA Asia Pacific currently does not allow Guaranteed Stop-Loss Orders on crypto CFDs. Standard stop-loss orders are available, but they do not reduce the margin requirement for crypto CFDs.
OANDA Crypto CFDs
Bitcoin, Bitcoin Cash, Ether and Litecoin CFDs
OANDA Asia Pacific crypto CFDs support fractional positions, long and short trading and 24/5 market hours. Spreads, margin, order features and platform access depend on current account conditions.