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| Symbol | KSMUSD |
| Name | Kusama vs US Dollar |
| Quote Currency | USD |
| Trading Hours | 24/7 |
| Spread As Low as (Quote currency) | 0.072 |
| Commission | No |
| Contract Size (Per Lot) | 1 KSM |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Leverage Up To | 1:100 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Crypto |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
When diving into the blockchain cosmos, Kusama, often referred to as Polkadot’s “canary network” or “wild cousin,” emerges as a standout name. Embracing unpredictability, innovation, and rapid evolution, Kusama and its native token, KSM, have become focal points for developers, crypto enthusiasts, and notably, the CFD trading community. In this article, we’ll explore the rebellious world of Kusama, its distinguishing attributes, and its relevance in the realm of CFD trading.
Founded by Dr. Gavin Wood, one of the co-founders of Ethereum, Kusama operates as an experimental development environment for its sibling network, Polkadot.
Designed to be faster and more agile, Kusama provides a sandbox for developers to test and deploy new projects, paving the way for their eventual launch on Polkadot.
Rapid Iteration
Kusama has been engineered for speed, with faster governance mechanisms and shorter staking periods, allowing for swift testing and deployment of ideas.
Interoperability
Similar to Polkadot, Kusama emphasizes cross-chain compatibility, enabling various blockchains to interact seamlessly.
Decentralized Governance
Kusama’s governance model is inherently democratic, with stakeholders making crucial decisions about the network’s direction and upgrades.
Relay Chain and Parachains
At the heart of its architecture, Kusama's relay chain facilitates interoperability, while parachains (individual blockchains) can connect to tap into the network's shared security and interoperability features.
Kusama’s inherent risk-taking and innovative spirit, combined with the performance of the KSM token, has attracted attention within CFD (Contract for Difference) trading circles. Here’s what makes KSM a captivating asset:
Price Dynamics: As a hotbed for pioneering blockchain projects, Kusama’s ecosystem often sees surges in activity. Subsequently, KSM’s price responds to project deployments, governance decisions, and broader crypto market sentiments.
Intrinsic Link to Polkadot: The symbiotic relationship between Kusama and Polkadot can lead to mirrored market movements, giving traders insights into the interconnected dynamics of the two ecosystems.
Project Launches: As projects roll out on Kusama, they can generate substantial interest, influencing the price trajectory of KSM.
Expanding Ecosystem: With growing recognition, Kusama’s ecosystem is expanding, and as more developers flock to the platform, KSM’s significance in CFD trading continues to rise.
Kusama, with its daring ethos and its relationship with Polkadot, represents a unique corner of the blockchain universe. It underscores the value of experimentation, rapid iteration, and community-driven evolution. For CFD traders, Kusama offers a glimpse into the future of decentralized projects, shaped in a world where innovation thrives unbridled.
Start trading KSM/USD crypto CFD now!
With KSM/USD CFD trading, you’re speculating on price movements without possessing the actual KSM tokens. This offers the possibility to profit from both price rises and declines without requiring a Kusama wallet.
Start by selecting a trusted broker offering KSM/USD crypto CFDs, such as Baxia Markets. After registration and depositing funds, you can initiate trading using the platform.
Yes, the crypto market can be unpredictable, and KSM/USD is no exception. CFDs, especially with leverage, can result in both significant gains and losses in short periods.
Kusama’s unique position as Polkadot’s experimental playground gives it value for developers and investors who believe in Polkadot’s ecosystem and future.
KSM/USD price can be influenced by overall crypto market sentiment, Kusama network updates, regulatory news, and larger economic shifts.
Generally, cryptocurrency markets are available 24/7, but specific trading hours might differ by broker. Here at Baxia Markets, we give our clients access to trade KSM/USD 24/7 at their convenience.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.