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| Symbol | MKRUSD |
| Name | Maker vs US Dollar |
| Quote Currency | USD |
| Trading Hours | 24/7 |
| Spread As Low as (Quote currency) | 3.2 |
| Commission | No |
| Contract Size (Per Lot) | 1 MKR |
| 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.
Amid the ever-fluctuating prices of the cryptocurrency world, the demand for stablecoins—cryptocurrencies pegged to stable assets like fiat currencies—has risen. At the heart of this stability-centric evolution stands Maker and its associated stablecoin, DAI. With its unique mechanism and governance model, Maker’s MKR token has become a focal point in the CFD trading sector. This article delves into the world of Maker, exploring its conceptual foundations and its implications within the Contract for Difference (CFD) trading landscape.
Launched in 2015, MakerDAO is the organization behind the DAI stablecoin and the MKR token.
The overarching aim was simple yet revolutionary: to introduce a stablecoin (DAI) which is backed by collateral assets and whose value is maintained stable, primarily against the US dollar, through smart contracts.
DAI Stablecoin
DAI maintains a peg, primarily to the US dollar. It's overcollateralized by assets locked in Ethereum-based smart contracts.
Collateralized Debt Positions (CDPs)
Users can lock up their assets (e.g., ETH) in CDPs to generate DAI. These positions can be later closed by returning the borrowed DAI and a stability fee.
MKR Token and Governance
The MKR token is used to pay stability fees, maintain the system's equilibrium, and importantly, for governance. MKR holders have the authority to vote on proposals, including system upgrades and risk parameters.
Autonomous Stability Mechanism
Should the system become undercollateralized, new MKR tokens can be created and sold to raise the necessary funds, ensuring DAI’s stability.
The dual-token system of Maker, combined with its pioneering role in the DeFi space, positions MKR as an intriguing asset for CFD traders. Many watch these areas:
System Health Dynamics: Any significant changes in the overall health of the Maker system, like the total value locked or the stability of DAI’s peg, can influence the MKR price, providing CFD trading opportunities.
Governance Decisions: As MKR token holders can vote on system proposals, any significant governance decisions can have ramifications on MKR’s market dynamics.
DeFi Interplay: Maker’s integral position in the DeFi ecosystem means that trends, collaborations, or events in the broader DeFi space can impact MKR’s value.
Maker, with its groundbreaking approach to decentralized stability, has redefined the stablecoin narrative. It embodies the synthesis of intricate smart contract mechanisms with a robust governance model.
Start trading MKR/USD (Maker) crypto CFD now!
Trading CFDs allows for potential profit from both rising and falling markets. Additionally, traders can use leverage, which means they can control a larger position with a smaller initial deposit. However, this also amplifies potential losses.
While the cryptocurrency market operates 24/7, brokers will have varying trading hours for CFDs. Here at Baxia Markets, we allow our clients to access and trade MKR/USD (Maker) 24/7.
Factors include changes in the MakerDAO ecosystem, overall cryptocurrency market sentiment, regulatory news, technological advancements, and broader macroeconomic factors.
Begin by selecting a reputable broker that offers MKR/USD (Maker) crypto CFDs, such as Baxia Markets. After setting up and funding your account, you can start trading based on your analysis and strategy.
Maker is a decentralized autonomous organization (DAO) on the Ethereum blockchain, responsible for the creation of DAI, a stablecoin pegged to the US Dollar. Understanding the fundamentals of the Maker project can be vital for making informed trading decisions.
Yes, CFDs allow traders to take both long and short positions. If you believe the price of Maker will decline against the US Dollar, you can open a short position.
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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.
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