What is a Bitcoin CFD & how does it work?
Could you please elaborate on the concept of a Bitcoin CFD, and explain in detail how it functions? I'm curious about the mechanics behind this financial instrument, specifically how it allows investors to speculate on the price movements of Bitcoin without actually owning the underlying asset. How does a CFD trading platform enable this? What are the risks associated with trading Bitcoin CFDs? And finally, how do CFDs differ from traditional Bitcoin trading or investing?