Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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Trade [[data.name]]

The most popular and up-and-rising cryptocurrencies.

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About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

Solana is a cryptocurrency and blockchain platform that focuses on scalability and performance. The native currency of the Solana network is SOLUSD, which is used to power transactions and smart contracts. The Solana foundation was founded in 2017 by Anatoly Yakovenko, who also serves as the project's CEO.

The Solana team has developed a unique consensus algorithm called Proof-of-History (PoH), which allows the platform to achieve high transaction speeds without sacrificing security. In addition, Solana's Byzantine Fault Tolerance (BFT) protocol ensures that the platform can withstand up to two thirds of malicious nodes without compromising safety.

Currently, Solana is able to process over 50,000 transactions per second, making it one of the fastest blockchain platforms in existence. The team is continuing to work on scaling solutions, which will allow the platform to process even more transactions in the future.

Since Solana's inception in 2017, the native cryptocurrency SOL has seen a steady increase in price and market capitalization. In early trading, SOLUSD reached a high of $0.32 before pulling back to around $0.20. The coin then entered a period of consolidation around the $0.20 mark for several months.

In mid-2018, SOLUSD began to rise again, this time reaching a high of $1.20 in December of that year. After another brief pullback, the coin surged to an all-time high of $4.60 in June 2019. Since then, Solana's price has been on a general downward trend, although there have been some spikes along the way.

Investing in Solana simply means buying the underlying asset and holding onto it for a set period of time. This could be anything from a few weeks to several years. The aim here is to benefit from Solana’s price appreciation over time.

Trading Solana, on the other hand, involves taking a position on the price movement of the asset – without actually owning it. This is done through derivatives like CFDs (contracts for difference). CFD trading allows you to speculate on both rising and falling prices. So, whether Solana’s price is going up or down, you can trade accordingly.

CFD trading also offers a number of other benefits, including leverage and short selling. Leverage enables you to trade with more money than you have in your account, magnifying your potential profits (or losses).

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Trade [[data.name]] with Skilling

The most popular and trending cryptocurrencies, all in one place at the right time.

  • Trade 24/7
  • Minimum margin requirement below ~3$
  • Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
  • No withdrawal fees
  • Diversify! 900+ instruments to choose from
Sign up

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.

Crypto CFD
Physical Crypto
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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