[[ data.name ]]
[[ data.ticker ]]
[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
Low: [[ data.low ]]
High: [[ data.high ]]
About
History
Why trade?
About
History
Why trade?
Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It provides users with access to a wide range of assets, and the ability to collateralize their Synthetix Holdings into Synths – ERC-20 tokens that represent real-world assets such as stocks, commodities, and fiat currencies. SNX is also used to enable the trading of Synths, as well as to stake rewards for those who provide liquidity and secure the network.
The price of SNX has seen a dramatic increase in the past few months, reaching an all-time high in December. After peaking at $26.44 on 14th February 2021, SNX then dropped to its lowest price of $1.44 on 1st Jan 2023.
This price volatility makes SNX a potentially attractive trading asset for anyone looking to take advantage of the market movements. Traders should be aware that prices can change quickly and that they may need to adjust their strategies accordingly if they want to maximize their profits.
Synthetix is an Ethereum-based derivatives platform that allows users to access on-chain exposure to a range of assets. It has become a popular choice among traders due to its low fees, ease of use and real-time pricing information. The Synthetix network also supports trading in a variety of other coins such as Bitcoin, Ethereum, USDC and DAI.
Traders looking for alternative coins to trade may consider investing in Polkadot (DOT). Polakdot is a decentralized network that acts as an internet of blockchains – allowing different blockchain networks to connect and interact with each other. It offers low fees and faster transaction speeds compared to more traditional cryptocurrencies, making it an attractive choice for traders.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* 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'.
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
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
Capitalise on rising stock prices (go long)
Capitalise on falling crypto prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset or have an exchange account
No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee
Manage risk with in-platform tools
Ability to set take profit and stop loss levels