XTB Slashes Crypto CFD Spreads Up To 60.5% To Attract Institutional Traders
1min read XTB, a prominent brokerage firm, has made significant strides in the crypto CFD market by slashing spreads and increasing exposure limits. On April 14, the company announced substantial upgrades to its crypto contracts for difference (CFDs), targeting institutional traders. Spreads were reduced across various cryptocurrencies, with Bitcoin seeing a 41% cut, Ethereum a 60.5% reduction, and other major coins like Ripple, Cardano, and Litecoin experiencing decreases ranging from 19% to 53%. Chainlink also benefited from a 58.5% spread slash.
In addition to tighter spreads, XTB has boosted institutional exposure limits from €1 million to €10 million, a tenfold increase. This move is designed to attract hedge funds, asset managers, and large-scale traders, providing them with greater flexibility and scale to execute larger transactions with improved pricing and reduced slippage. The company aims to become the go-to platform for institutional crypto traders by optimizing CFD trading conditions and delivering superior value to its partners.
XTB's strategic upgrades do not stop at spread cuts and increased exposure limits. The brokerage has also announced plans to list 16 new cryptocurrencies, including meme tokens, over the coming months. This phased rollout, beginning this month and stretching through the second half of 2025, will introduce more trading opportunities and diversity to the market. This move is seen as a strategic bet on the next generation of crypto volatility, as meme coins have the potential to explode overnight, attracting both speculative and mainstream traders.
XTB's expansion is not limited to the crypto market. The brokerage is also strengthening its global presence. Last month, XTB opened a new office in the UAE after receiving its license from the UAE Securities and Commodities Authority. It also renewed its Dubai Financial Services Authority (DFSA) license, which has been active since July 2021. Additionally, XTB has secured licenses in Indonesia and Chile, further solidifying its presence in Southeast Asia and Latin America. With over 555,000 active accounts, XTB leads the CFD broker rankings and contributes to an industry that has crossed 5 million active accounts globally.
XTB's recent moves indicate a significant shift in the institutional crypto trading landscape. By slashing spreads, increasing exposure limits, and preparing for new listings, the brokerage is not just responding to market demands but also attempting to shape the market. For institutions closely monitoring the crypto space, this could be the shake-up they have been waiting for. The question now is whether other brokers will follow suit or risk falling behind in this rapidly evolving market.
