Multi-collateral DAI at XBTFX
Deposit via Multi-collateral DAI and trade Forex, Crypto, Commodities & Indices on Metatrader 5
Deposit, Trade, Withdraw using Multi-collateral DAI
Open Metatrader 5 DAI base balance accounts for margin trading with DAI Deposit
Transfer DAI between multiple DAI MT5 trading accounts
What is Multi-collateral DAI?
XBTFX accepts Multi-collateral DAI as a Deposit and Withdrawal method for FX and crypto trading on the MetaTrader 5 ( MT5) platform. open DAI base currency MT5 trading accounts, where DAI is used as trading collateral that will settle post-trade profit and loss in DAI on the XBTFX Metatrader 5 platform.
DAI is a decentralized stablecoin, launched by MakerDao, that is pegged to the US dollar and currently the most widely used DeFi application. This means that the value of one Dai will always be approximately $1 USD. DAI is the world’s first unbiased stablecoin currency that is decentralized and runs on the Ethereum blockchain. It's USD soft peg price stability is managed through a system of lending on the Ethereum network.
Depositing DAI as collateral to hold balances for trading Forex and Crypto CFDs at XBTFX is ideal for traders using crypto payments who don't want the value of their deposit to be impacted by volatile Cryptocurrency price fluctuations while maintaining the preference of using Crypto instead of the standard banking system to fund a USD valued Forex account.