Trade Responsibly. Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DOTUSD - Polkadot vs US Dollar

Current value in real time on the crypto market for investing

Swap Short: -20 %Swap Long: -20 %
Low: 6.392Spread MT5 floatingHigh: 6.570
Global Stock Exchanges Session Times
Sydney
1:56 pm (Local)
Closes in 2h 16m
Tokyo
11:56 am (Local)
Closes in 3h 4m
London
2:56 am (Local)
Opens in 5h 4m
New York
9:56 pm (Local)
Opens in 11h 34m

DOTUSD Trading Chart

D1
W1
M1
No chart data
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
Edge
Edge
MT4
MT5
Execution
Market Execution
Market Execution
EdgeFloating spreads
Minimum: 21.00Average: 73.51
Market Hours*Open Now
Market Hours*Open Now
Limit and Stop Level175
1 tick value0.001
Minimum contract size0.01 lot
1 lot size1 DOT
1 PIP value per 1 lot in USD0.001 USD
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0
Execution ModeMarket (irrelevant of platform or Account type)

* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro 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. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

What is Polkadot

In 2021, Polkadot was one of the crypto market leaders in terms of capitalisation. Analysts tend to believe that it may soon replace Ethereum in terms of popularity among investors.

Ironically, it was created by Gavin Wood, one of the developers of Aether. Moreover, he is the former CTO of this famous platform. A few years ago, Gavin came up with a unique programming language called Solidity, in which most smart contracts are now being developed, and the Ethereum environment is written.

In 2016, he left Ethereum, not alone, but with the creator of the core code for this platform, Marek Kotevich. They were not satisfied with the low scalability of Ethereum, as well as the low throughput of the system: only 15 operations per second. If we compare, there are an average of 17,000 transactions in the Visa system at the same time. The low speed leads to payment delays, growing queues in the Ether system, as well as high fees, like $50 per transaction in May 2020.

All this prompted the partners to the idea of creating something more ideal. So, together they introduced Polka Dot to the market: a system in which more than 10,000 transactions are carried out every second, with a minimum commission.

pDOTn or DOT is used for transfers between users, along with payments for goods, services, and content on the Internet.