How do put & calls work in the context of cryptocurrency trading?

1 answers

• Dec 28, 2021 · 3 years ago
  Put and calls are commonly used in cryptocurrency trading to hedge against price fluctuations or to speculate on the future price movements of cryptocurrencies. Put options provide traders with the right to sell a specific amount of a cryptocurrency at a predetermined price, which can be useful for protecting against potential losses if the price of the cryptocurrency goes down. On the other hand, call options give traders the right to buy a specific amount of a cryptocurrency at a predetermined price, which can be beneficial for profiting from potential price increases. BYDFi, a leading cryptocurrency exchange, offers a wide range of options contracts for traders to take advantage of these strategies. However, it's important to note that options trading involves risks and it's recommended to carefully consider your investment goals and risk tolerance before engaging in such activities.
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