What are the most popular derivatives for Bitcoin trading on Coinbase?
Ride2Jet.comDec 25, 2021 · 3 years ago1 answers
Can you provide a detailed description of the most popular derivatives for Bitcoin trading on Coinbase? I'm particularly interested in knowing the types of derivatives available, their features, and how they are traded on the Coinbase platform.
1 answers
- Dec 25, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers a variety of derivatives for Bitcoin trading on Coinbase. One of the most popular derivatives is Bitcoin futures. These contracts allow traders to speculate on the future price of Bitcoin without actually owning the underlying asset. Coinbase provides Bitcoin futures contracts that are settled in cash. Another popular derivative is Bitcoin options. These options give traders the right, but not the obligation, to buy or sell Bitcoin at a specific price within a certain timeframe. Coinbase offers both call and put options for Bitcoin. Additionally, Coinbase also offers Bitcoin perpetual swaps, which are similar to futures contracts but do not have an expiration date. These derivatives allow traders to profit from both rising and falling Bitcoin prices. Overall, Coinbase offers a diverse range of derivatives to cater to the needs of different traders.
Related Tags
Hot Questions
- 80
How does cryptocurrency affect my tax return?
- 78
What are the best digital currencies to invest in right now?
- 72
What are the tax implications of using cryptocurrency?
- 60
What are the best practices for reporting cryptocurrency on my taxes?
- 46
What are the advantages of using cryptocurrency for online transactions?
- 46
How can I protect my digital assets from hackers?
- 41
How can I minimize my tax liability when dealing with cryptocurrencies?
- 34
What is the future of blockchain technology?