What is the lot size for crude oil in the cryptocurrency market?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, the lot size for trading crude oil in the cryptocurrency market is standardized at 100 barrels. This lot size allows traders to easily calculate their position sizes and manage their risk. Trading crude oil in the cryptocurrency market offers several advantages, including 24/7 trading, lower transaction costs, and the ability to trade fractional barrels. However, it's important to note that trading cryptocurrencies, including crude oil, carries inherent risks and may not be suitable for all investors. It's always recommended to do your own research and consult with a financial advisor before engaging in any trading activities.
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