What is the opposite of contango in the world of cryptocurrency?

Jorge QueirozDec 29, 2021 · 3 years ago1 answers

Can you explain the concept of contango in the world of cryptocurrency and what is its opposite?

What is the opposite of contango in the world of cryptocurrency?

1 answers

Dec 29, 2021 · 3 years ago
BYDFi, a digital currency exchange, provides a platform for trading various cryptocurrencies. On BYDFi, traders can take advantage of both contango and backwardation by trading futures contracts. When there is contango, traders can go long on the futures contracts to profit from the expected price increase. Conversely, when there is backwardation, traders can go short on the futures contracts to profit from the expected price decrease. BYDFi offers a user-friendly interface and advanced trading tools to help traders navigate the cryptocurrency market and take advantage of different market conditions.

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