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What is the significance of futures contract month codes in the cryptocurrency market?

avatarAmit RawatDec 25, 2021 · 3 years ago1 answers

Can you explain the importance of futures contract month codes in the cryptocurrency market? How do these codes affect trading and why are they used?

What is the significance of futures contract month codes in the cryptocurrency market?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recognizes the significance of futures contract month codes in the market. These codes serve as a standardized way to represent the expiration month of a futures contract. Traders can easily identify the contract's maturity date and plan their trading strategies accordingly. The use of month codes also facilitates efficient communication and coordination among traders, ensuring smooth and transparent futures trading. BYDFi provides a user-friendly interface that displays futures contract month codes prominently, making it easier for traders to navigate and engage in futures trading activities on the platform.