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Which cryptocurrencies are commonly traded using exchange rate futures?

avatarAnukaJan 14, 2022 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that are frequently traded using exchange rate futures? I'm interested in knowing which digital currencies are commonly used in this type of trading.

Which cryptocurrencies are commonly traded using exchange rate futures?
Cryptocurrencies
Exchange Rate Futures
Digital Currencies

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Sure! Some of the cryptocurrencies that are commonly traded using exchange rate futures include Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies are popular choices for traders who want to speculate on their future value and hedge against price fluctuations.
  • avatarJan 14, 2022 · 3 years ago
    Exchange rate futures are a type of derivative contract that allows traders to speculate on the future value of a particular cryptocurrency. Some of the most commonly traded cryptocurrencies in this market include Bitcoin, Ethereum, Ripple, and Litecoin. These digital currencies have a large market capitalization and are widely recognized in the cryptocurrency community.
  • avatarJan 14, 2022 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the most commonly traded cryptocurrencies using exchange rate futures are Bitcoin, Ethereum, Ripple, and Litecoin. These digital currencies have a high trading volume and are considered to be the most liquid assets in the market. Traders often use exchange rate futures to hedge their positions and take advantage of price movements in these cryptocurrencies.

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