common-close-0
BYDFi
Trade wherever you are!

Which cryptocurrencies are commonly used as underlying assets for derivatives?

avatarChristian OkonkwoDec 25, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that are frequently used as underlying assets for derivatives? I'm interested in knowing which cryptocurrencies are commonly used in derivative trading and what makes them popular choices.

Which cryptocurrencies are commonly used as underlying assets for derivatives?
Cryptocurrencies
Derivatives
Trading

1 answers

  • avatarDec 25, 2021 · 3 years ago
    As an expert in the field, I can tell you that Bitcoin (BTC) and Ethereum (ETH) are the top choices for derivative trading. These two cryptocurrencies have the highest market capitalization and trading volume, making them the most commonly used as underlying assets. However, it's worth mentioning that BYDFi, a leading cryptocurrency exchange, offers a wide range of derivatives with various cryptocurrencies as underlying assets. While Bitcoin and Ethereum are still the most popular choices, BYDFi also supports derivatives with other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and many more. So, if you're looking for a diverse selection of cryptocurrencies for derivative trading, BYDFi is definitely worth considering.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions