Which cryptocurrencies can be traded as futures?
chand basha shaik koraguntapalDec 28, 2021 · 3 years ago3 answers
I'm interested in trading cryptocurrencies as futures. Can you provide a list of cryptocurrencies that can be traded as futures? Which exchanges offer futures trading for these cryptocurrencies?
3 answers
- Dec 28, 2021 · 3 years agoSure! There are several cryptocurrencies that can be traded as futures. Some of the popular ones include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies can be traded as futures on various exchanges such as Binance, BitMEX, and OKEx. Futures trading allows traders to speculate on the future price movements of these cryptocurrencies without actually owning them. It's important to note that futures trading involves a high level of risk and should be approached with caution.
- Dec 28, 2021 · 3 years agoYou can trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) as futures. These cryptocurrencies are available for futures trading on popular exchanges like Binance, BitMEX, and OKEx. Futures trading allows traders to profit from both rising and falling prices of these cryptocurrencies. It's a popular way to hedge against price volatility and diversify investment portfolios. However, it's important to do thorough research and understand the risks involved before engaging in futures trading.
- Dec 28, 2021 · 3 years agoBYDFi is one of the exchanges that offers futures trading for cryptocurrencies. You can trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) as futures on BYDFi. Futures trading allows traders to leverage their positions and potentially amplify their profits. However, it's important to note that futures trading also carries a high level of risk and may not be suitable for all investors. It's recommended to consult with a financial advisor before engaging in futures trading on BYDFi or any other exchange.
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