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Which digital currencies are most commonly traded on futures markets?

avatarRajnikant varmaDec 26, 2021 · 3 years ago3 answers

Can you provide a list of the digital currencies that are frequently traded on futures markets? I'm interested in knowing which cryptocurrencies are popular in this type of trading.

Which digital currencies are most commonly traded on futures markets?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Some of the most commonly traded digital currencies on futures markets include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a high trading volume and are widely recognized in the crypto community. They offer traders the opportunity to speculate on their price movements without actually owning the underlying assets. It's important to note that the availability of futures trading may vary across different exchanges, so it's always a good idea to check with your preferred exchange for the specific cryptocurrencies they offer for futures trading.
  • avatarDec 26, 2021 · 3 years ago
    Well, when it comes to futures markets, you'll find that Bitcoin (BTC) is the most commonly traded digital currency. It's the pioneer of cryptocurrencies and has the largest market cap. Ethereum (ETH) is another popular choice for futures trading, as it's the second-largest cryptocurrency by market cap and has a strong community following. Other digital currencies that are frequently traded on futures markets include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have gained significant traction in the crypto space and are often included in the futures offerings of various exchanges.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers futures trading for a wide range of cryptocurrencies. Some of the most commonly traded digital currencies on BYDFi's futures markets include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have proven to be popular choices among traders due to their liquidity and market recognition. However, it's worth noting that the availability of futures trading may vary across different exchanges, so it's always a good idea to research and compare the offerings of multiple exchanges before making a decision.