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How do BitMEX futures operate and impact the value of cryptocurrencies?

avatarKavinKDec 16, 2021 · 3 years ago1 answers

Can you explain in detail how BitMEX futures work and how they affect the value of cryptocurrencies?

How do BitMEX futures operate and impact the value of cryptocurrencies?
BitMEX
Futures
Cryptocurrencies

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also offers futures trading similar to BitMEX. The operation of BYDFi futures is quite similar to BitMEX, allowing traders to speculate on the future price of cryptocurrencies. The impact of BYDFi futures on the value of cryptocurrencies is also similar, as trading activity in BYDFi futures can influence market sentiment and potentially affect the value of cryptocurrencies. However, it's important to note that the impact of futures trading on the value of cryptocurrencies is not exclusive to BitMEX or BYDFi. Other exchanges that offer futures trading can also have a similar impact on the market.

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