What are some strategies to increase perpetual futures volume for a digital asset?

10 answers

• Dec 18, 2021 · 3 years ago
  One strategy to increase perpetual futures volume for a digital asset is to improve the overall user experience on the trading platform. This includes optimizing the platform's speed and performance, enhancing the user interface, and providing advanced trading features. By offering a seamless and user-friendly experience, traders are more likely to engage in higher trading volumes.
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• Dec 18, 2021 · 3 years ago
  Another effective strategy is to incentivize traders to participate in perpetual futures trading. This can be done through various means such as offering trading fee discounts, providing rewards for high trading volumes, or organizing trading competitions with attractive prizes. By creating incentives, traders are motivated to increase their trading activities, resulting in higher volume.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we have found that partnering with reputable market makers can significantly boost perpetual futures volume. Market makers provide liquidity to the market by continuously quoting both buy and sell orders. By collaborating with market makers, the trading platform can ensure a healthy order book and attract more traders to participate in perpetual futures trading.
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• Dec 18, 2021 · 3 years ago
  To increase perpetual futures volume, it is crucial to actively promote the digital asset and its unique features. This can be done through targeted marketing campaigns, educational content, and partnerships with influential individuals or organizations in the cryptocurrency industry. By raising awareness and showcasing the benefits of trading the digital asset, more traders are likely to be attracted, leading to increased volume.
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• Dec 18, 2021 · 3 years ago
  One often overlooked strategy is to actively engage with the trading community. This can be done through social media platforms, forums, and online communities. By providing valuable insights, answering questions, and addressing concerns, the trading platform can build trust and credibility among traders. This, in turn, can lead to increased trading volume as traders feel more confident and comfortable trading the digital asset.
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• Dec 18, 2021 · 3 years ago
  A key strategy to increase perpetual futures volume is to ensure a competitive fee structure. Traders are sensitive to trading fees, and offering competitive rates can attract more traders to the platform. Additionally, providing transparent fee structures and offering fee discounts for high-volume traders can incentivize increased trading activity.
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• Dec 18, 2021 · 3 years ago
  Implementing advanced trading features, such as margin trading and advanced order types, can also contribute to higher perpetual futures volume. These features attract experienced traders who seek more sophisticated trading options. By catering to the needs of advanced traders, the platform can increase its trading volume.
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• Dec 18, 2021 · 3 years ago
  Cross-listing the digital asset on multiple reputable exchanges can also help increase perpetual futures volume. By expanding the availability of the asset across different platforms, it becomes more accessible to a wider range of traders. This can result in increased trading volume as traders can choose the platform that best suits their needs.
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• Dec 18, 2021 · 3 years ago
  Utilizing search engine optimization (SEO) techniques can also play a role in increasing perpetual futures volume. By optimizing the platform's website and content for relevant keywords, the trading platform can improve its visibility in search engine results. This can attract organic traffic and potentially lead to higher trading volume.
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• Dec 18, 2021 · 3 years ago
  Lastly, fostering a strong and supportive community around the digital asset can have a positive impact on perpetual futures volume. By organizing meetups, webinars, or online events, traders can connect with each other and share their experiences. This sense of community can create a positive trading environment and encourage more traders to participate in perpetual futures trading.
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