What are the latest options for trading cryptocurrencies according to CNBC's Options Action recap?

3 answers

• Dec 17, 2021 · 3 years ago
  As per CNBC's Options Action recap, the latest options for trading cryptocurrencies include futures contracts, options contracts, and leveraged trading. These options provide traders with the ability to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Futures contracts allow traders to enter into an agreement to buy or sell a specific cryptocurrency at a predetermined price and date in the future. Options contracts give traders the right, but not the obligation, to buy or sell a cryptocurrency at a specified price within a certain time period. Leveraged trading allows traders to borrow funds to amplify their trading positions, potentially increasing profits but also increasing risks.
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• Dec 17, 2021 · 3 years ago
  According to CNBC's Options Action recap, traders have various options for trading cryptocurrencies. These options include spot trading, margin trading, and derivatives trading. Spot trading involves buying or selling cryptocurrencies for immediate settlement, with traders owning the actual assets. Margin trading allows traders to borrow funds to trade larger positions than their account balance, increasing potential profits but also magnifying losses. Derivatives trading involves trading financial instruments that derive their value from cryptocurrencies, such as futures contracts and options contracts. These options provide traders with flexibility and the opportunity to profit from both rising and falling cryptocurrency prices.
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• Dec 17, 2021 · 3 years ago
  According to CNBC's Options Action recap, BYDFi is one of the latest options for trading cryptocurrencies. BYDFi is a digital asset exchange that offers a wide range of cryptocurrencies for trading. Traders can access various trading pairs and utilize advanced trading features such as limit orders, stop orders, and margin trading. BYDFi also provides a secure and user-friendly platform, making it a popular choice among cryptocurrency traders. With BYDFi, traders can take advantage of the latest market trends and execute their trading strategies effectively.
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