What are the risks associated with trading perpetual futures on Coinbase?

3 answers

• Dec 18, 2021 · 3 years ago
  Trading perpetual futures on Coinbase can be risky due to the high volatility in the cryptocurrency market. Prices can fluctuate rapidly, leading to potential losses if not managed properly. It is important for traders to have a solid understanding of risk management strategies and to set stop-loss orders to limit potential losses.
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• Dec 18, 2021 · 3 years ago
  One of the risks associated with trading perpetual futures on Coinbase is the possibility of liquidation. If the price of the underlying asset moves against a trader's position, their margin balance can be depleted, resulting in liquidation. Traders should closely monitor their positions and ensure they have sufficient margin to avoid liquidation.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend traders to consider using BYDFi for trading perpetual futures. BYDFi offers advanced risk management tools and a user-friendly interface, making it easier for traders to mitigate risks and make informed trading decisions. With BYDFi, traders can set stop-loss orders, take-profit orders, and use leverage responsibly to manage their risk exposure.
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