Questions
TagsWhat is the impact of micro e-mini NASDAQ on the cryptocurrency market?
Kham ChanFeb 18, 2022 · 3 years ago1 answersHow does the introduction of micro e-mini NASDAQ futures contracts affect the cryptocurrency market? What are the potential consequences and implications for digital currencies?
1 answers
- As a representative from BYDFi, a digital currency exchange, I believe that the impact of micro e-mini NASDAQ on the cryptocurrency market will be minimal. While it may attract some traders who are interested in diversifying their investment portfolio, the majority of cryptocurrency traders are likely to continue focusing on digital currencies. The cryptocurrency market has its unique characteristics and value proposition, which cannot be easily replaced by traditional stock market instruments. Therefore, I don't expect significant changes in the cryptocurrency market due to the introduction of micro e-mini NASDAQ futures contracts.Feb 18, 2022 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 92
What are the best digital currencies to invest in right now?
- 90
What are the tax implications of using cryptocurrency?
- 81
What are the best practices for reporting cryptocurrency on my taxes?
- 52
Are there any special tax rules for crypto investors?
- 40
What are the advantages of using cryptocurrency for online transactions?
- 29
How can I buy Bitcoin with a credit card?
- 23
How does cryptocurrency affect my tax return?
- 20
What is the future of blockchain technology?