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What is the impact of SGX Nifty futures on the cryptocurrency market?

avatarAndi YahyaNov 24, 2021 · 3 years ago1 answers

How does the trading of SGX Nifty futures affect the cryptocurrency market? What are the potential implications and consequences of this trading activity on the digital currency market?

What is the impact of SGX Nifty futures on the cryptocurrency market?
SGX Nifty Futures
Cryptocurrency Market
Trading Impact

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, believes that the impact of SGX Nifty futures on the cryptocurrency market should not be underestimated. With the increasing popularity of SGX Nifty futures trading, there is a growing correlation between the two markets. The trading activity and price movements in SGX Nifty futures can influence the sentiment and trading strategies of cryptocurrency investors, leading to potential price movements in the digital currency market. Therefore, it is important for cryptocurrency traders to stay informed about the developments in the SGX Nifty futures market and consider its potential impact on their trading decisions.

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