Which cryptocurrencies are commonly traded as futures contracts?
Blom SweeneyDec 17, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are frequently traded as futures contracts? I'm interested in knowing which digital currencies are commonly used in futures trading.
3 answers
- Dec 17, 2021 · 3 years agoSure! Some of the most commonly traded cryptocurrencies as futures contracts include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a large market capitalization and are widely recognized in the crypto industry. They offer traders the opportunity to speculate on their future price movements without actually owning the underlying assets. Futures contracts for these cryptocurrencies are available on various exchanges and provide traders with additional trading opportunities and risk management tools.
- Dec 17, 2021 · 3 years agoYou bet! When it comes to futures contracts, Bitcoin (BTC) is undoubtedly the king. It's the most widely traded cryptocurrency and has the highest market capitalization. Ethereum (ETH) is another popular choice for futures trading, thanks to its smart contract capabilities and large community. Other cryptocurrencies commonly traded as futures contracts include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies offer traders the chance to profit from their price movements without having to buy and sell the actual coins.
- Dec 17, 2021 · 3 years agoAbsolutely! At BYDFi, we offer futures contracts for a wide range of cryptocurrencies. Some of the most commonly traded ones include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies are known for their liquidity and high trading volumes, making them attractive options for futures trading. However, it's important to note that the availability of futures contracts may vary across different exchanges. It's always a good idea to check with your preferred exchange to see which cryptocurrencies they offer for futures trading.
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