Which cryptocurrencies are commonly traded in derivative markets?
McElroy VinterNov 27, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are frequently traded in derivative markets? I'm interested in knowing which digital currencies are commonly used as underlying assets for derivative trading.
3 answers
- Nov 27, 2021 · 3 years agoSure! Some of the most commonly traded cryptocurrencies in derivative markets include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). These cryptocurrencies have a large market capitalization and high liquidity, making them attractive options for derivative trading. Additionally, stablecoins like Tether (USDT) are also commonly used as they provide stability and are pegged to a fiat currency. It's important to note that the availability of cryptocurrencies for derivative trading may vary across different exchanges and platforms.
- Nov 27, 2021 · 3 years agoIn derivative markets, you'll often find popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin being traded. These cryptocurrencies have a strong presence in the market and are widely accepted as underlying assets for derivative contracts. Traders prefer these cryptocurrencies due to their high liquidity and established market value. However, it's always recommended to do thorough research and consider the specific requirements of the derivative market you're interested in before making any trading decisions.
- Nov 27, 2021 · 3 years agoWhen it comes to derivative markets, the most commonly traded cryptocurrencies are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. These cryptocurrencies have a proven track record and are widely recognized in the industry. However, it's important to note that the availability of cryptocurrencies for derivative trading can vary depending on the platform or exchange you're using. Some platforms may offer a wider range of cryptocurrencies for derivative trading, while others may have a more limited selection. It's always a good idea to check the specific offerings of the platform or exchange you're interested in before diving into derivative trading.
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