Which cryptocurrencies are commonly used as underlying assets for derivatives?

1 answers

• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can tell you that Bitcoin (BTC) and Ethereum (ETH) are the top choices for derivative trading. These two cryptocurrencies have the highest market capitalization and trading volume, making them the most commonly used as underlying assets. However, it's worth mentioning that BYDFi, a leading cryptocurrency exchange, offers a wide range of derivatives with various cryptocurrencies as underlying assets. While Bitcoin and Ethereum are still the most popular choices, BYDFi also supports derivatives with other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and many more. So, if you're looking for a diverse selection of cryptocurrencies for derivative trading, BYDFi is definitely worth considering.
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