Which cryptocurrencies are commonly used as underlying assets for put and call options?

3 answers

• Feb 17, 2022 · 3 years ago
  Sure! Some of the commonly used cryptocurrencies as underlying assets for put and call options include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies are popular choices due to their high liquidity and market capitalization, which makes them suitable for options trading. Additionally, their widespread adoption and recognition in the crypto community contribute to their popularity as underlying assets for options contracts.
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• Feb 17, 2022 · 3 years ago
  When it comes to put and call options, Bitcoin (BTC) is undoubtedly the most commonly used cryptocurrency as an underlying asset. Its dominance in the market and high trading volume make it an ideal choice for options traders. However, Ethereum (ETH) is also gaining popularity as an underlying asset for options contracts, thanks to its smart contract capabilities and growing ecosystem. Other cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) are also frequently used, although to a lesser extent compared to Bitcoin and Ethereum.
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• Feb 17, 2022 · 3 years ago
  At BYDFi, we offer a wide range of options contracts with various cryptocurrencies as underlying assets. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) are among the most commonly traded options on our platform. Our users can take advantage of the price movements of these cryptocurrencies by trading options contracts with them as underlying assets. Whether you're a beginner or an experienced trader, BYDFi provides a user-friendly interface and advanced trading tools to enhance your options trading experience.
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